“Diversity is a core value that helps 3M strengthen our competitiveness and stay relevant. As we drive diversity and inclusion across our enterprise – including in our supply chain – we gain access to new ideas and fresh perspectives, and are better able to serve the needs of our customers and communities around the world. We value the unique contributions made by our diverse supplier base, and look forward to building even more partnerships with woman-owned businesses, minority-owned businesses and small businesses (including Small Disadvantaged, HUBZone, Woman, and Veteran/Service Disabled Veteran) into the future.”
Inge G. Thulin, 3M Chairman, President and CEO
3M is committed to providing small and diverse suppliers equal access to business opportunities. For 3M purposes, a diverse supplier is any supplier who qualifies for one or more of the following classifications: Minority-owned business, Women-owned business, Small Business (including Small Disadvantaged, HUBZone, Woman, and Veteran/Service Disabled Veteran).
3M proactively identifies these suppliers to procure goods and services, strongly encourages the use of diverse suppliers across our Sourcing organization, and proactively reaches out through our involvement with various organizations, including the National Minority Supplier Development Council (NMSDC), Women’s Business Enterprise National Council (WBENC), Metropolitan Economic Development Association (MEDA), Small Business Administration (SBA), and others.
3M establishes goals and regularly tracks the dollar value of goods and services purchased from small businesses and diverse suppliers in concert with goals set annually with the U.S. Federal Government as part of our Subcontracting Plan for Federal Government contracting.
In 2015, 3M spent $1.5 billion dollars with small businesses, representing 27% of our total US domestic spend. We also spent $200 million dollars with diverse suppliers, which represents 3.6% of total US domestic spend.
3M continues to reassess elements of our approach, working across the industry to glean best practices. We remain committed to supporting small business and diverse suppliers and their positive impact on the economic viability of communities.
If you are interested in doing business with 3M, please Introduce Your Company and indicate your diversity classification. This is not a guarantee of future business. You will be contacted by a 3M representative if we find a potential match between your company's capabilities and our business needs.
3M has committed to ensuring diverse participation in all our sourcing activities, including capital projects.
Shaw-Lundquist is one of our preferred construction partners.
“We greatly appreciate the opportunity we were given to work with 3M on the Building 220 Renovations project. 3M’s core values of improving every life through innovative giving in education, community and the environment, aligned effortlessly with our mission of Building Better Lives; resulting in an ideal project team. Their commitment to growth and sustainability has resulted in an increase of project opportunities for Shaw-Lundquist. We really enjoyed working with 3M and look forward to teaming up with them again in the near future!”
–Hoyt Hsiao, President and CEO
3M is proud to be aligned with several Advocacy Partners who help to enhance our Supplier Diversity initiative.
One such partner is The Women’s Business Development Center (WBDC), connecting us with certified women-owned businesses.
“3M supports and partners with the Women’s Business Development Center (WBDC) to identify and procure from nationally certified women-owned suppliers. The WBDC is a 501 (c)(3) and a nationally recognized leader in the field of women’s economic development with the mission to provide services and programs that support and accelerate women’s business ownership and strengthen their impact on the economy by creating jobs, fueling economic growth, and building strong communities. The support of corporate partners is critical in sustaining the work of the organization. 3M’s financial commitment contributes greatly to furthering the mission of the WBDC, while fostering innovation, driving competition, and demonstrating its commitment to the economic growth of all communities."
3M values our supplier relationships and aims to recognize outstanding performance that enables 3M to be a relevant player in the marketplace and share in the company’s vision.
Our 2016 Diversity Supplier of the Year is Petoskey Plastics.
“Earning the Appreciation and Respect of our Customers, Associates and Communities is Petoskey Plastics’ mission. As a Veteran Owned business with Hub Zone status, it is an honor to be awarded by 3M as their Diversity Supplier of the year. The growth we have experienced with 3M over the years is greatly valued and we look forward to further expansion in the future. We respect and appreciate 3M’s commitment to recognizing those who have served our country.”