NMSDC Names PepsiCo Corporation of the Year |
Top Minority Businesses also Honored
NEW ORLEANS, Oct. 29 /PRNewswire/ -- The National Minority Supplier
Development Council (NMSDC) honored PepsiCo with its prestigious
"Corporation of the Year" Award on October 28, at the Awards Banquet
capping its annual conference. The company was among 73 nominees vying for
the award that recognizes a corporate member's exemplary achievements in
minority business development.
NMSDC's Corporation of the Year award is regarded as the most
significant honor to a major corporation for the utilization of Asian,
Black, Hispanic and Native American suppliers. In winning the award,
PepsiCo demonstrated exceptional strength in areas critical to continuously
improving a minority supplier development process.
Supplier diversity objectives are part of PepsiCo senior management's
performance goals. The company has a cross-functional Supplier Diversity
Executive Council to ensure sustained growth and development in the
supplier diversity arena. In 2008, PepsiCo spent $614 million with nearly
400 NMSDC-certified minority businesses. Its first-tier spend increased 10
percent over 2007, despite the downturn in the economy. The company's
combined first- and second-tier spend totaled more than $900 million.
"PepsiCo has long embraced forward-thinking procurement principles so
that excellent minority-owned businesses have more opportunities to
participate in its supply chain," said NMSDC President Harriet R. Michel.
"In a year of belt-tightening for many corporations, PepsiCo maintained its
solid commitment and continued to rely on the value strong minority
businesses bring to the corporation."
PepsiCo established an endowment with NMSDC that continues to fund
annual scholarships for minority business owners to attend the
organization's Advanced Management Education Program at Northwestern
University's Kellogg School of Management. Additionally, PepsiCo
participates in the NMSDC Centers of Excellence, a capacity-building
initiative featuring a network of local corporations and minority firms
working together to enhance the minority supplier development process by
implementing NMSDC best practices. PepsiCo is also a sponsor of NMSDC's
Corporate PlusŪ Program, a designation for minority businesses that have
demonstrated success in handling national contracts.
The corporation is active with a number of NMSDC Regional Councils, the
Business Consortium Fund - NMSDC's financing arm - and NMSDC's
International Program. PepsiCo was a founding member corporation of the
Canadian Aboriginal and Minority Supplier Council (CAMSC) - a Canadian
organization modeled after NMSDC. PepsiCo is also active in Minority
Supplier Development United Kingdom (MSDUK), the NMSDC counterpart
organization in the United Kingdom.
NMSDC also presented awards for individual leadership in minority
supplier development, Suppliers of the Year and Regional Council of the
Year.
Benita Fortner, director of supplier diversity at Raytheon Company,
received the Minority Supplier Development Leader of the Year award in
recognition of innovative minority supplier development activities and
exceptional leadership across industry groups and around the country.
Four top minority businesses were recognized as National Suppliers of
the Year for excellence in business acumen and community service. They are:
The Voice of Your Customer, a marketing and consulting firm in Cincinnati,
Ohio, in the category for businesses with sales less than $1 million;
information technology software consulting company General Data
Kommunications and Networking of Pembroke Pines, Florida, among firms with
$1 million to $10 million in sales; MarkMaster, a Tampa, Florida-based
stamping and sign company in the category for businesses with sales between
$10 million and $50 million; and Artech Information Systems, an IT staffing
and consulting firm based in Cedar Knolls, New Jersey, for firms with sales
greater than $50 million.
Twelve minority businesses were honored as Regional "Suppliers of the
Year." They are APR Consulting, Diamond Bar, California; BKW Transformation
Group, Piscataway, New Jersey; DFW Urgent Care, Hurst, Texas; Group O,
Milan, Illinois; MedSafe, Inc. (dba Medsafe-Equimed), San Juan, Puerto
Rico; NK David Constructors, Mission Hills, California; PLM Staffing
Systems, Royal Oak, Michigan; Primera Engineers, Chicago, Illinois; River
City Furniture, West Chester, Ohio; Sugar Bowl Bakery, Hayward, California;
Virtelligence, Eden Prairie, Minnesota; and ZeroChaos, Orlando, Florida.
The Georgia Minority Supplier Development Council earned Council of the
Year honors for providing stellar services to hundreds of corporations and
minority businesses in Georgia.
Benita Fortner and James Lowry, an authority on minority business
development, received Special Appreciation Awards for their long-standing
accomplishments in minority supplier development and volunteer leadership
with NMSDC.
About NMSDC
Providing a direct link between corporate America and minority-owned
businesses is the primary objective of the National Minority Supplier
Development Council, one of the country's leading business membership
organizations. It was chartered in 1972 to provide increased procurement
and business opportunities for minority businesses of all sizes.
The NMSDC Network includes a national office in New York and 38
Regional Councils across the country. There are 3,500 corporate members
throughout the network, including America's top publicly-owned,
privately-owned and foreign-owned companies as well as universities,
hospitals and other buying institutions. The Regional Councils certify and
match more than 15,000 minority-owned businesses with member corporations
that want to purchase their goods and services.
For more information about NMSDC, call (212) 944-2430 or visit the Web
site at http://www.nmsdc.org.
SOURCE National Minority Supplier Development Council
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CONTACT:
Kim Brown, +1-212-944-2430,
kim.brown@nmsdc.org
