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| Small and Diverse Business Spending | $11 billion |
|---|---|
| Minority-owned | Not Reported |
| Woman-owned | Not Reported |
| Veteran-owned | Not Reported |
| LGBT+ -owned | Not Reported |
| Disabled Person-owned | Not Reported |
Walmart committed to spending $20 Billion on women owned businesses from 2011
Under their Supplier Inclusion program, the retail giant also has a web portal that promotes and sells goods manufactured and or sold to them by underrepresented business groups.
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The world’s biggest retail store has a well developed supplier diversity initiative, spending $11 billion in 2019. However, with expenses totaling over $500 billion a year Walmart still has an opportunity to do more for America’s underrepresented business groups. Current spending under its Supplier Inclusion Program is a small percentage of the giant retailer’s supplier spend per annum.
In 2011, Walmart pledged to spend billions of dollars on supplies from women owned businesses and through 2019 had spent nearly $30 billion on that initiative. In 2018 Walmart launched a Supplier Inclusion Showcase where products from minority and other previously disadvantaged owned small businesses can be found. It is not clear however if the same products are stocked in all their stores.
Walmart recognizes underrepresented small companies with certification from National Minority Supplier Development Council (NMSDC), Women’s Business Enterprise National Council (WBENC), USBLN Disability Supplier Diversity Program (DSDP), US Pan Asian American Chamber of Commerce (USPAACC)the National LGBT Chamber of Commerce and the United States Department of Veterans Affairs.
The company hosts events and conferences to promote supplier inclusion through match-making and networking. However, the last events listed were in 2019 and its not clear if Walmart transitioned to virtual events in 2020 and for 2021.
Walmart remains ambitious in its goals and the Supplier Inclusion program aims to increase the current pool of over 3,000 diversity suppliers through education and mentoring. There is significant room for improvement given that Walmart works with over 100,000 suppliers.
As the world’s largest retailer, Walmart strives to save people money so they can live better. This mantra is at the core of every decision we make. One way we fulfill this commitment is to embrace diversity in all aspects of our organization; from our talented associates to the supplier partners with whom we work to deliver the products and services our customers want and need, while fulfilling our business needs
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