MedAlliesWorld®

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A Diversity Entrepreneurs Partnership Initiative (D.E.P.I)

D.E.P.I Fund

MedAlliesWorld® Lifeline Foundation

Post date: Aug 21, 2020

THE CHALLENGE

Short of reliable labor and industry statistics with accurate assessment of the Black American participation in the U.S health industry manufacturing and distribution sectors, an industry review by the NAACP indicates that African American participation is less than 2% in the Washington, DC, Maryland and Virginia regional market. GHM’s research through five-year attendance of major health industry tradeshows and conferences across the U.S, Europe, the Middle East, Africa and Asia confirms the total lack of global progress regarding the inclusion of black Americans and Africans in this lucrative industry.

IBISWorld predicts medical supplies wholesaling industry revenue is projected to grow at an annualized rate of 2.5% over the next five years. In parallel, the Covid-19 pandemic is revealing alarming social disparities impacting African Americans in all sectors of the health industry, thus exposing the need to create more opportunities for a stronger, more diverse and inclusive workforce across the U.S Market.

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Source: MedAlliesWorld, LLF

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