Surpassing its global impact spend goal, Johnson & Johnson galvanizes efforts to achieve an even more inclusive supplier network

The events of 2020 were especially unkind to small and women- and minority-owned businesses, who were heavily impacted by COVID-19, labor disruptions and supply challenges. Despite these headwinds, Johnson & Johnson set a Health for Humanity 2025 Goal to directly and indirectly spend $4.5 billion with small and diverse suppliers globally. We exceeded this stretch target in one year—spending $5.2 billion with Tier 1 and Tier 2 suppliers in 2021

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“This achievement is the culmination of years of determined focus and effort, combined with strategies that highlighted the importance of a diverse supply base across our company and around the world,” said Len DeCandia, Chief Procurement Officer. “It would have been easy to deprioritize supplier diversity during the many disruptions over the past few years - but our Johnson & Johnson community saw the opportunity and power of working together for growth and good.”

Highlights of the company’s 2021 supplier diversity and inclusion journey include:

• Increasing spending with U.S. Black- and Hispanic-owned businesses by 31%,
• Purchasing from more than 600 women-owned businesses globally.
• Leveraging technology to make it easier to buy from diverse suppliers, we expanded our innovative Buy Diverse program in the United States to include all diverse suppliers and launching the program in China and Brazil,
• Launching the Global Supplier Diversity & Inclusion program in India and Turkey, expanding our work to 19 countries.

Also, for the 10^th consecutive year, Johnson & Johnson maintained membership in the Billion Dollar Roundtable, a group of companies that advance best practices for supplier diversity and that spend at least $1 billion (Tier 1) annually with certified minority-, women-, veteran-, LGBT- and disability-owned businesses.

Johnson & Johnson has long recognized the important role diverse suppliers play in its success and has fully integrated supplier diversity and inclusion into its procurement and business strategies. The groundwork laid over the last two decades has paved the way for the company’s record spend in 2021, when multi-year supplier diversity strategies came to fruition.

The company will continue to grow and enhance its supplier diversity programs with a focus on driving impact across our entire our value chain by helping our suppliers develop their own supplier diversity programs.