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CVM Supplier Diversity Blog

Jaymie White

Recent Posts

Customer Spotlight: Pacific Gas and Electric Company (PG&E)

Pacific Gas and Electric Company (PG&E) provides natural gas and electric service to approximately 16 million people throughout a 70,000-square-mile service area in northern and central California.  Overseen by the California Public Utilities Commission (CPUC), PG&E sits as one of the largest combined natural gas and electric energy companies in the United States.

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Customer Spotlight: Ford Motor Company Part 2

In the four decades since Ford Motor Company established a supplier diversity initiative, the automotive giant has made great progress in increasing the number of diverse-owned suppliers within its supply chain. 

In 1999, Ford launched a Tier 2 supplier diversity program with the intent to advance the company's economic impact and help Tier 1 suppliers develop their own supplier diversity initiatives. In 2019, Ford spent $11.1 billion with diverse and small businesses, the most of any automotive OEM. 

Ford is always looking to move the needle as it relates to supplier diversity & inclusion. A new procedure for following up with diverse suppliers launched last year, and in 2020, the company is piloting a new supplier development program called Widening the Inclusion Network (WIN). 

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Customer Spotlight: Ford Motor Company Part 1

Ford Motor Company has a long history of commitment to supplier diversity. The company launched its supplier diversity initiative 1968, and currently includes diverse businesses owned and operated by minorities, women, veterans, LGBTQ, disabled, and small business owners. 

Ford spent $11.1 billion with diverse suppliers and small businesses in 2019, the most of any automotive OEM, relying on these suppliers to bring creative solutions to the table. These diverse businesses are crucial to the company’s competitive advantage. 

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CAIDS Is the New MIDS and What it Means for Insurance Companies

With $310 billion in buying power, California’s insurance industry is the largest in the nation and the fourth largest in the world. In 2011, the State of California established the Insurance Diversity Initiative (IDI) focusing on the collection of diversity data amongst the state’s top insurance companies. From 2012 to 2016 alone, IDI insurers reported a 70 percent increase in spending with California diverse businesses.

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Anchor Strategies in Supplier Diversity

Supplier diversity is a business strategy that ensures a diverse supplier base in the procurement of goods and services for any business or organization. In other words, supplier diversity refers to a supply chain that incorporates businesses owned by diverse individuals or groups.

Though supplier diversity is a well-known industry best practice that speaks to the benefits of small and diverse businesses in a company’s supply chain, it is not the only strategy that does this. B corporations, social procurement, and economic development plans also highlight the need for including small and diverse businesses in the procurement process.  

Recently, a new term has gained momentum in the supplier development industry. Over the past few years, many organizations have adopted “anchor strategies” to invest in their local economy. 

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For over a decade CVM's mission has remained unchanged: lead the transformation of Supplier Diversity program management and support Supplier Diversity programs. CVM helps corporate supplier diversity programs in every stage of their evolution; from those that are just getting started, to the most advanced, world-class programs. Equipped with unparalleled data intelligence, superior technology and expertise guidance, businesses can effectively establish and advance their Supplier Diversity initiatives.