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P&G Recognized For Minority Support

December 5, 2013

Spends $2 billion with minority and women-owned suppliers.

For business practices that have had a significant impact on the growth and development of minority-owned firms, Procter & Gamble received the Distinguished Supplier Diversity Award from the US Department of Commerce's Minority Business Development Agency (MBDA). During the past six years, P&G has spent over $2 billion with minority and women-owned suppliers, and the company works about 850 minority businesses that provide it with products and services that range from ingredients and packaging, to information technologies, construction, marketing, and logistics.
 


“The variety of companies that make up our supply bases provides a richness and range of capabilities that enhance our ability to meet consumers’ needs and deliver demonstrable competitive advantage to our business clients,” observed Rick Hughes, chief  purchasing officer, P&G.


According to the US Department of Commerce, minority-owned businesses play a hugh rule in the US economy, with enterprises that include everything from Main Street cornerstones that sustain communities to global firms that drive innovation in the industries of tomorrow, these businesses employ almost six million US residents and contribute $1 trillion to the economy every year.


 

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