Supplier diversity Archives - Best Buy Corporate News and Information

By Ale Valeriano Company News

14 Dec: Best Buy partners with RangeMe to boost supplier diversity

Best Buy is taking another step in our push to work with a more diverse range of suppliers.

We’re partnering with RangeMe, an online sourcing platform that connects us with more than 200,000 potential brands and their products, to expand our network of diverse-owned and operated suppliers. RangeMe will help us discover and connect with a wide variety of brands to bring new products to our customers online and in-store.

This builds on our commitment to spend at least $1.2 billion with Black, Indigenous and people of color (BIPOC) and diverse businesses by 2025.

By Ale Valeriano Company News

05 Aug: Best Buy commits up to $10M investment with Brown Venture Group for BIPOC startups

Investment is the latest example of Best Buy’s commitment to increase BIPOC representation, both inside the company and within the tech industry

Commitment aims to build a diverse tech ecosystem by breaking down systemic barriers to funding and empowering the next generation of entrepreneurs

Last year, Best Buy committed to “do better,” and now we’re taking the next step in delivering on that promise. We are investing up to $10 million with Brown Venture Group, a venture capital firm that focuses exclusively on Black, Latinx and Indigenous technology startups in emerging technologies.

By Best Buy Company News

24 Jun: Best Buy commits to spending $1.2B with BIPOC and diverse businesses by 2025

Company to invest in supporting BIPOC businesses and communities and increasing diverse representation throughout the tech industry

MINNEAPOLIS (June 24, 2021) – Best Buy is committing to spending at least $1.2 billion with BIPOC and diverse businesses by 2025. This pledge includes plans to increase all forms of spending with Black, Indigenous and people of color (BIPOC) businesses from nearly every corner of the company — from how it brings goods and services to stores to its supply chain to where and how it advertises.