Saturday, July 8, 2017

Intel Commits to Spend $100 Million with Women-Owned Businesses Around the World

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, alongside IBM* and Pfizer*, who made similar commitments. Intel believes that inclusive sourcing in its supply chain can help to foster economic empowerment within underrepresented minority groups. This announcement contributes to the 2015 commitment Intel made to increase spending with diverse suppliers to $1 billion annually by 2020. Intel knows that diverse owners hire from and spend in diverse communities. Intel is integrating supplier diversity throughout its procurement processes so that diverse-owned businesses will have greater opportunity to compete for business.