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Covestro Announces Supplier Diversity Program

Thursday, May 16, 2019

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Global high-performance polymers company Covestro (Pittsburgh) recently announced the launch of a new supplier diversity program.

Based in the North America market, the program aims to “open the door for small and diverse organizations that have an interest in doing business with the global high-tech materials provider, which has operations throughout the United States and Mexico.”

JohnWilliamDoe, CC-BY-SA-3.0, via Wikimedia Commons

Global high-performance polymers company Covestro (Pittsburgh) recently announced the launch of a new supplier diversity program.

Through an online portal, potential suppliers can register for the opportunity to compete for Covestro’s business, according to the company. Covestro then uses that same portal to look at potential vendors.

“We believe that our supply base should reflect our company values and the diversity of the communities where we live and work,” said Stacey Vigliotti, head of business procurement services at Covestro LLC.

“Our supplier diversity program paves the way by giving us a platform to connect with smaller, historically disadvantaged firms that share our passion for sustainability and innovation.”

There are a few eligibility requirements for the portal, however.

“Our North American supplier diversity program is geared toward small, disadvantaged and/or diverse firms, including certified women-, minority-, LGBTQ-, veteran- and HUBZone-owned businesses,” the hub notes. “All of our suppliers must meet the same strategic qualification requirements of innovation, cost transformation, reliability and sustainability.”

An organization qualifies for the supplier diversity program if it meets criteria including:

  • Be certified by a recognized third-party organization;
  • Produce a commodity/service that Covestro purchases; and
  • Have the capacity to meet procurement needs.

“We often look to our suppliers and business partners to bring new ideas and fresh insights to the table,” said Haakan Jonsson, President and Managing Director of Covestro LLC.

“And we believe that everyone should have a seat at that table. By formalizing our commitment to supplier diversity, we aim to build relationships with forward-thinking, collaborative suppliers that want to grow with Covestro.”

   

Tagged categories: Business matters; Business operations; Covestro; Good Technical Practice; NA; North America

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