Albertsons Companies announced its annual application process for certified diverse-owned suppliers is open for submitting their applications. The program is designed to identify and support diverse-owned suppliers looking to grow their business with Albertsons and its stores.
According to the supermarket chain, the application process is open to certified diverse-owned suppliers. These include individual, small and medium-sized businesses that are at least 51% owned, controlled, and operated by women, blacks, Native Americans 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 Cos. Supplier Diversity Program also 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.
Related Article: Albertsons Boosts its Supplier Diversity Program with More Access to Working Capital
“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, GVP and Chief Talent & Diversity Officer. “Diverse suppliers enable us to deliver product innovation and cultural relevance to our shelves continually, 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 Cos. banners such as Albertsons, Safeway, Vons, Jewel-Osco, and Shaw’s should submit their application online at rangeme.com/albertsonsdiversityprogram23 by Jan. 23.
Albertsons Companies operates 2,270 retail food and drug stores with 1,720 pharmacies, 402 associated fuel centers, 22 dedicated distribution centers, and 19 manufacturing facilities. The Company has stores across 34 states and the District of Columbia with 24 banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci’s Food Lovers Market.