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Albertsons Co. Expands Supplier Diversity Program

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Boise, Idaho-based Albertsons Companies has expanded its Supplier Diversity Program to reaffirm its commitment to diversity, equity and inclusion. The company is seeking to partner and support innovative and diverse suppliers as it hosts its second virtual summit this week.

“Albertsons Cos. is dedicated to providing opportunities to diverse suppliers to grow their business and have their products on more shelves,” said Jonathan Mayes, Albertsons Cos. SVP and chief diversity and inclusion officer. “Through this program, we are able to partner with new diverse businesses that also reflect the diverse communities we serve across the nation.”

One of the biggest challenges for small businesses is access to working capital. Albertsons Cos. offers an expanded early payment program through its partnership with C2FO, a secure online platform that provides funding to qualified, diverse-owned suppliers at lower rates. By making access to working capital more equitable, diverse-owned businesses can alleviate immediate capital challenges.

Albertsons Cos. hosted its first virtual event in May 2021 with nearly 1,000 diverse suppliers interested in partnering with the company. For 2022, Albertsons Cos. will continue its work with ECRM, RangeMe and Quantum to broaden its reach and help identify a diverse group of candidates.

Albertsons Cos. is seeking submissions from suppliers that are more than 50 percent owned and controlled/operated by a U.S. citizen and one of the following categories or ethnicities: African American, Asian American, Hispanic, Native American, lesbian, gay, bisexual, transgender, service-disabled veteran or female.

For more information or to submit your application by the deadline of Feb. 7, visit rangeme.com. Acceptance into the Supplier Diversity Program will be announced in April.

Earlier this week it was reported that two Albertsons Cos. executives will be participating in two of ECRM’s Corporate Social Responsibility Initiatives:

  • Zachary Logan, manager of diversity and inclusion, is scheduled to participate in the ECRM Diversity Week educational/panel discussions being held for April 5-8 – Register here.
  • Suzanne Long, chief sustainability officer, is scheduled to participate in the Retail Sustainability Collaborative educational / panel discussions being held June 20 to 23 – Register here.

To read the full story reported by The Shelby Report, click here.

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