The company recognizes the value of local purchasing. By supporting local businesses in the supply chain, it benefits from proximity of supply, improves the stability of local economies and helps attract additional investment to the area. All these factors can contribute to improved community support for its operations.
Under its company-wide purchasing policy, PotashCorp's purchasing managers must consider the potential contribution to the local economy and to accessibility, as well as price and quality. Each production site has developed its own procedures to implement this policy.
Local Purchasing |
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| 2003 | 2004 | 2005 | 2006 | 2007 | |
| % of Total Purchases Made Locally* | 52 | 60 | 61 | 62 | 58 |
| * excluding raw materials, electricity and transportation. Source: PotashCorp |
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Company tracking shows that (excluding raw materials, electricity and transportation) the share of purchases made locally increased from 52 percent in 2003 to 58 percent in 2007 (and in some years has been even higher).
Local Hiring
It is common practice at PotashCorp to hire local residents at its operations. Accordingly, the majority of employees reside in and around its host communities.
Financial Assistance from Governments
PotashCorp received no financial assistance from any level of government in 2007.
