Stellantis launches scheme to develop black suppliers

23 June 2021

Carmaker Stellantis and the US National Business League (NBL) have formed a partnership to develop black supplier businesses for procurement opportunities.

The Stellantis-NBL National Black Supplier Development Program will support the development of more than 2.9m black businesses around the country and internationally for future opportunities in the federal government and public and private sectors.

Over the next three years Stellantis – formed in 2021 by the merger between Fiat Chrysler and Peugeot – will build a virtual training and development portal. This will be opened up to its suppliers, followed by all original equipment manufacturers, the federal government and other public and private companies.

The portal will provide access to capital, mentorship and executive coaching, supplier training and development, bid posting, matchmaking, supply chain solutions, talent placement and acquisition.

Mark Stewart, COO, Stellantis, North America, said the programme was a key part of the company’s corporate diversity, inclusion and engagement strategy to ensure all black businesses and suppliers had a stake in the global market place.

“Post-pandemic and in response to rising demands for social and economic justice for all people, finding equitable and impactful ways to engage and empower black businesses is critical to the sustainable development of black entrepreneurs and communities,” said Stewart.

Stellantis said the Covid-19 pandemic had disproportionately affected black businesses nationally.

The online virtual procurement and contracting marketplace is expected to realise 20-30% of the untapped business potential of black suppliers, Stellantis said.

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