Zero Barriers: Medtronic Supplier Diversity Efforts Go Global
Excerpts from the 2021 Medtronic Inclusion, Diversity & Equity Report
Amplifying our impact beyond Medtronic
We know we cannot break down systemic inequities if we are focused only on change within our organization. To create real change, we must address the barriers that impact our industry and communities we serve. That is how we will amplify our impact beyond Medtronic.
Our diverse supplier base drives sustainable economic change in communities with every contract signed and every job created. We’re advancing gender and ethnic diversity in science, technology, engineering, and mathematics (STEM) careers to help ensure talent reflects the populations we aim to serve. And we’re taking an active role in partnering to reduce healthcare disparities.
Our supplier diversity efforts go global
At Medtronic, we partner with diverse-owned suppliers to help bring our lifesaving technologies to patients who need them all over the world. We are honored to be named No. 3 on the DiversityInc Top Companies for Supplier Diversity list — and are motivated to expand our impact further around the globe.
In 2021, we launched our International Diverse Supplier program in the Europe, Middle East and Africa (EMEA) and Latin America (LATAM) regions. Although still in the early stages, we are focusing on partnering with women-owned businesses in those regions.
Working with diverse-owned businesses is not about altruism or compliance. It is about stimulating long-term economic impact by creating jobs and opportunities for the underserved communities. In the U.S. alone, we supported nearly 28,000 jobs for small and diverse-owned suppliers and stimulated $4.3 billion in economic production activity. Building economic opportunity creates avenues to wealth, education and improved health for generations to come.
Spotlight: Masoom Training Solutions
- Masoom is a woman-owned, Black-owned business in Johannesburg, South Africa.
- It provides human resources training to Medtronic and is one of our first global diverse suppliers.
- Partnering with suppliers like Masoom improves our competitiveness in the local market and provides businesses like Masoom more opportunities to grow, ultimately creating local economic impact.