Annual Edition 'Buying Power of
Black America' report breaks down billions in expenditures Black
consumers are responding to tighter economic condition by focusing more of
their spending on items and services that improve their homes and
lifestyle. That's one of the trends revealed in the 15th annual report,
"The Buying Power of Black America," published by Target Market News. The
report analyzes spending for black households in 2008 and finds that
Story continued... _________________
2010 by Target Market News Inc. All rights reserved
228 S. Wabash Ave.
Chicago, IL 60604
Chrysler Group LLC draws 1,500 to its 11th annual minority supplier
(September 16, 2010) Chrysler Group LLC held its eleventh annual
Matchmaker event last week at the company's headquarters in Auburn
Hills. Matchmaker is focused on providing minority-owned, women-owned
and veteran-owned businesses access to Chrysler's Tier 1 suppliers and
the procurement community.
Since Chrysler first launched the Matchmaker event in 1999, it has
become a premier networking event in the automotive supplier diversity
community. This year's event drew more than 1,500 participants,
including minority and corporate exhibitors representing businesses
eligible to support Chrysler and its supply base.
"Chrysler remains as committed as ever to creating a diverse and
sustainable supply base that directly reflects our customer base," said
Dan Knott, Senior Vice President - Purchasing & Supplier Quality,
Chrysler Group LLC. "Matchmaker creates business connections that
ultimately lead to positive economic outcomes for our supplier partners,
our Company, our customers and our communities."
Since 1983, Chrysler has purchased more than $43 billion from
minority-owned companies. The company announced early this year that it
spent $1.6 billion with minority suppliers in 2009, representing 13.4
percent of its total annual purchasing. Although Chrysler's domestic
spend declined in 2009 due to unprecedented market conditions, the
company's overall percentage of minority suppliers within the supply
base actually increased.
Matchmaker also helps Tier 1 suppliers achieve Chrysler's sourcing goals
through certified minority-owned and women-owned suppliers. Current
diversity goals require that 10 percent of a Tier 1 supplier's
procurement buy be sourced to certified minority suppliers. The sourcing
goal for Chrysler Group's women-owned business program is three percent.
"Chrysler Group has developed programs like Matchmaker to build and
strengthen our minority supply base," said Kevin L. Bell, Senior Manager
- Diversity Supplier Development, Chrysler Group LLC. "Chrysler will
continue to create opportunities for minority-owned, women-owned and
veteran-owned businesses because diversity is in the DNA of our company.
Our goal is a well developed, diverse supply chain that is inclusive to
Chrysler Group supports several organizations that assist Tier 1
suppliers achieve their minority-owned and women-owned sourcing goals,
including the National Minority Supplier Development Council, the
Canadian Aboriginal And Minority Supplier Council and the Women's
Business Enterprise National Council. In addition, Chrysler supports
veteran-business ownership through membership with the National
Veteran-Owned Business Association.