FOR IMMEDIATE RELEASE
PRESS CONTACT: Teena Touch
November 1, 2017
NMSDC Awards Honors At Annual Conference In Detroit
At a black-tie Gala wrapping up its annual Conference and Business Opportunity Exchange, held this year in Detroit, October 23-25, the National Minority Supplier Development Council gave out honors to member corporations and minority business enterprises (MBEs) for their contributions to NMSDC’s goals in advancing business opportunities for minority-owned companies of all sizes. Honored as well were ChicagoMSDC, named Regional Council of the Year.
Louis Green, NMSDC’s interim president, congratulated the honorees, saying, “We are pleased and proud to recognize the leaders among our corporate members, and the individuals who work to advance minority supplier diversity and development; and to recognize, too, the outstanding minority business enterprises in our network for their business growth and development, operational success, support of other minority businesses and active participation in the community.”
Recipients of the NMSDC Corporation of the Year Award were Ford Motor Corporation, AT&T and Toyota, recognizing their world-class leadership in categories including: Policies (supplier diversity is a guiding principle within the corporation); Leadership and Engagement; Procurement (showing increases year-over-year); MBE Development (providing development and contracts to MBEs); International Programs (providing global opportunities for MBEs); and Influence (demonstrating leadership in supplier diversity to other corporations).
Other corporations receiving honors for their achievements in minority supplier development included:
In the Gazelle category, recognizing rapid growth, there were 5 companies that had growth rates at a pace of 30% or greater, with an aggregate spend of more than $7 billion with MBEs. These companies are Comcast NBCUniversal, CVS Health, Intel Corporation, Nissan and Wells Fargo.
In the Development category, recognizing development programs with particular emphasis on professional services and non-traditional categories, are Kaiser Permanente and General Motors.
In the Financial category are corporations that have demonstrated a corporate initiative to provide access to capital solutions and unique financial arrangements to minority suppliers to facilitate their business growth and to the expansion of job creation and job retention. Bank of America is honored this year.
The Global Link category recognizes corporations that have a robust global supplier diversity and development program. This year’s awardees are IBM and Ernst & Young.
For the Innovation category, NMSDC recognizes a new corporate method, initiative, or process to accelerate and positively impact minority supplier development – with particular emphasis on professional services and non-traditional categories. Honorees this year are Procter & Gamble and Apple.
These 12 corporations all demonstrated remarkable leadership in supplier diversity, with a combined $35 billion in spend opportunities, shared by more than 3,000 diverse suppliers, spread across 10 industries.
ChicagoMSDC’s award recognizes an exemplary affiliate council that demonstrates the programs, activities and accomplishments which establish it as a model of organization, operation and success. In accepting, ChicagoMSDC’s president Sheila Morgan said, “The Chicago Minority Supplier Development Council is honored to receive this award. It is truly a cooperative effort between our Board of Directors, Corporate Members and MBEs. They continually help us deliver innovative and high quality programs designed to build capacity and increase business opportunities for our MBEs.”
NMSDC’s Conference is the nation’s premier forum on minority supplier development. More than 6,000 corporate CEOs, procurement executives and supplier diversity professionals from the top multinational companies and international organizations, as well as leading Asian, Black, Hispanic and Native American business owners, gathered to re-energize their collective efforts to develop and advocate for more vigorous participation by minority-owned firms in global corporate supply chains. For the host city, Detroit, the economic impact generated by the Conference is considerable: $7.5 million total, including an estimate of more than $1 million in state and local taxes and 1,400+ jobs supported.
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The National Minority Supplier Development Council advances business opportunities for certified minority business enterprises and connects them to corporate members. One of the country’s leading corporate membership organizations, NMSDC was chartered in 1972 to provide increased procurement and business opportunities for minority businesses of all sizes. The NMSDC Network includes a National Office in New York and 23 affiliate regional councils across the country. The network also includes five international partner organizations located in the United Kingdom, Canada, Australia, China and South Africa.
To meet the growing need for supplier diversity, NMSDC matches its more than 12,000 certified minority-owned businesses to our network of more than 1,750 corporate members who wish to purchase their products, services and solutions. NMSDC, a unique and specialized player in the field of minority business enterprise, is proud of its unwavering commitment to advance Asian, Black, Hispanic and Native American suppliers in a globalized corporate supply chain. For more information, visit www.NMSDC.org.