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Lear Corporation inducted into Billion Dollar Roundtable

23 Aug '16

2 min read

Lear Corporation, a leading global supplier of automotive seating and electrical systems, has been inducted into the Billion Dollar Roundtable Inc. (BDR), a top-level corporate advocacy organisation that promotes supply chain diversity excellence, during the annual BDR Summit in Atlanta.

The Billion Dollar Roundtable honoured Lear Corporation at a formal induction ceremony today during its Summit in Atlanta. BDR summits convene thought leaders, procurement executives, and other stakeholders to offer critical reviews of current approaches to supplier diversity and devise solutions to foster new opportunities. The theme of the Atlanta Summit was “Leading Breakthroughs in the Supply Chain: Trends, Economic Impact & Innovation.”

Matt Simoncini, president and chief executive officer for Lear said, “I am pleased that we have reached this very important milestone with women and minority suppliers by exceeding $1 billion in sourcing with them. While we have more work to do, we have been making steady progress in all elements of diversity. I am gratified that the Billion Dollar Roundtable, our key customers and others have recognised our efforts.”

BDR chairman Rick Hughes said, “Lear's induction offers an exciting addition into the Billion Dollar Roundtable. Lear operates a robust supplier diversity program and also is a major Tier I supplier to major automotive companies, including other BDR members.”

Sharon Patterson, BDR co-founder, president, and CEO said, “Lear joins the BDR at a time when our recent annual summits have examined topics that include how global supply chains are being impacted by innovation and emerging technologies. These changes are redefining the roles of diverse suppliers within corporate supply chains. Lear is a model for advancing new approaches within its business and industry, and the BDR looks forward to Lear's ideas and thought leadership on these and other current topics in supplier diversity.” (GK)

Fibre2Fashion News Desk – India