SupplyHive™ Gears Up as McDonald’s Trusted Partner; Chicago-based company opens doors for a more diverse vendor supply chain


SupplyHive™, an innovative provider of Supplier Performance Management (SPM) technology, is gearing up to become a new McDonald’s Corp. trusted partner to help further diversify the restaurant corporation’s vendor supply chain and to open doors for businesses owned by women and/or Black, Hispanic, Asian, Indigenous, Veteran, LGBTQ+, and disabled persons.

CHICAGO (PRWEB) OCTOBER 19, 2021

SupplyHive™, an innovative provider of Supplier Performance Management (SPM) technology, is gearing up to become a new McDonald’s Corp. trusted partner to help further diversify the restaurant corporation’s vendor supply chain and to open doors for businesses owned by women and/or Black, Hispanic, Asian, Indigenous, Veteran, LGBTQ+, and disabled persons.

As an example of its commitment to McDonald’s Mutual Commitment to Diversity, Equity and Inclusion (MCDEI) pledge, SupplyHive’s™ signed the document and further solidified its commitment to the restaurant giant as well as with minorities in the supply chain.

Twenty U.S.-based suppliers are also signatories that are working together with the shared goals of supporting and empowering diverse-owned businesses, creating new pipelines of talent, driving greater innovation and competition, and building economic growth in diverse communities. The McDonald’s U.S. System spent around $14 billion throughout its U.S. supply chain in 2020, including 23% with diverse-owned suppliers. McDonald’s also said in July that it expects to increase purchases of goods and services from diverse-owned suppliers by nearly 10% by 2025.

“Over the past year, McDonald’s has solidified their approach to quantifying their impact to DEI,” says SupplyHive™ President and CEO Lou Sandoval. “We have become a trusted partner and continue to manage their vendors and now we will help them measure their entire network under the MCDEI commitment.”

Becoming a trusted partner shows that McDonald’s sees SupplyHive™ as a mover and shaker in the U.S. marketplace, says Sandoval.

“We have worked with McDonald’s on the vendor management side, and now they are taking us on as a partner to help them measure some of the promises they made regarding diversity, equity and inclusion,” says Sandoval. “While we continue as a vendor, we are now a partner and will be providing them with guidance and advice on how it can grow and make its supply chains more equitable to all groups.”

Read More: SupplyHive™ Gears Up as McDonald’s Trusted Partner; Chicago-based company opens doors for a more diverse vendor supply chain

Diverse Investors Join $2 Million SupplyHive™ Seed Round; Investors Sixty8 Capital, Angeles Investors and Service Provider Capital solidify diversity, inclusion missions


SupplyHive™, a Chicago-based innovative provider of Supplier Performance Management (SPM) technology, announced today that it fully subscribed $2 million in seed funding from three new investors with DNA in diversity and inclusion: Sixty8 Capital in Indianapolis, Indiana, Angeles Investors in Chicago, and Service Provider Capital LLC in Denver.

CHICAGO (PRWEB) OCTOBER 14, 2021

SupplyHive™, a Chicago-based innovative provider of Supplier Performance Management (SPM) technology, announced today that it fully subscribed $2 million in seed funding from three new investors with DNA in diversity and inclusion: Sixty8 Capital in Indianapolis, Indiana, Angeles Investors in Chicago, and Service Provider Capital LLC in Denver.

“The core of each of these new investors shows the power and growth that comes with the application of diversity and inclusion,” said SupplyHive™ President and CEO Lou Sandoval. “We continue to grow our list of enviable brands that will partner with us into the future, starting with their supply chains.”

Sandoval said the SupplyHive’s™ SPM solution offers much-needed transparency to all companies seeking to solidify their diversity, equity and inclusion (DEI) efforts by leveraging performance data to assist in developing suppliers and helping them grow.

“This fosters inclusion that helps large corporations be better partners to diversity and all of their suppliers,” said Sandoval.

Despite an economic-jolting pandemic during 2020, SupplyHive™ subscribed a number of major clients, including Facebook, MARS Global, McDonald’s Corporation, Abbott, BOX, Eaton and First Energy — all taking a leading-edge approach to Supplier Performance Management

SupplyHive™ did not stop there. With the addition of Sixty8 Capital, Angeles Investors, and Service Provider Capital, SupplyHive™ will have the strength to deliver even more. These diverse venture capital firms continue the growing trend in venture-backed start-ups with diverse funds that support diversely founded companies.

“Most of all, they will continue to envision the American Dream with inclusion and opportunity,” said Sandoval.

Read More: Diverse Investors Join $2 Million SupplyHive™ Seed Round; Investors Sixty8 Capital, Angeles Investors and Service Provider Capital solidify diversity, inclusion missions