Albertsons announced Friday the opening of its annual application process for certified diverse-owned suppliers. The program is designed to identify and support those looking to grow their business with Albertsons Cos. suite of stores including Albertsons, Safeway, Vons, Jewel-Osco, and Shaw’s.
The application process is open to certified diverse-owned suppliers, which include individual, small, and mid-sized 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 tastes and preferences of a diverse customer base.
The Albertsons Cos. Supplier Diversity Program also works to overcome various barriers to retail entry for diverse makers, often in the form of access to working capital. Through a collaboration with fintech firm C2FO, diverse-owned businesses can receive early payment terms on approved invoices, unlocking access to low-cost capital on demand.
“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 and diversity officer, in a statement. “Diverse suppliers enable us to continually deliver product innovation and cultural relevance to our shelves, ensuring our curated local assortments are inclusive of the diverse communities we proudly serve.”
Qualified diverse business owners interested in having their products considered should apply by January 23.
Related: The Fresh Market Leverages VoCoVo; Hannaford Adds Store, Upgrades Eight