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| Small and Diverse Business Spending | $3.1 Billion |
|---|---|
| Minority-owned | Not Reported |
| Woman-owned | Not Reported |
| Veteran-owned | Not Reported |
| LGBT+ -owned | Not Reported |
| Disabled Person-owned | Not Reported |
Walgreens sponsors training programs for diverse businesses on how to engage large companies.
The company made a commitment to spend at least 8% annually with minority-owned businesses and 2% with other certified diversity enterprises.
Find out how you can be a Walgreens supplier as the owner of a certified small business.
Walgreens uses a third-party platform RangeMe to manage new product submissions.
In 2018 Walgreens spent $3.1 Billion with over 2,600 diverse suppliers and small businesses across the United States, including 900 that were minority and women-owned. These businesses make up both tier 1 and tier 2 suppliers as the company requires all its large vendors to report back to them details relating to their Walgreens account spending and subcontracting.
Walgreens has set up a team of experienced professionals who work with executives and managers to ensure that the company’s diversity & inclusion plans are implemented successfully. This also helps with clear tracking, reporting and engaging with small business owners from various underrepresented groups in order to provide them with mentorship and boost their competitive advantage.
In 2010, Walgreens launched an initiative in their supplier diversity program called The Community Corner Project which addresses supplier diversity issues and looks closely at “the role a corporate entity plays in community economic development and the viability for a large retail entity of direct consumer sales appeals on the basis of ethnicity”.
Walgreens has committed to spend at least 8% annually with minority-owned businesses and 2% with other certified diversity enterprises. However, there is room to do more. In their Corporate Responsibility Report, Walgreens lists 24 CSR topics and rates them on materiality. Supplier diversity is rated as low impact, ranked 22 out of 24. Although this level of transparency goes beyond most other large companies, the ranking suggests an opportunity for Walgreens to improve their supplier diversity efforts.
We recognize that diverse suppliers through their retail products or non-retail goods and services generate value to our company, our customers, our patients and the communities we serve. Among other benefits, they expand what we offer our customers to meet their needs; enlarge our pool of qualified suppliers; promote entrepreneurship among diverse and small businesses; generate potential cost savings through increased competition; and foster economic vitality in our communities.
At least 51% owned, controlled AND operated by one or more members of a diverse group:
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