Jackie Sturm, the corporate vice president and general manager of Global Supply Management at Intel Corporation recently announced the company will double its current spend commitment of $100 million with women owned businesses to $200 million.
According to a Business Wire press release, “at the Global Citizen Festival in July 2017, Intel made a commitment to spend $100 million with women-owned businesses around the world by 2020.” In less than 2 years, the company reached the $100 million mark and is now doubling the global commitment “This goal is an important element of the 2015 commitment Intel made to increase spending with diverse suppliers to $1 billion annually by 2020.”
For 2017, Intel’s Supplier Diversity and Inclusion program expanded to reach 20 countries achieving around $650 million in spend with diverse suppliers.
According to Sturm, “Intel is integrating supplier diversity throughout its procurement processes so that diverse-owned businesses will have greater opportunity to compete in the global marketplace. We do this by creating more opportunity and fostering economic empowerment for suppliers and the communities in which they operate. In addition, this work strengthens our competitive edge with a diverse range of suppliers.”
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