This week, Intel announced a commitment to spend $100 million with women-owned businesses around the world over the next three years. Intel made this announcement on stage at the 2017 Global Citizen Festival in Hamburg, Germany. Intel believes supporting inclusive sourcing in its supply chain can help to foster economic empowerment within underrepresented minority groups. Intel has been doing such efforts since 2015, when pledged to increase spending with diverse suppliers to $1 billion annually by 2020.
“Diversity and inclusion are critical underpinnings to our constantly evolving culture at Intel,” said Barbara Whye, Intel chief diversity and inclusion officer and vice president of Human Resources. “They accelerate our ability to consistently innovate and drive the business forward. Supplier diversity adds tremendously to our competitive advantage while stimulating growth in a global marketplace.”
Intel is also sponsoring diverse entrepreneurs around the world to attend special educational programs focused on helping diverse businesses. There are currently 18 countries included in Intel’s global diverse supplier program.
