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| Small and Diverse Business Spending | $15 billion |
|---|---|
| Minority-owned | $8.5 billion |
| Woman-owned | $1.5 billion |
| Veteran-owned | $179 million |
| LGBT+ -owned | Not Reported |
| Disabled Person-owned | Not Reported |
Ford has three mentoring programs for both tier 1 & tier 2 suppliers
Launched a system that would improve Tier 2 diversity spend reporting for all corporations
Shares technology with its diverse supplier through its Joint Technology Framework
A member of the Billion Dollar Roundtable
Ford’s supplier diversity program has its roots in civil rights protests in 1968. In that sense, it's the precursor to the current focus on diverse businesses and sadly shows how little progress has been made. Ford created a program designed to identify, assist and award contracts to underrepresented small businesses known as the Inner-City Supplier Development Program.
In addition to being one of the first, Ford has one of the more impactful supplier diversity programs of the Fortune 500. Through 2019, Ford has spent over $153 billion dollars with underrepresented business groups
Recognizing that opportunities for underrepresented small businesses to become tier 1 suppliers still remained limited, Ford created WIN or ‘Widening the Inclusion Network’. This initiative complements the work being done under their tier 1 program by encouraging and supporting those suppliers to work with smaller underrepresented businesses. Through these two tiers, Ford has spent billions of dollars with minority, women, LGBT, and veteran-owned businesses among other groups.
To develop and grow diverse suppliers, Ford has additional programs that evidence its leadership in supplier diversity. Mentor Me provides corporate executives as consultants to diverse suppliers and the Joint Technology Transfer shares intellectual property.
A key shortcoming in supplier diversity programs is the varying and inadequate reporting. To enhance tier 2 reporting, Ford supported the development of a new platform that allows data to be entered for multiple customers using a single interface.
Ford Motor Company continues to be a leader when it comes to minority, woman and veteran owned businesses. The SDI program has been benchmarked as a model for best practices by Fortune 500 corporations in a wide range of industries. Since its inception, Ford’s SDI program has developed and implemented processes for the inclusion of certified diverse suppliers, provided access to new business opportunities and enterprise development to ensure the profitability, viability and sustainability of diverse business enterprises.
Ford understands the value of ensuring that its suppliers represent all segments of the business community and mirror those communities in which it does business.Ford’s dedication and commitment to develop and maintain a diverse supply base was established decades ago, and will continue for decades to come. Ford is proud of the achievements of our SDI program. Through this partnership our SDI program will continue to create a virtuous cycle of wealth creation throughout the value chain. We recognize that this is a never ending journey and we remain committed to working together, with our supplier partners to deliver great products, strong business and a better world.
We are committed to creating opportunities for diverse suppliers running minority-, women- and veteran-owned businesses that foster innovation, drive profitability, and prioritize sustainability.
At least 51% owned, controlled AND operated by one or more members of a diverse group:
Or if the business is:
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