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May 2009

TOP 50 Companies For Supplier Diversity

By by the u.s. hispanic chamber of commerce and PODER staff.
Marcelo Peres Dalannays.

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It’s no secret that some of the nation’s leading corporations owe part of their success to minorityowned contractors that help them run cost-effectively. But despite the benefit to corporations, support for these minority-owned businesses has a way to go. “On average, for every dollar that a White-own[ed] firm makes, Hispanic-owned businesses made 56 cents,” says Ying Lowry from the U.S. Small Business Administration’s Office of Advocacy. A partnership between the U.S. Hispanic Chamber of Commerce and PODER, this list reviews corporations that continue to improve and grow their supplier diversity programs by implementing innovative ideas and demonstrating commitment to inclusion—despite times of duress.

Abercrombie & Fitch
[Company Headquarters] New Albany, Ohio [2008 Revenues in millions] $3,540.3 [Why they’re on the list] As a design and fashion company that understands it must incorporate diversity into every aspect of its business, Abercrombie and Fitch looks to recruit young Latino designers and fashion entrepreneurs. [Company Website] www.abercrombie.com/anf/careers/diversity.html

Alcatel-Lucent
[HQ] Plano, Texas (subsidiary) [R] $26,205.8 [Why] The company’s approach to supplier diversity encourages the creation of small- to mid-size Latino technology companies. In the process, Alcatel-Lucent follows up with each supplier on a step-by-step basis to provide training and counsel. [W] www.alcatel-lucent.com/us

AT&T
[HQ] Dallas, Texas [R] $124,028 [Why] AT&T has one of the most ambitious supplier diversity programs. One of its most interesting initiatives is the capacity building funding AT&T gives to organizations to heavily recruit and train Latinas to become company suppliers. [W] http://www.wireless.att.com/about/doing-business/suppliers.jsp

Avis Budget Group
[HQ] Parsippany, New Jersey [R] $5,984 [Why] As part of their supplier diversity program, Avis’ local rental agencies seek out local car dealers as suppliers. Avis Budget also features minority and women suppliers in various national ads. [W] www.avisbudgetgroup.com

Bank of America
[HQ] Charlotte, North Carolina [R] $113,106 [Why] Since its inception in 1990, the supplier diversity program at Bank of America has had industry segmented diversity departments. This comprehensive approach allows BoA to walk applicants through the entire supplier diversity process. [W] http://careers.bankofamerica.com/learnmore/diversity.asp

CBS Corp.
[HQ] New York, New York [R] $13,950.4 [Why] As part of its outreach, CBS has hired Hispanic consulting firms and agents to go into their local communities to recruit small- and mid-size business suppliers. [W] http://www.cbscorporation.com/diversity/index.php

Chevron Corp.
[HQ] San Ramon, California [R] $263.159 [Why] Before the hype over green business, Chevron was already pioneering the field. For some time now Chevron has been working to convert its existing supplier diversity base into green supplier service producers as well as acquiring Hispanic eco-friendly suppliers. [W] http://www.chevron.com/productsservices/supplierdiversity

Coca-Cola
[HQ] Atlanta, Georgia [R] $31,944 [Why] One of the Coca-Cola’s corporate citizenship goals is to create more sustainable communities. In order to grow Hispanic businesses, Coca-Cola heavily exhorts its primary suppliers to go out into the community and find local minority second-tier and third-tier suppliers. [W] http://www.thecoca-colacompany.com/citizenship/diversity.html

Deloitte & Touche LLP
[HQ] New York, New York [R] $27,400 (Private partnership) [Why] If one looks at supplier diversity by industry, accounting services account for less than one percent of services despite the number of Hispanic-led accounting firms in the country. For this reason, Deloitte has pioneered in the field by appointing Hispanic accounting suppliers. [W] www.deloitte.com

FedEx
[HQ] Memphis, Tennessee [R] $37,953 [Why] When it comes to supplier diversity, FedEx deploys local representatives to inform possible suppliers about the program and about how they might be suited to supply to FedEx. [W] www.fedex.com/us/officeprint/buspart/supplier/diversity.html

