ohnson & Johnson has long recognized that diverse suppliers play an important role in our success. Our award-winning Global Supplier Diversity & Inclusion program, founded in 1998, aims to ensure that businesses with diverse ownership, control or operations become valued partners and grow with Johnson & Johnson.
By 2025, we intend to achieve Global Impact Spending with small and diverse suppliers of $4.5 billion, which is a 20% increase from our 2020 spending. We have many programs that support our spending goals, such as identifying small and diverse suppliers in our worldwide purchasing platform and hosting buyer-supplier matchmaking events. We also help suppliers qualify for our Global Diversity & Inclusion program or help them grow to meet Johnson & Johnson’s needs through mentoring programs and by connecting suppliers to external resources. In addition, we support and partner with more than 30 advocacy organizations around the world to identify diverse suppliers and to support their development.
Increasing our diverse supplier base—and engaging all suppliers on the importance of diversity, equity and inclusion—helps us contribute to improved social and economic outcomes and reflects the diversity of our patients and consumers around the world.