Last year, we set a goal of doubling our spend with underrepresented suppliers by 2023, and in 2021 we surpassed it. We started by redesigning our system so that suppliers could voluntarily self-identify as minority-owned businesses.
We also added a questionnaire to our supplier requests for proposals, requesting voluntary disclosure of the supplier’s demographic information. Through this process we were able to confirm that we had a great source of underrepresented suppliers already onboarded. Across our company, we worked to identify and onboard additional diverse suppliers and exceeded our initial spend goal by over $8 million one year ahead of schedule. As a result, we’ve committed to doubling our spend with diverse suppliers again to $30 million by 2025. As part of our industry benchmarking, we are also exploring a global expansion of supplier diversity initiatives, starting in the U.K. later this year.