As part of its commitment to fostering diversity, equity and inclusion, Albertsons announced its annual application process for certified diverse-owned suppliers. The program is designed to identify and support diverse-owned suppliers looking to grow their business with Albertsons and its stores.
The application process is open to certified diverse-owned suppliers, which include individual, small and mid-sized businesses that are at least 51% owned, controlled and operated by women, Black, indigenous and people of color, LGBTQ+, veterans or people with disabilities who can offer products that appeal to the varied tastes and preferences of a diverse customer base.
The Albertsons Supplier Diversity Program works with diverse businesses to overcome various barriers to entry. For many small and medium-sized businesses, access to working capital is critical to ensuring their operations grow and thrive. Through a collaboration with C2FO, diverse-owned businesses can receive early payment terms on approved invoices, unlocking access to low-cost capital on demand, the company noted.
“We believe that when we support and work with underrepresented businesses, we create an inviting grocery store experience that brings people together around the joys of food,” said Monique Lanaux, group vice president and chief talent and diversity officer. “Diverse suppliers enable us to continually deliver product innovation and cultural relevance to our shelves, ensuring our curated local assortments are inclusive of the diverse communities we proudly serve.”
Qualified diverse business owners interested in having their products considered for one or more of Albertsons’ banners including Albertsons, Safeway, Vons, Jewel-Osco and Shaw’s should submit their application online by Jan. 23.