Best Buy partners with RangeMe to boost supplier diversity
Best Buy partners with RangeMe to boost supplier diversityPublished 12/14/2021
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. The goal is to create a stronger community of diverse suppliers and to help increase BIPOC representation in the tech industry.
“Simply put, there’s not enough diverse representation in our industry right now, and we are dedicated to changing that,” said Mark Irvin, our chief inclusion, diversity and talent officer. “RangeMe will be incredibly helpful as we continue to partner with more of these immensely talented diverse-owned and operated businesses.”
Building a stronger community of suppliers
In June, we made a big promise that we would do better at working with diverse suppliers throughout our company. We committed to spending at least $1.2 Billion with Black, Indigenous and people of color (BIPOC) and diverse businesses by 2025 – so we can help increase BIPOC representation in our company and the communities we serve. Partnerships like these help us in our efforts to create a stronger, more vibrant community of diverse innovators in the tech industry.
We’ve also committed to 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 technology.
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