Hilton Hotels Corp.
[HQ] Beverly Hills, California [R] $3,535.6 [Why] Hilton Hotels has an extensive first-tier and second-tier supplier diversity program. In addition, Hilton releases information about projected buying cycles in order to inform suppliers about the company’s demands. [W] https://cvmas02.cvmsolutions.com/hilton554

The Home Depot
[HQ] Atlanta, Georgia [R] $71,288 [Why] Home Depot invite suppliers to their headquarters in order to train them to improve their company operations so they become better suppliers. [W]http://corporate.homedepot.com/wps/portal/SupplierDiversity

IBM Corp.
[HQ] Armonk, New York [R] $103,630 [Why] IBM has participated in the U.S. Department of Defense’s Mentor-Protégé Program since 1997. The program seeks to increase the number of small businesses involved in the defense industry. IBM has mentored 12 firms during this time in areas such as marketing, ecommerce, technology training and certification, subcontracts, business partner development and teaming opportunities. [W] www.ibm.com

JCPenney
[HQ] Plano, Texas [R] $19,860 [Why] JCPenney is a 30-year veteran of supplier diversity. The company looks closely at consumer trends and relies on Hispanic suppliers to help stores offer compelling merchandise and services that will increase this demographic’s customer loyalty. [W] www.jcpenney.net/inclusion_diversity/supplier_div/default.aspx

JP Morgan Chase
[HQ] New York, New York [R] $101,491 [Why] JP Morgan Chase’s goal is to make supplier diversity synonymous with access to capital. JP hosted the first Capital Summit 2008 in New York City. The aim of the conference was to ensure procurement by matching equity funding to suppliers. Through the process of pairing huge equities with smaller businesses, JP mentored and sponsored the growth of minority suppliers’ companies. [W] www.jpmorganchase.com

Kaiser Permanente
[HQ] Oakland, California [R] $37,800 (Private Not-for-Profit) [Why] As an efficient medical not-for-profit concern, Kaiser heavily believes in educating the community about its supplier base. It also has many seminars on how businesses could provide products and services in the health industry. [W] http://xnet.kp.org/supplierdiversity/index.html

Eastman Kodak Co.
[HQ] Rochester, New York [R] $9,416 [Why] Since its creation in 1989, the supplier diversity program at Kodak has increased business relationships with minorities across the board. However if there was an award to be given to CEOs for direct involvement with supplier diversity it would go to Eastman Kodak’s Antonio M. Perez. The heads of supplier diversity within the company report directly to the CEO about procurement efforts. Perez also makes a priority of doing personal outreach and appearing at supplier diversity-related events. [W] www.kodak.com

Kraft Foods Inc.
[HQ] Northfield, Illinois [R] $42,867 [Why] With many subsidiaries across the country, Kraft heavily depends on them to buy locally in their communities. The subsidiaries employ first-tier and multiple-tier suppliers in products, raw materials, and services. [W] www.kraftfoodscompany.com

Lockheed Martin
[HQ] Bethesda, Maryland [R] $42,731 [Why] Lockheed Martin looks at supplier diversity as a comprehensive effort. A long-time promoter of diverse suppliers, Lockheed Martin hires consultants to meet and examine companies and provide training and assistance to small- and mid-size businesses that want to become suppliers. [W] www.lockheedmartin.com/suppliers/supplier-diversity/index.html

L’Oreal
[HQ] New York, New York (subsidiary) [R] $24,726.6 [Why] L’Oreal has a goal of drawing more Latinas into the science industry. For this reason, L’Oreal joins efforts with organizations across the country to either fund or create training programs that encourage Latinas to become science and pharmaceutical suppliers. [W] www.lorealusa.com

Macy’s
[HQ] Cincinnati, Ohio [R] $24,892 [Why] Macy’s encourages Hispanic suppliers to participate in placing merchandise within stores. [W] www.macysinc.com/diversitymanagement

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A. Oldroyd
2009-06-17 09:44:26

I work with a minority business publication & was researching articles. This one is very useful but there are many typos that make it hard to understand. It starts with MGM-- the bottom got cut off & combined with the next company. There are several of these. Just thought I'd make the author aware so something can be done. Thank you.

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