Annual Report Transformation
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Transformation 2013 Annual Report Advancing Business Connections That Count 3 .. TOC Table of Contents Message from the President ............................................................................................. 4 Our Mission ................................................................................................................. 7 NMSDC by the Numbers ............................................................................................... 8 Highlights: 2013............................................................................................................12 2013 In Pictures ........................................................................................................... 20 Our 2013 Supporters .................................................................................................... 22 MBE Pro les ................................................................................................................ 26 Corporate Pro les ......................................................................................................... 32 NMSDC Leadership ...................................................................................................... 46 National Corporate Members......................................................................................... 50 Af liate Councils ......................................................................................................... 54 A Glimpse of 2014 ..................................................................................................... 58 Financials .................................................................................................................... 68 3 AA-NMSDC-AP-7.5x11.indd 3 10/30/14 4:10 PM Message from the President Five-Year Throughout 2013, powerful change began to It provides more balanced funding from the Strategic Plan reshape the National Minority Supplier Develop- national office to the affiliates, and it will be ment Council (NMSDC®) – the kind of change supported by a 10 percent increase in national that will transform our ability to meet the existing corporate member dues that became effective and emerging needs of our nearly 13,000 Asian, in January 2014. Black, Hispanic and Native American suppliers and 1,750 corporate members to remain the Another part of the strategic restructuring is an leader in minority supplier development. ongoing review of the effectiveness of NMSDC’s delivery of programs and services, as well as This transformation is part of an ambitious five-year an assessment of any new programs and ser- strategic plan we developed with our stakeholders vices that might benefit our stakeholders. from across the organization. At the same time, our Technology Modernization As we enter our fourth decade, NMSDC’s mission team has been at work improving support for a is unchanged: to advance business opportunities true enterprise network to support our strategi- for certified MBEs and connect them to corporate cally restructured network. Our proprietary members. Our vision is to be the leader in advanc- database of certified MBEs has been revamped ing minority suppliers to help corporations meet and updated, and a database matching service their global supply chain needs. for corporate members is now operational. Supporting both is our demonstrated excellence This fee-based service compares a corporate in four core capabilities: member’s minority supplier database with NMSDC’s database, ensuring the authenticity 4 Certify of a supplier’s minority status. 4 Develop 4 Connect NMSDC’s stakeholders are already seeing 4 Advocate the benefits of these changes. Throughout this process, our goal has been to implement and The most striking evidence of change is in the coordinate the changes throughout our organiza- restructuring and streamlining of our national tion, in every detail, while sharpening our focus network. Acting on the recommendations of a on our unchanging mission: to advance business study by Accenture, our affiliate regional council opportunities for minority suppliers in the global presidents, their board chairpersons, corporate corporate supply chain. members and MBEs worked together to devise a new affiliate map with 24 council areas, instead We at NMSDC look back on 2013 with of the 36 that existed before. The impacted great satisfaction in what was accomplished affiliates worked together to determine the new and are inspired by what this transformation consolidated entity, its leadership and staffing. promises – a new momentum for the work that turns vision into action, a new energy for our The new network was unveiled in January 2014. enduring mission. To support the network and position it for maximum success, we developed a new funding model. 4 NMSDC’s stakeholders are already seeing the benefits of these changes. 5 Passion Inspires The Mission of NMSDC. You can’t solve a problem on the same level that it was created. You have to rise above it to the next level.- Albert Einstein 6 Our Mission The National Minority Supplier Development Council (NMSDC) is in its fourth decade as the nation’s most dynamic force in developing successful relationships between America’s top corporations and supply-chain partners from the Asian, Black, Hispanic and Native American communities. Chartered in 1972, NMSDC has established a network of corporate members, now numbering 1,750. Among them are America’s top companies – publicly, privately and internationally owned – as well as universities, hospitals and other institutions with supply-chain needs. NMSDC connects these corporate members with qualified minority-owned suppliers of all sizes – Minority Business Enterprises (MBEs) – that meet a high standard of excellence. NMSDC ensures that standard in four essential steps: Certify Introduce and facilitate a mutually Advocate beneficial business Develop relationship between MBEs and corporate members. Examine and investigate each MBE, verifying its viability, its practices and its capacity for growth. Connect Promote and strengthen a universal understanding Assist and enable of the value of minority MBEs in expanding supplier development. their visions and their capabilities to meet the needs of corporate members. From its headquarters in New York, NMSDC coordinates its work nationally through 24 regional councils, each of which certifies, develops, connects and advocates for the relationship between MBEs and corporate members in its region. Passion inspires the mission of NMSDC. Perspective builds a firm foundation, in fact and perception, for NMSDC’s goals. Progress drives those enduring goals, in an evolving and ever-expanding business universe. 7 { NMSDC Connects } THE FACTS: NMSDC BY THE NUMBERS 1,750 12,026 Corporations Nationally-Certified MBEs Making Connections NMSDC connects 1,750 corporations (including 472 national corporate members and 1,278 local corporate members) with more than 12,000 nationally-certified Asian, Black, Hispanic and Native American-owned businesses. 37% 31% 14% 13% 5% MBE ETHNICITY: Thirty-seven percent (4,450) of certified MBEs are Black American; the next largest group represented is Hispanic, at 31% (3,728). A total of 14% and 13%, respectively, of certified MBEs are Asian Indian and Asian Pacific. Of the four primary ethnic groups represented, 5% (601) of the total number of certified MBEs is Native American. 27% Female MBE GENDER 73% Currently, the number of NMSDC-certified MBEs is 12,026. Male Of that total, 73% (8,779) are male and 27% (3,247) are female. 8 Top Ten Industries 4 “Minority-owned firms are an engine of job creation, demonstrating the highest level of new job growth and company formation compared to non minority-owned firms” (U.S. Census Bureau, 2007 Survey of Business Owners). 4 Of the 12,026 NMSDC-certified MBEs, 93% (11,198) represent the Top Ten Industry groups listed below. 1. Professional, Scientific and Technical Services 33% (3,913) 2. Manufacturing 13% (1,582) 3. Construction 13% (1,519) 4. Wholesale Trade 11% (1,280) 5. Administrative Services 11% (1,251) 6. Transportation and Warehousing 4% (505) 7. Information 3% (403) 8. Retail Trade 2% (280) 9. Real Estate, Rental and Leasing 2% (239) 10. Finance and Insurance 2% (226) 9 “Minority-owned businesses generate $1 trillion in eco- M B E nomic output to the U.S. economy, creating nearly six million American jobs. Twenty-one percent of all firms in ANNUAL SALES the United States are owned by minorities.” (U.S. Census Bureau, 2007 Survey of Business Owners) NMSDC Supplier Diversity and Economic Viability: MBE Total 12,026 21% of all firms in the United States are owned by minorities. Minority-owned businesses Value Proposition: generate $1 trillion in Minority Business is economic output to the U.S. critical to the economic economy, creating nearly growth of U.S. Class 1 six million American jobs. 42% (5,089) Annual sales less than $1 million Over 1B less than 1% (20) Annual sales greater than $1 billion Class 2 40% (4,761) Annual sales between $1 million and $10 million NMSDC- Certified MBEs Class 4 4% (490) Annual sales greater than Today, minorities $50 million Class 3 represent 35% of the total U.S. population 14% (1,666) and are expected to Annual sales between become the majority $10 million and $50 million by 2043. 10 Connecting MBEs to Growth and Capacity: Challenges and Opportunities Three Strategic Areas of Focus 1. Advanced Management Education Program (AMEP) 2. Conference 3. Enterprise-wide Learning Events 4. Minority Business Executive