DEARBORN, Mich. (May 24, 2012) — Ford Motor Company set a new company record in the U.S. last year by sourcing more than $5 billion with minority-owned companies and $1 billion with women-owned firms, reinforcing its leadership position as a strong supporter of supplier diversity.
For the third consecutive year, Ford exceeded its goal of sourcing 10 percent of its U.S. production and nonproduction purchases with diverse suppliers.
In 2011, Ford purchased $5.08 billion in goods and services from its tier-one minority-owned businesses (MBEs), a 34 percent increase from $3.8 billion in 2010. Ford purchased $1.06 billion from its tier-one women-owned businesses (WBEs), an increase of 22 percent from $866 million in 2010. The increases reflect higher vehicle production and incremental new business of $661 million for existing diverse suppliers.
Ford’s commitment to Go Further extends to its entire supply chain network. Ford’s tier-one suppliers spent $1.66 billion with minority-owned businesses in 2011, up from $1.29 billion in 2010.
“Our commitment to minority suppliers remains a top priority,” said Tony Brown, Ford group vice president for Global Purchasing. “At Ford, we believe a diverse supply base provides an opportunity to gain a competitive advantage in a constantly changing multicultural global economy.”
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