The Philadelphia, Pa.-based, global foodservice management company (NYSE: ARMK), with annual sales of $16.2 billion, said the partnership furthers its commitment to increase overall spend with small and diverse suppliers to 25 percent by 2025.
Aramark defines a “diverse business” as one that is 51 percent owned and controlled by women, ethnic minorities, veterans, LGBTQ, or disabled person(s).
Aramark’s supply chain already includes more than 6,000 small or diverse suppliers, about 18 percent of which are third-party certified as diverse.
“We believe our supplier base should reflect the diversity of our employees, clients and customers,” said Autumn Bayles, Aramark’s vice president of global supply chain. “Partnering with local, small and diverse suppliers drives economic impact, delivers valuable insight into local market trends and helps us supply products and services that are culturally relevant for our consumers.”
Last year, Aramark’s supplier diversity initiatives supported more than 14,000 jobs across the United States, for a total economic impact of $1.9 billion.
“Aramark has done an outstanding job demonstrating their support and appreciation of diverse businesses and third-party certification,” said Heather Cox, co-founder and president of Henderson, Nev.-based Certify My Company.
Aramark also said it would sponsor Centers of Excellence (COE) programs through regional affiliates of the National Minority Supplier Development Council. Examples include the Eastern Minority Supplier Development Council (EMSDC), which certifies and matches minority-owned businesses with local member corporations.
The COE programs will promote supplier diversity best practices, knowledge-sharing and procurement opportunities for minority businesses of all sizes, and will provide Aramark team members, specifically those in Aramark’s Employee Resources Groups, with opportunities to mentor emerging Minority Business Enterprises.
Aramark is a member of the National Minority Supplier Development Council (NSMDC), Women’s Business Enterprise National Council (WBENC) and Disability:IN.