As the world's largest retailer, Walmart strives to save people money so they can live better. This mantra is at the core of every decision we make. One way we fulfill this commitment is to embrace diversity in all aspects of our organization; from our talented associates to the supplier partners we work with to deliver the products and services our customers want and need, while fulfilling our business needs.
An important aspect of meeting these needs across Walmart is our Supplier Diversity Program. This program provides companies owned and operated by minorities, women, veterans and people with disabilities equal footing to effectively work with us while at the same time, growing their own business.
We have an existing network of more than 3,000 diverse suppliers, and we continue to look for new partners to help us serve our business and customer needs. When we evaluate suppliers, we are looking for industry expertise and insight, along with the capability to deliver to a company of our size. This means we seek suppliers who are focused on helping deliver our value statement along with product quality, competitive cost and superior service, who understand our business model, have a solid foundation for capacity, and financial stability.
Supplier Diversity: Spotlight on Sutton Ferneries
Michele Sutton, Founder and CEO of Sutton Ferneries, a fern and foliage supplier, attended a Sam's Club Supplier Summit. Michele and our floral buyer connected and worked together to create a greenery program at Sam's Club. This is a big win for both Sutton Ferneries and Sam's Club, and our members love the result.
- In 2012, we spent approximately $11.6 billion with women- and minority-owned businesses. This includes $8.9 billion in direct spending and $2.7 billion in second-tier spending.
- Walmart has pledged to use its global size and scale to empower women across our supply chain. Read more about our Women’s Economic Empowerment Initiative.
- We partner with leading organizations in business diversity to continually identify and reach potential suppliers. These partnerships include the National Minority Supplier Development Council (NMSDC), Women’s Business Enterprise National Council (WBENC), and USLBN Disability Supplier Diversity Program (DSDP).
By working with diverse suppliers, we provide opportunities for significant growth and development to diverse businesses. We offer a broader assortment of products to our customers at prices they can afford, and we contribute to the economic well-being of the communities we serve.