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Wednesday, October 8, 2014

Supplier Diversity Exchange Builds Foundation For inclusive Business Development

Allstate Hosts Event to Develop Procurement Opportunities for Diverse Suppliers

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Sixteen diverse small businesses from around the country will meet on October 13 at Allstate’s headquarters to network and pitch their business to Allstate leaders and Allstate’s prime supplier partners.

The Allstate Supplier Diversity Exchange, now in its 7th year, brings diverse businesses together to learn about opportunities to work with Allstate and its suppliers and compete for a chance to win business. New to the program this year is a fast-paced business pitch format where each of the companies will have 10 minutes to present their product or service.

"We’ve seen continued interest from our network of diverse suppliers for this event over the years and it’s a great way for Allstate to build relationships," said Cheryl Harris, Allstate’s senior vice president of Sourcing & Procurement Solutions. "Having the right relationships is often a major obstacle for diverse business owners and the opportunity to pitch their product or service increases visibility, potentially leading to future business."

The Exchange accepts applications from businesses that are certified as minority, women, veteran and LGBT owned. Since its inception more than 100 participants have had the opportunity to compete for Allstate’s business, and over half have successfully won contracts.

"Allstate’s Supplier Diversity Exchange not only gives us access to decision makers within the organization but also allows us to interact with diverse suppliers with whom we may partner to further enhance our business," said Linda Sullivan, president of Administrative Strategies - a 2013 participant in the Exchange and 2014 planned attendee.

The Allstate Supplier Diversity Exchange has built a strong foundation for an inclusive environment and creates opportunities for all while developing longstanding relationships. With commitment from top management down, the company has highlighted the important role that diversity and inclusion has today, and will continue well into the future. In 2013, Allstate spent $409.1 million with diverse businesses.

The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer, protecting approximately 16 million households from life’s uncertainties through its Allstate, Encompass, Esurance and Answer Financial brand names and Allstate Financial business segment. Allstate is widely known through the slogan “You’re In Good Hands With Allstate®.” The Allstate brand’s network of small businesses offers auto, home, life and retirement products and services to customers in the United States and Canada. In 2013, The Allstate Foundation, Allstate, its employees and agency owners gave $29 million to support local communities. Allstate employees and agency owners donated 200,000 hours of service across the country.

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Chris Bauer

(847) 402-5600


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