from teams that are here uh in the audience uh whether it's uh the work that we've done on accelerate with Google or the work that we've done on supplier diversity or even the conversations that we've had over the last 18 months in a very challengingsituation uh on the outside of Google as it relates to race.
Some of our programs that involve this area would include business planning, market linkages, supplier linkages, financial services, and capital raising.So, also, some of our programs involve or help us to improve the business environment.
issue in many, many parts of Europe and the USA. Suppliers need to have the same value set, the same practices as Google.
A half an hour would certainly suffice. Suppliers And I think it's a pretty far-reaching consequence.Another general belief about language, again, almost a dogma in all the relevant fields-- philosophy,
So he did them privately at home. suppliers , and without the negative layer that Polaroid had made on a different site, and really without all that
have to be concession from all the stakeholders from the unions from the creditors from the dealers from the suppliers and the principle that it was going to be shared turned out to be absolutely critical to the to thesuccess of this um and so even though the uh UAW had been very very supportive
away step two I have the option to publish for free in the suppliers who want to and this changes a debate going on in every major company today about sustainability there are
us, their maker. We first created a schematic showing all the linkages of our company to the Earth -- it's biosphere, it's lithosphere -- through our suppliers , our customers, the communities in which we operated, and directly through our own people and processes and products. I will not bore you with the details of theschematic, but we ask ourselves 15 years ago, "What is wrong with this picture?" We asked this question when very few of any companies anywhere were asking such a question of themselves.
- That's why natural spider silk is so scarce. One supplier charges $700 for 100 milligrams, which works out to roughly $7 million per kilogram. That's roughly 50 times the price of gold.
Or invest it in buying an existing business and let other people run it while you have job. Or supplier diversity, where you understand that there's a lot of contracts in corporations and in the government that are earmarked for women particularly and multicultural women specifically.
The company's shareholders have to spend more time to get shareholder information, which makes them angry. The suppliers have to spend more time. So it's costing more money to the financial ecosystem, if we are allowed to use that word anymore talking
And the commercial paper markets started to freeze, and I could just see as plain as day what was going to happen if big companies couldn't pay their suppliers , and the CFO was calling him up, saying boss, we may not be able to-- we may have to stretch out our pay-ables, cut back on our inventories.
They got so much momentum, to be able to turn that cruise ship around takes a long time. The suppliers gave us new inventory on credit.
But the thing which is actually really nice is that I've had some really great support from random people I would never have thought of calling up and saying, OK, The suppliers were often also the demanders.
There's one Walmart and there's 40 regional retailers they don't exist anymore because Walmart has better technology, distribution, better ability to negotiate with suppliers , and whatnot. The Blackstar Funds did a really interesting study that showed that individual stock returns from 1983 to 2007-- which was really the largest secular bull market in
The largest supplier by volume was Monsanto.
company is a military supplier .
We are their best supplier that moved the most volume.
They're our supplier . I'll call them and let them know you're on the way.
So I switched my business plan to launching TV channels around the world for big companies. So it was supplier diversity in a way. So I basically went to work with Fox, HBO, ESPN, Sony, and I would take their brand and launch it in Latin America.
This became a national supplier of steam pumps and machinery.
I'd lose supplier respect, I'd lose customers, I wouldn't be able to deal with foreign governments, and my peers would make fun of me, and they'd think I'm weak.
And this supplier has been constrained by production capacity after a few months.
And that European supplier was saying we're not allowed to play ball with you on this front.
becoming a huge supplier to American museums.
to the suppliers who don't necessarily have this issue of finding a nude heel and getting them to understand what the issue is that I'm
knowing who its suppliers were.
How do you select suppliers behind Brandless products?
And they're really suppliers to their channels.
You can't pay suppliers .
And typically those suppliers are competing with one another or they're not even talking to one another.
So did those suppliers already have that kind of process, or did you kind of have to force them to change the process
by the suppliers and the local subcontractors, petty contractors.
And that means the suppliers you hire, the contractors you hire, the people who are called employees, which is a really weird word, but all
issue in many, many parts of Europe and the USA. You can talk to suppliers .
A lot of the suppliers are headquartered there, so the factory workers are in China, but the suppliers and the management is in Taiwan.
We call the suppliers and grumped at them if they were late.
All those suppliers have employees.
for all of their suppliers , their billions of dollars worth of suppliers , for answers about how they are doing, what their sustainability performance is because they realize that it
with your suppliers typically?
don't rely on one supplier . Companies can build backup facilities and alternative transport routes. They can
sustainability for Google and our supplier partners.
As the oil and lubricant supplier , they would be expected to probably provide five performance upgrades a year-- so lower friction, better performance
And we would write down supplier negotiation, because you got to negotiate for EDLP, every day low price.
I love it. Now, how is it that you-- in your book, you talk about in order for you to be chosen you There's so much money in supplier diversity in every corporation in America.
The first is the private sector supplier of ideas-- and I'll get to that in a little bit.
They're also a leading supplier for Whole Foods 365 brand and Organic Valley.
It's also making sure that the supplier is going to be able to catch up with potential increase in the needs.
who's my competitor who's my supplier who's the vendor and what about our employees and so there's a blurring of all of
but going upstream and requiring that other suppliers as well.