INTRODUCTION
OPERATIONAL EXCELLENCE
PEOPLE-FIRST CULTURE CUSTOMER-CENTERED INNOVATION
GRI INDEX
Networking Events for Supplier Diversity
Additional areas of focus in 2023 included: • Expanding our global search for women-owned businesses to cater to our site in Mexico • Hosting a booth at the National Minority Supplier Diversity Council (NMSDC) national trade show • Increasing proactive engagement in outreach efforts, including sending out more than 500 requests for information, vetting more than 90 suppliers, and approving eight new suppliers • Strengthening existing collaborations with diverse suppliers • Increasing diverse spend in the machining category
INTENTIONALLY EXPANDING SUPPLIER DIVERSITY We seek supplier relationships with minority-, woman-, veteran-, and LGBTQ+-owned businesses, as well as with local and small businesses in the communities where we operate. Through our Supplier Diversity Program, we explore ways we can advance economic empowerment and build strong business relationships. Our Supplier Diversity Policy is a core element of our sourcing strategy and helps us identify opportunities to increase spending in diverse supplier categories.
In 2023, S&C hosted an on-site and virtual outreach event with guest speakers from the Chicago Minority Supplier Diversity Council (ChicagoMSDC) and NMSDC. Twenty-three suppliers participated in the event, which sparked conversations and encouraged new providers to begin the supplier assessment process. We also attended two outreach events hosted by ChicagoMSDC and NMSDC. In 2024, we will continue participating in additional events and building on the connections we have made to identify new diverse suppliers.
In 2023, 1.8 percent of S&C’s total spend was with Tier 1 diverse suppliers. Our goal is to double this percentage by 2025.
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