Is this your company? Claim your company profile and add your own content to this page
| Small and Diverse Business Spending | $439 million |
|---|---|
| Minority-owned | Not Reported |
| Woman-owned | Not Reported |
| Veteran-owned | Not Reported |
| LGBT+ -owned | Not Reported |
| Disabled Person-owned | Not Reported |
Walt Disney is committed to closing the representation gap in storytelling through programs that advance diversity in content
The Disney Institute trains individuals and organizations using insights from Disney business practices
Like most Fortune 500 companies Disney has a Supplier Diversity Program that enables diverse suppliers to compete for sourcing opportunities. In 2020, Disney spent $439 million through this program, down from $591 million in 2019.
Disney identifies minority, women, veteran, service-disabled, LGBTQ, and disabled-owned enterprises that are capable of meeting their requirements and validates diverse status through certification organizations. Disney has a second tier program for its primary suppliers.
Disney expects interested and potential diverse suppliers to demonstrate sales volume, profitability, and financial stability in the past three years, as well as deliver a comprehensive product or service. The company also expects suppliers to have a presence in its key markets in the U.S. (Northeast, Orlando, Southern California) and possess a skilled management team with experience delivering to the media/ entertainment/theme parks industry.
What seems missing from Disney’s program are articulate plans or reports that detail the work the company does with diverse suppliers. While there are various initiatives the company uses to source and empower diverse employees, there does not seem to be extra effort put in doing the same for diverse suppliers. Disney doesn’t appear to have any development initiatives for diverse suppliers and the three year financial requirements can be a significant barrier.
We believe that including diverse suppliers in our sourcing process provides us the greatest opportunity to develop the most innovative, highest quality, and most cost-effective business solutions. Through direct experience, we know this strengthens our company on the inside and supports communities on the outside.
We strive to ensure that our business leaders have a broad understanding of the business case for working with diverse suppliers and the competitive advantage that a robust Supplier Diversity process provides the company. We invite you to be part of the magic!
At least 51% owned, controlled AND operated by one or more members of a diverse group:
No User Reviews at the moment
No inspiring stories at the moment
