Equity in Business

By: National Minority Supplier Development Council (NMSDC)
  • Summary

  • The United States is facing a racial wealth gap that has existed for over 330 years. But at the same time, businesses run by systematically excluded communities of color (Asian-Indian, Asian-Pacific, Black, Hispanic, and Native American) still contribute nearly $400 billion to the U.S. economy, even though these communities face barriers to information, capital, and contracts. Hosted by the National Minority Supplier Development Council (NMSDC), this podcast channel explores how growing minority business enterprises (MBEs) is central to not only addressing the racial wealth gap but also creating a stronger, more resilient society for all.

    © 2024 National Minority Supplier Development Council
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Episodes
  • Sidd Ahmed, CEO of VDart Group, Talks Building a $240M Global Business with NMSDC’s Support
    Sep 29 2024

    This NMSDC Equity in Business Podcast episode features Sidd Ahmed, Founder and CEO of VDart Group, which has emerged as a global leader in digital talent management, solutions, and products, generating over $240M in revenue. Sidd has redefined success through his unwavering commitment to the principles of his North Star: "people, purpose, planet."

    As a minority-owned company certified by NMSDC as both an MBE and a Corporate Plus member, VDart’s success story is intricately linked with Sidd’s involvement with the NMSDC. He shared that VDart had to rise to the occasion by 1) joining the network, 2) obtaining certification, 3) leveraging the network, 4) gaining access, and 5) showing up at industry group meetings. These efforts led to NMSDC educational opportunities with companies like Kellogg’s, Delta Air Lines, and Accenture, which were pivotal in driving the growth of the VDart Group of businesses.

    Some of Sidd’s other key insights for MBEs include:

    • Diversity of thought is critical to a company’s success.
    • In every action on the job and in business, ask the “key question”: Am I helping to create value for employees, customers, and all stakeholders?
    • A purpose-driven business fosters a sense of belonging across multiple and diverse communities, which ultimately drives business growth.
    • Access to opportunities is more likely when you have a “proof of concept.” This proof can be developed with other MBEs before you pitch to a Fortune 1000 company.
    • Get evaluated to identify if you have the right skills and seek training if needed.
    • Skilled talent in emerging technologies has a longer professional life span than non-skilled trades, although trades can also be lucrative.

    Guest:
    Sidd Ahmed, Founder and CEO, VDart Group

    Host and Production Specialist:
    John G. Daniel is a believer, advocate for underserved communities, and published writer, with vast transformative leadership experience in the energy sector, economic development, hurricane recovery, and youth/community education and empowerment. Itoro Umontuen is the Editor of this project and is an award-winning photographer, reporter, and mixed-media journalist.

    About the National Minority Supplier Development Council (NMSDC):
    Founded in 1972, NMSDC is the longest-operating business growth engine for the broadest group of systematically excluded communities of color (Asian-Indian, Asian-Pacific, Black, Hispanic, and Native American), and our impact goes far beyond the supply chain. It’s about upward mobility for the emerging majority of Americans, an equal shot at participating in the American experiment of free-market capitalism and entrepreneurship. Our work is about correcting the unequal access to wealth-building opportunities. For more information, please visit nmsdc.org.

    Follow us on LinkedIn, Facebook, Instagram, and X.

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    35 mins
  • Ann Ramakumaran's Journey to Creating an Award-Winning IT and Staffing Business from the Ground Up
    Sep 22 2024

    In this episode of the NMSDC Equity in Business Podcast, we feature Ann Ramakumaran, Founder and CEO of Ampcus Inc. A minority-owned company certified by NMSDC as an MBE and Corporate Plus member, Ampcus Inc., is a global IT and business staffing and consulting firm specializing in digital solutions and human capital management.

    Ann is a visionary entrepreneur with over 20 years of experience in designing, developing, and delivering cutting-edge technology and human capital solutions globally.

