The global healthcare company was honored for implementing a new method, initiative, or process designed to accelerate and positively impact minority supplier development.
NMSDC PRESENTS JOHNSON & JOHNSON WITH INNOVATION AWARD Orlando, Florida, November 6, 2014 – The National Minority Supplier Development Council (NMSDC®) recognized Johnson & Johnson with its Corporate Innovation award at a black-tie awards banquet on Wednesday, November 5, to cap its four-day conference and business opportunity fair in Orlando, Florida.
The award is presented to an NMSDC national corporate member that implements a new method, initiative, or process designed to accelerate and positively impact minority supplier development. The global healthcare company developed a branded strategy for supplier diversity to enhance communications, foster engagement and drive business results. Johnson & Johnson also instituted a Dow Jones-like monthly supplier diversity dashboard that features a visual wheel for each category with indicators of spend performance. The company’s diverse spend has increased more than five percent each year for the last three years.
“Johnson & Johnson’s innovative approach to minority supplier diversity underscores its commitment to the growth and development of Asian, Black, Hispanic and Native American businesses,” said NMSDC President Joset Wright-Lacy. “We are pleased to honor their industry- leading initiatives.”
J&J’s global outreach includes hosting a supplier diversity policy summit at the UK parliament; executing a diversity summit in Australia; offering a mentoring program for small businesses in South Africa; and facilitating programs across Europe, the Middle East and Africa to elevate the economic impact of supplier diversity and inclusion. The first company in its industry to join the Billion Dollar Roundtable for companies that spend at least $1 billion annually with diverse suppliers, Johnson & Johnson was recognized by 23 external partners for supplier diversity in
The National Minority Supplier Development Council advances business opportunities for certified Asian, Black, Hispanic and Native American business enterprises and connects them to its corporate members. One of the country’s leading corporate membership organizations, NMSDC was chartered in 1972 to provide increased procurement and business opportunities for minority businesses of all sizes.
The NMSDC Network includes a national office in New York and 24 affiliate councils across the country. There are 1,750 corporate members throughout the network, including America’s top publicly-owned, privately-owned and foreign-owned companies as well as universities, hospitals and other buying institutions. The affiliate councils certify and match nearly 12,000 minority- owned businesses with member corporations that want to purchase their products, services and solutions.
For more information about NMSDC, call (212) 944-2430 or visit the website at www.NMSDC.org.