History

PepsiCo’s supplier diversity program formally launched in 1982. Its intent was sourcing diverse suppliers who could provide our company with high quality goods and services at competitive prices. In the first year of our program we reported $5 million dollars with minority and women-owned entrepreneurs (MWBEs). In 2016 alone we spent a total of over $1.4 billion with MWBEs. Since we started our Supplier Diversity program 35 years ago, we have spent a total of over $22.3 Billion with MWBE suppliers. We are proud to say that we utilize MWBEs in virtually all areas of our company. We also take pride in developing MWBEs to be successful not only within our company but in all aspects of their business. Our supplier diversity program has allowed our company to engage in the economic development of our communities. We are proud of our successful experiences with the many diverse companies that add measureable value and performance to our business environment. PepsiCo’s comprehensive strategy for integrating these businesses into the supplier development process supports our supply chain efficiency and effectiveness, as well as the company’s bottom-line. We have diverse suppliers with which our relationship spans over 25 years of effectively adding value to our supply chain.

PepsiCo has also established a strong Tier 2 program. We engage our Prime (non-diverse) suppliers in this important objective. We believe that for our prime suppliers, the most effective way to share our diversity values is to provide goods and services to PepsiCo incorporating diverse firms in their supply chain. As part of our long-term strategic plan, it is our intention to continue expanding the establishment of diverse spend targets on contracts with Prime suppliers.

History

© 2020 PepsiCo | All rights reserved