Today's Date: January 27, 2022
carafem Adds Rhode Island to Growing Number of U.S. States That Can Access Its Affordable, Convenient Abortion Pill by Mail Serv   •   AVYA Skincare Selected as A Brand to Watch in 2022   •   Enterprise Connect 2022 Expands Conference Program, Adding Keynotes from Google Cloud, Microsoft and RingCentral   •   The Estée Lauder Companies to Webcast Discussion of Fiscal 2022 Second Quarter Results on February 3, 2022   •   Leading International Startup Accelerator NUMA New York Is Now WEVE Accelerator   •   Canada and Ontario support the Garden River First Nation Survivors Project   •   Katten Earns Top Score in Human Rights Campaign Foundation's Assessment of LGBTQ+ Workplace Equality   •   Cigna Honored as a "Best Place to Work" With Perfect Score by Human Rights Campaign   •   Sports Illustrated Swimsuit Announces Pay With Change Initiative, Mandating New Standards For Advertising In 2022 Issue: Progres   •   MEDIA ALERT – With the 2022 tax filing season starting next week, taxpayers need to be aware of new complexities   •   Diebold Nixdorf Earns Strong Marks in Human Rights Campaign Foundation's 2022 Annual Corporate Equality Index   •   Cook Center for Human Connection Partners with American Federation of Teachers’ Share My Lesson Platform to Offer Student   •   ZT Corporate Appoints First Female Chief of Staff   •   Kroger Earns Top Score in Human Rights Campaign Foundation's 2022 Corporate Equality Index for Fourth Year in a Row   •   Cambia Health Solutions Earns Perfect Score on 2022 Corporate Equality Index   •   University of Phoenix Sponsors Social Roots Mental Health Summit   •   CNO Financial Group Earns Perfect Score in Human Rights Campaign's 2022 Corporate Equality Index   •   Indigenous Services Canada COVID-19 update - Week of January 27, 2022   •   Expedia Group Reveals Industry Outlook and Predictions for 2022   •   Andersen Corporation Earns 'Best Place to Work for LGBTQ+ Equality' Honor from the Human Rights Campaign Foundation
Bookmark and Share

Minority Supplier Development Council Succeeds in 2009 Despite Recession

 

NMSDC Succeeds in 2009 Despite Recession, Looks Ahead to 2010

 

Business Organization Posted Gains in Year Marked by Economic Downturn

NEW YORK,  -- The National Minority Supplier Development Council, Inc.®, one of the nation's leading corporate membership organizations, weathered the recession in 2009 to end the year strong. The year's highlights include the addition of 30 new national corporate members; the launch of the Australian Indigenous Minority Supplier Council, an organization modeled after NMSDC; and the certification and recertification of 17,000 Asian, Black, Hispanic and Native American businesses.

"The economic downturn in 2009 was difficult for many of our corporate members and minority businesses," said NMSDC President Harriet R. Michel. "Still, our corporate members purchased more than $100 billion in goods and services from our certified MBEs. Even more promising was the resilience our MBEs showed in maintaining their businesses. Many of them thrived in such a challenging climate, and continued to deliver the quality products and services their corporate clients have come to expect. We are looking forward to a great year in 2010 for our corporate members and minority suppliers."

Other news and areas of significant achievement for NMSDC in 2009 include:

Retirement announcement: NMSDC President Harriet R. Michel announced her plans to retire after 21 years, at the end ofJune 2010. A national search is underway for a successor.

A new address: The NMSDC office in New York moved into new office space in June when the lease at its old address expired. The new space at 1359 Broadway is larger to accommodate future staff growth.

International: NMSDC celebrated the establishment of the Australian Indigenous Minority Supplier Council (AIMSC) in 2009. The organization is modeled after NMSDC and promotes the inclusion of Aboriginal business owners in the country's economic mainstream. The Australian government provided $3 million to launch AIMSC. Within the first three months, the organization had recruited 20 corporate members, certified 18 Aboriginal suppliers and posted $3.3 million(Australian) in member spend.

