This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Ford's Award-Winning Supplier Diversity Development Program Exceeds Minority-Owned Business Spending Goals

Stocks in this article: F

DEARBORN, Mich., March 14, 2013 /PRNewswire/ --

  • Ford's Supplier Diversity Development (SDD) program continues to exceed its goals for a diverse business landscape. The automaker annually aims to source at least 10 percent of U.S. purchases from minority, women and veteran-owned businesses
  • In 2012, Ford purchased $5.7 billion in goods and services from minority-owned suppliers and $1.2 billion in goods and services from women-owned businesses
  • Ford is recognized by the Women's Business Enterprise National Council (WBENC) as a leader in developing relationships and partnerships with women-owned businesses. Ford is celebrating its women-owned and operated business partners in March, which is National Women's History Month

Ford's Supplier Diversity Development (SDD) program aims to source at least 10 percent of U.S. purchases from minority, women and veteran-owned businesses annually. And in 2012, the automaker exceeded that goal by purchasing $5.7 billion in goods and services from minority-owned suppliers and $1.2 billion in goods and services from women-owned businesses.

"As the landscape of the country and the world changes, Ford recognizes that the contributions of diverse and veteran entrepreneurs are important to the success of its business," said Carla Preston, Supplier Diversity Development director. "The brand is committed to continuing to strengthen its chain of suppliers through its Supplier Diversity Development program."

Ford's SDD program works with community organizations, trade associations and business leaders to ensure that it continues to represent the interests of diverse businesses.

For the second year in a row, the Women's Business Enterprise National Council (WBENC) has recognized those efforts and awarded Ford for its productive business partnerships with women-owned businesses and for continuing to develop business practices that complement today's marketplace.

"For more than 34 years, Ford has been committed to ensuring a diverse supply chain network," said Tony Brown, group vice president, Global Purchasing. "As Ford continues to strengthen its balance sheet, we are similarly committed to the sustainability of our minority, women and veteran suppliers."

Throughout March, which is National Women's History Month, Ford is proud to celebrate the 150 Women's Business Enterprises (WBEs) and minority-led businesses that provide goods and services to the automaker such as GDC Inc., G-TECH Services Inc. and ETCS Inc.:

  • GDC, owned by Loretta Miller and based in Goshen, Ind., specializes in utilizing green technology (i.e. recycled tires) in plastic and rubber-formed products. GDC helped develop a product using coconut shells and fibers for Ford Super Duty
  • G-TECH Services, a woman business enterprise based in Dearborn, Mich., has been a professional staffing supplier to Ford Motor Company for more than two decades. Under President and CEO Theresa Ghafari, the company has tripled its sales and employee numbers in the last decade alone
  • ETCS, a minority-owned and operated engineering, tooling, components and staffing company located in Troy, Mich., is led by President and CEO Ravi Kapur. ETCS became a new supplier to Ford in October 2012 and provides die design

"As innovators, these business leaders are creating new sustainable products that help us meet our goal to reduce our environmental footprint while at the same time accelerate development of advanced, fuel-efficient vehicle technologies around the world," said Preston. "They have made substantial contributions to Ford's profitable growth. And we expect continued growth with our minority, women and veteran business owners for years to come." 

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,781.18 +3.03 0.02%
S&P 500 2,067.30 +6.07 0.29%
NASDAQ 4,755.5360 +7.14 0.15%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs