SUPPLIER DIVERSITY FOCUS ALIGNS WITH HIGHER PURPOSE
At John Deere we believe we can improve our business while making a meaningful difference in our communities through responsible business practices. This includes fostering an equitable, diverse, and inclusive supply chain. This is why we launched a new supplier-diversity strategy in 2021.
Our new strategy strives to generate economic value and jobs by working with small and/or diverse suppliers, increase competition and reduce risk in our supply chain, and foster innovation and diversity of thought in our business and communities.
To achieve this, we have committed to achieve the following by 2025:
- Spend $500 million with minority-owned businesses
- Spend $1 billion with woman-owned businesses
- Actively grow our relationships with other disadvantaged business enterprises (DBEs), including those owned by veterans, members of the LGBTQ community, individuals with disabilities, small businesses, as well as businesses in historically underutilized business zones.
Our supply management organization is working toward these goals by actively growing our relationships with minority-owned and disadvantaged business enterprises, finding better ways to identify diverse suppliers, and developing a more equitable onboarding process to support a diverse and sustainable supply base.