PepsiCo's Supplier Diversity Program Celebrates 40th Anniversary
Company commits to spending more than $400 million annually with Black and Hispanic-owned suppliers
PepsiCo is celebrating the 40th anniversary of its Supplier Diversity Program, where it currently spends more than $1 billion annually with certified, diverse suppliers, including Women, Black, Hispanic, Asian, LGBTQ+, Native American, Individuals with Disabilities, and US Veterans.
The anniversary commemorates a milestone for the company, from an initial spend of $5 million in 1982 to nearly $30 billion spent over the past 40 years across PepsiCo's entire value chain. The company is also committing to expanding its base and increasing overall spend through new forums, mentorship, partnerships and resources, including increased support around the supplier certification process to help businesses grow and sustain their economic impact for years to come.