McDonald’s to allocate 25% of supply chain spend toward diverse businesses by 2025

Dive Brief:

• McDonald’s has committed to allocate 25% of its annual supply chain spending in the U.S., or roughly $3.5 billion, for suppliers owned by women and minorities by 2025, the company announced Thursday. The burger giant used 23% of its 2020 supply chain spending of about $14 billion toward these businesses.
• McDonald’s and more than 20 of its largest suppliers have also pledged to deploy annual equity and inclusion training for all employees, to increase minority representation in leadership and to monitor and share the company’s initiatives to better equality.
• The company launched global diversity, equity and inclusion (DEI) benchmarks last summer and hired Reggie Miller as global DEI officer in November. Still, accusations of institutional racism and discrimination at the chain persist.​

Dive Insight:

By extending its diversity goals outward to its supply chain partner strategy and inviting suppliers to join…

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