BOISE, ID - Increasingly, retailers are evolving their workforce strategies to include elements that support diversity, equity, and inclusion, and Albertsons is one of them. For its fourth year, the company has opened its application process for its Supplier Diversity Program as it seeks to discover, support, and allow diverse-owned suppliers to expand their businesses.
“At Albertsons Cos., we are committed to providing opportunities for diverse entrepreneurs and businesses to successfully grow their brands and sell their products on our store shelves,” said Monique Lanaux, Group Vice President and Chief Diversity, Equity, Inclusion, and Belonging Officer. “Through our Supplier Diversity Program, we are building an inclusive culture in our stores that values diversity and reflects the many communities where we live and serve.”
The application process is now open to diverse-owned suppliers, a release stated. This includes small and mid-size businesses that are at least 51 percent owned, controlled, and operated by women, Black, indigenous and people of color, LGBTQ+, veterans, or people with disabilities who can offer products that appeal to the varied preferences of Albertsons’ diverse customer base.
The program also works closely with diverse business owners to overcome challenges and barriers, including access to working capital. Through Albertsons' continued partnership with C2FO, these brands can receive early payment terms on approved invoices, unlocking fast and flexible access to low-cost capital.
In 2023, nearly 500 businesses submitted applications for the Supplier Diversity Program, and more than 60 diverse-owned brands were selected to meet with the Albertsons merchandising team. As a result, six diverse-owned brands were added to the more than 200 certified diverse suppliers already selling their products nationwide at Albertsons Companies stores.
Interested suppliers should submit their applications online by February 2, and those selected to meet with the company’s team will be notified by February 16. Appointments will be scheduled for early April.
Click here to read more about the program.
Stay tuned to AndNowUKnow to learn how other retailers are working to boost supplier diversity, equity, and inclusion.
