Why Use the Same Color Lanyard for Everyone? Pros and Cons for Employees, Vendors, and Visitors

Mythiliganesh
In my company, we have employee ID cards. The color of the lanyard is black, and the same color lanyard is used for all vendors, visitors, and contractors to differentiate between employees and non-employees. Could someone clearly explain the pros and cons of having the same color lanyard or tag across the company for all three different types of entries - employees, vendors, and visitors? Please help me in this regard.
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