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Wednesday, November 4, 2015

Allstate Hosts Diverse Suppliers For Business Development and Education

Speakers highlight positive impact of diverse suppliers on business
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Leaders from businesses around the country attended the Allstate Supplier Diversity Exchange recently to network and discuss business opportunities. More than 125 diverse supplier attendees from over 50 companies heard presentations from Allstate Insurance Company and outside business leaders. Attendees also participated in business pitching roundtables and educational workshops about information security, the request for proposal process, and stress management.

A highlight of this year’s Exchange included a keynote discussion with special guest, Donna Brazile, which focused on the importance of relationship-building to drive success, particularly as a diverse business owner. As an author, syndicated columnist, and television political commentator, Brazile offered lessons drawn from her personal experience as a successful entrepreneur.

“The Supplier Diversity Exchange provides a unique experience that helps Allstate leverage diverse viewpoints and opinions that create better solutions for our workforce, the marketplace and local communities we serve,” said Cheryl Harris, senior vice president, Sourcing & Procurement Solutions. “The event encourages diverse suppliers to make business connections and learn best practices that will help improve and grow their business.”

The day-long Exchange gave some attendees a chance to participate in an invitation-only, Pitch to Win event. This provided current and potential suppliers a three-minute opportunity to pitch their business directly to Allstate business unit leaders and current Allstate suppliers.

Chicago based, minority-owned company, HotelBlox, is a two-time attendee of the Exchange and participated in the day’s Pitch to Win event.

“It was inspiring to meet and interact with other entrepreneurs who are passionate about their companies,” said Lephate Cunningham, Jr., HotelBlox managing partner and CEO. “I enjoyed the exchanges of wisdom between those of us in the trenches. I think the overall event takeaway that was delivered by the speakers, in the breakouts and networking sessions, was to be keenly knowledgeable of how your product or service can add relevant value and be effective communicating that when the opportunity presents itself. The Exchange provided all of us a unique opportunity to tell our stories directly to Allstate buyers.”

Now in its 8th year, the Allstate Supplier Diversity Exchange included diverse businesses that are certified as minority, women, veteran and LGBT owned. Since its inception, more than 300 companies have attended, 128 participants have had the opportunity to compete for Allstate’s business, and 77 have successfully won contracts. In 2014, Allstate spent $439.6 million with diverse businesses.

More information on the Allstate Supplier Diversity Exchange is available on the Allstate supplier diversity website.

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 auto, home, life and other insurance offered through its Allstate, Esurance, Encompass and Answer Financial brand names. 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 the 20 years since Allstate became a fully independent public company, The Allstate Foundation, Allstate, its employees and agency owners have donated more than $405 million to support local communities.

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Chris Bauer
(847) 402-5600

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