GM continues to build upon our legacy of leadership in helping diverse suppliers flourish. We are the economic engine that drives empowerment, equity and inclusion into our supply chain and business community.
In 1968, we became the first OEM to establish a formal supplier diversity program. Over the next five decades, we spent more than $110 billion with diverse suppliers and contributed to innumerable community initiatives in collaboration with diverse suppliers.
GM strives to achieve equitable and sustainable supply chain inclusion goals that ensure long-term viability for our diverse supply base. For the past 10 years, GM has utilized our annual Supplier Connections event, which attracts approximately 1,000 attendees, to strengthen existing relationships, enhance our business acumen and identify new sourcing opportunities.
In 2020, COVID-19 challenged us, as well as our diverse business communities, to find innovative ways to create impactful and meaningful connections. We supported multiple virtual conferences with our advocacy partners, such as the National Minority Supplier Development Council, as they focused on preparing, positioning and propelling minority business owners to the next level of achievement, despite the impact of the global pandemic.