Cox Automotive has a clear commitment to diversity and engagement with minority businesses, Alan Barratt, Head of Supply Chain in the UK, comments: ‘Cox Automotive UK, are now proud to announce that we are full corporate members of MSDUK, and are fully committed to the Cox diversity program. Our company drives business results through inclusion and by growing the diversity of our people, customers, vendors and communities. By developing mutually sustainable relationships with diverse suppliers, we develop new business opportunities and economic development for the communities we serve. World Wide Cox Companies spend an average of $320 Million Annually with Diverse suppliers’.
Cox Automotive 2017 goals and objectives are:-
- To accelerate progress and development of supplier inclusion.
- Increase year on year total diverse supplier spend by at least £5 Million.
- Convert our top 25 suppliers to classified suppliers,
- Increase viability and sustainability of supplier inclusion initiatives through supplier inclusion mentoring program.
- To target categories £500K for long term strategic expenditures.
In the longer term Cox Companies are committed to spending $200M with diverse suppliers’ World wide by 2020, and to having 50% of Cox Automotive diverse suppliers to uphold our ethical pledge and practice sustainability by 2020.
Mayank Shah, CEO of MSDUK, comments: ‘We are delighted to have Cox Automotive UK as part of our growing network of corporations that are committing themselves for a more inclusive supply chains. What makes it special is that by providing a variety of services, Cox Automotive UK will open up opportunities to a wide range of ethnic minority businesses. We look forward to working with the team at Cox to help them in achieving their supplier diversity goals.’
About Cox Automotive
Cox Automotive is the world’s leader in vehicle remarketing services and digital marketing and software solutions for automotive dealers and consumers. Cox Automotive, is a subsidiary of Atlanta-based Cox Enterprises. In the UK incorporating the Manheim, Motors.co.uk, Money4Yourmotors.com, WeWantAnyCar.com, NextGear Capital, Modix, and Movex, brands serving customers such as auto dealers, manufacturers and financial institutions. Headquartered in Atlanta, Cox Automotive employs 30,000 team members across more than 200 locations worldwide. Cox Automotive partner with more than 40,000 dealers, as well as most major automobile manufacturers, and touch over 67 percent of all car buyers in the U.S. with the most recognized brands in the industry thus uniting over 20 brands in this space, providing an end-to-end solution to transform the way people buy and sell cars every day.