    Starting her journey in 2004 from her basement with a one-year-old, Ann identified a unique business opportunity to help companies streamline their Business Solutions, Management, and Human Capital needs. She then created and executed a "one-stop shop" solution to help customers meet that need.

    In this can't-miss episode, Ann shares her recipe for success as an MBE, including:

    • 15 years of growth within the NMSDC ecosystem, where she built relationships with MBEs, customers, corporate partners, government agencies, and nonprofits.
    • Curiosity about market needs as the foundation for her business strategy.
    • Smart growth strategies through organic expansion and acquisitions.
    • A focus on people, processes, and innovation in driving successful acquisitions.
    • The power of diverse thinking, surrounding yourself with professionals with varied experiences and perspectives.
    • The critical role of retooling and reskilling in ensuring business sustainability and growth.

    Guest:
    Ann Ramakumaran, Founder and CEO, Ampcus Inc.

    Host and Production Specialist:
    John G. Daniel is a believer, advocate for underserved communities, and published writer, with vast transformative leadership experience in the energy sector, economic development, hurricane recovery, and youth/community education and empowerment. Itoro Umontuen is the Editor of this project and is an award-winning photographer, reporter, and mixed-media journalist.

    About the National Minority Supplier Development Council (NMSDC):
    Founded in 1972, NMSDC is the longest-operating business growth engine for the broadest group of systematically excluded communities of color (Asian-Indian, Asian-Pacific, Black, Hispanic, and Native American), and our impact goes far beyond the supply chain. It’s about upward mobility for the emerging majority of Americans, an equal shot at participating in the American experiment of free-market capitalism and entrepreneurship. Our work is about correcting the unequal access to wealth-building opportunities. For more information, please visit nmsdc.org.

    Follow us on LinkedIn, Facebook, Instagram, and X.

    Show more Show less
    23 mins
  • How Resilience and 22 Years in Corporate America Built an International Supply Chain Business
    Aug 27 2024

    In this episode of the NMDSC Equity in Business Podcast, we feature Hector Quintanar, President of Trade Management Solutions (TMS). A minority-owned company certified by NMSDC as an MBE and Corporate Plus member, TMS is a leading international supply chain provider specializing in import/export, customs brokerage, all modes of transportation, warehousing, and distribution.

    Hector exemplifies what it takes to thrive as a successful minority business enterprise through his journey of Learning, Earning, and Owning. In this segment, he shares insights from his international career, including roles at Xerox and Dell Inc., along with his training in manufacturing and corporate strategies at Harvard University. Hector also explains how 22 years in corporate America prepared him for his entrepreneurial path.

    His advice to fellow MBEs includes:

    • Develop the ability to navigate ambiguity.
    • Empower yourself through continuous learning and self-encouragement.
    • Be accountable to yourself and all your stakeholders.
    • Raise your hand to take on the hard jobs.
    • Luck is where talent meets opportunity.

    This episode is a must-watch and listen for any entrepreneur seeking inspiration and practical wisdom.

    Guest:
    Hector Quintanar, president, Trade Management Solutions (TMS)

    Host and Production Specialist:
    John G. Daniel is a believer, advocate for underserved communities, and published writer, with vast transformative leadership experience in the energy sector, economic development, hurricane recovery, and youth/community education and empowerment. Itoro Umontuen is the Editor of this project and is an award-winning photographer, reporter, and mixed-media journalist.

    About the National Minority Supplier Development Council (NMSDC):
    Founded in 1972, NMSDC is the longest-operating business growth engine for the broadest group of systematically excluded communities of color (Asian-Indian, Asian-Pacific, Black, Hispanic, and Native American), and our impact goes far beyond the supply chain. It’s about upward mobility for the emerging majority of Americans, an equal shot at participating in the American experiment of free-market capitalism and entrepreneurship. Our work is about correcting the unequal access to wealth-building opportunities. For more information, please visit nmsdc.org.

    Follow us on LinkedIn, Facebook, Instagram, and X.

    Show more Show less
    36 mins

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