Looking to join Albertsons’ ever-expanding network of suppliers? The chance is here! The retailer recently opened the application process for its fourth annual Supplier Diversity Program as it seeks to discover, support, and allow diverse-owned suppliers to expand their businesses.
“At Albertsons Cos., we are committed to providing opportunities for diverse entrepreneurs and businesses to successfully grow their brands and sell their products on our store shelves,” said Monique Lanaux, Group Vice President and Chief Diversity, Equity, Inclusion, and Belonging Officer. “Through our Supplier Diversity Program, we are building an inclusive culture in our stores that values diversity and reflects the many communities where we live and serve.”
The application process is now open to diverse-owned suppliers; this includes small and mid-size businesses that are at least 51 percent 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 preferences of Albertsons’ diverse customer base.
As a press release stated, the program also works closely with diverse business owners to overcome challenges and barriers, including access to working capital. Through Albertsons' continued partnership with C2FO, these brands can receive early payment terms on approved invoices, unlocking fast and flexible access to low-cost capital.
Interested suppliers should submit their applications online by February 2, and those selected to meet with the company’s team will be notified by February 16. Appointments will be scheduled for early April.
In 2023, nearly 500 businesses submitted applications for the Supplier Diversity Program, and more than 60 diverse-owned brands were selected to meet with the Albertsons merchandising team. As a result, six diverse-owned brands were added to the more than 200 certified diverse suppliers already selling their products nationwide at Albertsons Companies stores.
Click here to read more about this advantageous supplier program.
As more products land on shelves at Albertsons, DMN will be here with the latest updates.