Joseph R. Hinrichs
Named Chairman of NMSDC
For Immediate Release
June 9, 2016
Press contact: Phil Thurston
(212) 944-2430 ext: 127
The National Minority Supplier Development Council (www.nmsdc.org) is pleased to announce that Joseph R. Hinrichs, executive vice president and president, The Americas, Ford Motor Company, has accepted the position of Chairman of NMSDC.
Mr. Hinrichs joined Ford in 2000, following positions at Ryan Enterprises Group and General Motors. At Ford, Mr. Hinrichs has served in roles including: president and CEO of Ford Motor Company of Canada, Limited; vice president, North America Manufacturing; group vice president, Global Manufacturing and Labor Affairs; and group vice president and president of Asia Pacific and Africa. Mr. Hinrichs was named the 2013 Fortune Magazine Reader’s Choice winner as Businessperson of the Year for the automotive industry, among other honors. He is a member of the Board of Trustees of the University of Dayton (Ohio), his alma mater, and currently is a campaign co-chair for the Michigan Education Excellence Foundation and a member of the Workforce Development Board for the city of Detroit. He has a master’s degree in business administration from the Harvard Business School. Mr. Hinrichs and his wife, Maria, have three children.
In 2015, NMSDC named Ford Motor Company “Corporation of the Year,” the most sought-after honor for major corporations dedicated to improving the overall participation of Asian, Black, Hispanic and Native American suppliers. In winning the award, Ford continues to demonstrate its commitment to increasing procurement opportunities corporate-wide for minority business enterprises (MBEs).
Said Joset Wright-Lacy, NMSDC president: “From a relationship beginning in 1978, to the recognitions received and investments made, to our current partnership, Ford has answered NMSDC’s call to action on numerous occasions. Our histories have intertwined from the very beginning of the movement to support minority communities by offering opportunities for entrepreneurs.”
“It’s an honor to serve the talented men and women of NMSDC,” Hinrichs said. “Working together, we can continue to grow and strengthen the network of suppliers who develop and deliver technologies, products, services and solutions to make life better for millions of consumers touched by a variety of industries.”
NMSDC advances business opportunities for certified minority business enterprises and connects them to corporate members. To meet the growing need for supplier diversity, NMSDC matches its more than 12,000 certified minority-owned businesses to our network of more than 1,750 corporate members who wish to purchase their products, services and solutions. NMSDC, a unique and specialized player in the field of minority business enterprise, is proud of its unwavering commitment to advance Asian, Black, Hispanic and Native American suppliers in a globalized corporate supply chain.
Procurement News: Hau Thai Tang lays out his plans as chairman of the board of MMSDC
As the newly elected chairman of the Michigan Minority Supplier Development Council (MMSDC) and first contributing author of Procurement News, I’d like to take this opportunity to outline my vision for the Council and share a bit about Ford’s commitment to supplier diversity.
Before I get started, I’d like to acknowledge the contributions of outgoing chairman, Steve Keifer and give thanks to the extended General Motors team. Their time and contributions to the MMSDC have been commendable. I’d also like to thank Michelle Sourie Robinson, the MMSDC staff, and the Board of Directors for the role they continue to play in certifying and providing minority businesses with development opportunities.
As a founding member of the MMSDC, Ford Motor Company understands that diversity makes us a better and stronger company, by bringing in fresh ideas, perspectives, and experiences. Ford’s journey to ensure a diverse supply chain network began in 1978 and is built on a strong foundation of commitment, perseverance, and integrity. Our aim to source at least 10 percent of Ford’s $55 billion U.S. purchasing budget, with diverse production and non-production suppliers annually, is something we are extremely proud of. As chairman, I plan to work with the MMSDC to serve both corporate members and minority business enterprises while using Ford’s strong history in this area as a benchmark.
MMSDC is a leader in advancing business opportunities for its certified Asian, Black, Hispanic, and Native American business enterprises and connecting them to member corporations. In 2016, I plan to continue aligning our organization with the National Minority Supplier Development Council and work to support the four strategic priorities:
- Certify minority businesses and promote the value of certification, focusing on targeting MBEs of scale that can best serve our corporate members
- Develop stakeholders and build capacity and capability, targeting innovation and technology to provide MBEs with sustainable competitive advantage
- Connect certified minority businesses with corporate members, developing innovative methods to connect MBEs and corporate members. Our efforts will include broadening the reach of MMSDC beyond Southeast Michigan.
- Advocate for minority businesses and promote the value proposition of minority supplier development, continuing to expand MBEs and corporate membership beyond automotive. In addition, we will plan for a Conference in Detroit in 2017.
Each of these priorities will guide the MMSDC over the coming months, but in order to truly succeed, we must focus on our relationships – with each other and the community. Relationships are a key driver of our success, and I look forward to working together to deliver sustained, quantifiable results. Thank you very much for the honor of leading this fantastic organization – let’s work together to demonstrate the tremendous value that MBEs provide to the community on both a corporate and business-to-business level.
MentorMe – MBE Mentoring Program
MentorMe is a new and exciting program for certified MBEs of all industries to advance and develop their business through Senior Corporate Executive mentoring. Through MentorMe, MBEs will have the opportunity to discuss and receive feedback on their business in addition to enhancing their leadership and communication skills.
In the program, high potential MBEs will be partnered with a team of Senior Executives from MMSDC Corporate Organizations. The MBE and Corporate Mentor Team will assess the MBE’s business, evaluate real-time organization challenges/situations and discuss the future of the MBE’s business.
For more information, click here http://minoritysupplier.org/mentorme/
Insights for Innovation
We live in a fast-paced, constantly changing world where innovation and creativity are more important than ever. Global design firm IDEO practices a ‘design thinking’ approach to creating solutions and believes that all organizations can unlock their creative potential through design thinking. Ford Motor Company strongly believes in this approach and has designed a sponsorship program to offer diverse suppliers the opportunity to take IDEO U’s online course, ‘Insights for Innovation’.
Through ‘Insights for Innovation’ and design thinking, suppliers can improve their approach and understanding of innovation; thinking like a designer can transform the way organizations develop products, services, processes and strategy.
Certified diverse suppliers can apply for program sponsorship through the MMSDC website: www.minoritysupplier.org/insightsforinnovation. You do not need to be a current supplier to Ford Motor Company to participate.