In 2009, NMSDC began working with South African International Business Linkages and the National Business Initiative ofSouth Africa to create a supplier diversity organization there. The South African Supplier Diversity Council (SASDC) launched in January 2010.

MSD China held its first national conference and business opportunity fair. A 22-member NMSDC delegation attended the event, and also met with government officials and corporate executives to generate additional support for MSD China.

Corporate Plus ®: The program maintained its membership, ending the year with 90 National Corporate Plus® members and 50 Corporate Plus® Sponsors. The program continues to provide a broad range of non-traditional and traditional products and services. For the sixth consecutive year, NMSDC held a Corporate Plus® Forum during its annual conference. This year's topic was "What Only a Corporate Plus® CEO Can Do."  

Centers of Excellence: South Central Ohio Minority Supplier Development Council (SCOMSDC) held its commencement exercise in August for nine corporations and 19 MBEs.  Assessment surveys given at the closeout of this module indicated overall improvement in corporate minority supplier development best practices and MBE operations.  Overall, results from the pilot modules and SCOMSDC indicate that participating corporations have improved their best practices rating by 11% and the MBEs improved their business operations assessment by approximately 7%.  Two modules – New York and New Jersey Minority Supplier Development Council and Georgia Minority Supplier Development Council – repeated their involvement in the program and participated in a revenue sharing model.  MBEs joined these modules during 2009.  The Tri-State Minority Supplier Development Council, which services Kentucky and West Virginia, has a COE module that is scheduled to launch in first quarter of 2010.

Learning Events: One of the hallmarks of NMSDC's mission is providing training and learning opportunities through online courses, executive education and seminars. In 2009, hundreds of corporate minority supplier development professionals and minority business owners participated in learning events.

Annual Conference and Business Opportunity Fair: NMSDC's benchmark forum on minority supplier development was held October 25-28 in New Orleans, Louisiana. The annual event continues to attract leading executives in supplier development and supply chain management, as well as chief executive officers from Fortune 500 companies as speakers, facilitators and presenters. In 2009, more than 5,500 executives, MBEs and supplier development professionals attended the conference.

The one-day business opportunity fair – the largest such exposition for minority businesses to meet prospective corporate customers – featured more than 600 exhibit booths. The conference culminated with the presentation of awards to PepsiCo as the Corporation of the Year; Benita Fortner, director of supplier diversity at Raytheon Company as the Minority Supplier Development Leader of the Year; the Georgia Minority Supplier Development Council as Council of the Year; Artech Information Systems, GDKN, MarkMaster and The Voice of your Customer as National Suppliers of the Year; and 12 MBEs as Regional Suppliers of the Year.

Minority Business Leadership Awards Dinner-Dance: Each spring, NMSDC recognizes corporations and minority businesses for their long-term accomplishments in minority supplier development. In 2009, NMSDC presented leadership awards to David B. Dillon of The Kroger Company, and two minority business owners – Alex Lopez Negrete of Lopez Negrete Communications and Mike Ricketts of Quality Packaging Specialists International – at the annual event in May.

Looking Ahead: "While we are keenly aware of economic challenges facing our stakeholders, we profoundly believe in the value minority businesses bring not only to their corporate customers, but also to their communities and the entire nation," said Ms. Michel. "Any economic recovery must include their participation. We count on the continued commitment of our corporate members and on the innovation, solutions and excellent products and services provided by Asian, Black, Hispanic and Native American businesses."

In 2010, NMSDC will host its annual conference and business opportunity fair in Phoenix, Arizona; provide guidance to support of the growth of its International Program, especially the new organizations in AustraliaChina and South Africa; and continue to promote minority supplier development as a valuable business practice.

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 37 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 17,000 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 www.nmsdc.org.

 

SOURCE The National Minority Supplier Development Council, Inc.

RELATED LINKS
http://www.nmsdcus.org



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News