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12/22/2021

Best Buy Takes Another Step Towards Working With BIPOC Businesses

Jamie Grill-Goodman
Editor in Chief
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Best Buy is taking another step in towards working with a more diverse range of supplies.

The retailer is partnering with RangeMe, an online sourcing platform that connects it with more than 200,000 potential brands and their products, to expand its network of diverse-owned and operated suppliers. RangeMe will help Best Buy discover and connect with a wide variety of brands to bring new products to customers online and in-store.

The move builds on Best Buy’s commitment to spend at least $1.2 billion with Black, Indigenous and people of color (BIPOC) and diverse businesses by 2025. The goal is to create a stronger community of diverse suppliers and to help increase BIPOC representation in the tech industry.

“Simply put, there’s not enough diverse representation in our industry right now, and we are dedicated to changing that,” said Mark Irvin, our chief inclusion, diversity and talent officer. “RangeMe will be incredibly helpful as we continue to partner with more of these immensely talented diverse-owned and operated businesses.”

“We committed to spending at least $1.2 Billion with Black, Indigenous and people of color (BIPOC) and diverse businesses by 2025 – so we can help increase BIPOC representation in our company and the communities we serve,” the company said in a statement. “Partnerships like these help us in our efforts to create a stronger, more vibrant community of diverse innovators in the tech industry.”

Best Buy also committed in August to investing up to $10 million with Brown Venture Group, a venture capital firm that focuses exclusively on Black, Latinx and Indigenous technology startups in emerging technology.

For those interested in becoming a supplier to Best Buy, register here.