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Colgate's Global Consumer Products Strategy and Supplier Diversity Initiatives

Colgate, a $17.1 billion global consumer products company founded in 1806, employs approximately 38,000 people worldwide and sells products in 223 countries. With four core categories—Oral Care, Personal Care, Pet Nutrition, and Home Care—Colgate focuses on cross-functional collaboration to enhance cost savings, supplier diversity, globalization, and sustainability initiatives. Their Supplier Diversity program aims to integrate diversity into business mandates and expand awareness across functional groups. The vision is to become the best truly global consumer products company while championing supplier diversity.

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Colgate's Global Consumer Products Strategy and Supplier Diversity Initiatives

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Presentation Transcript

  1. Overview • $17.1B global consumer products company, founded in 1806 • 38,000 Colgate people worldwide • Products sold in 223 countries • Four core categories – Oral Care – Personal Care – Pet Nutrition – Home Care

  2. Sales by Geography – Q2 2013 Hill’sPet Nutrition North America 13% 18% GreaterAsia/Africa 21% 19% Europe/South Pacific 29% Latin America

  3. Among the World’s Most Recognizable Brands

  4. Oral Care Personal Care Pet Nutrition Home Care

  5. Strategies for Cross-Functional Collaboration to leverage resources

  6. Supplier Diversity Structure

  7. Organizational Goals • Cost Savings • Supplier reduction • Globalization • Innovation • Community involvement • Sustainability

  8. Internal/External • Internal • Procurement • Categories leaders • Advisory Council • Functional heads • D & I • Advocates • Contributions • Advocates • External • Industry groups • Benchmark data • Councils • Supplier information • ISM • Procurement knowledge • Prime Suppliers

  9. Collaboration Tools • Technology • Emails • Chat rooms • Teleconference • Huddle rooms • Internet • Intranet • Colgate communities • Supplier Diversity Forum

  10. What’s the Plan • Annual/quarterly SD Communication to the Organization • Expand organizational awareness to all functional group heads and training to all in Procurement • Integrate SD into our Business Mandates • Support the Expansion of SD in other divisions • Expand Reporting • Identify the Gaps for opportunities

  11. Strategies • Pre meetings with Category teams and stakeholders • Quarterly Supplier Diversity Forums • Action plans • Supplier Diversity Days • 2nd tier Engagement • Examples and success stories on suppliers capabilities and performance • labels, furniture, capital equipment, advertising

  12. Take Aways • Schedule meeting times with each category team to understand the opportunities/challenges/Key Suppliers • Assign Assignments for greater engagements • Findings and due diligence are done upfront • Stay focused on the goals that support the organization and Supplier Diversity • Follow-up

  13. Colgate’s Vision To Be the Best TrulyGlobal Consumer Products Company

  14. SD Vision To be a World Class Program

  15. Thank you

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