Henry Schein Named to Fortune Magazine’s ‘Change the World’ ListNews
Posted by: The Probe 22nd September 2020
Henry Schein, Inc. announced today that it has been named to Fortune magazine’s “Change the World” list, an annual ranking of companies that have had a positive social impact through activities that are part of their core business strategy. Henry Schein was recognised for its role in helping to create the Pandemic Supply Chain Network (PSCN), a public-private partnership aimed at saving lives by strengthening the resilience of the global health supply chain in response to pandemics. Henry Schein serves as the PSCN’s private sector lead.
The PSCN, co-founded by Henry Schein, is a public-private initiative that brings together the private sector and global organisations – including the World Health Organization, World Economic Forum, the United Nations World Food Programme, the World Bank, the U.S. Centers for Disease Control, UNICEF, and approximately 60 health care manufacturers and suppliers – to embrace a common commitment to a cause. Since the PSCN’s inception, Henry Schein, as private sector lead, has worked intensively to develop a platform for data sharing, market visibility, and operational coordination for health care products to more effectively match global demand with global supply. The trust-based relationships built between sectors through the PSCN has been crucial in enabling the sharing of information and facilitating the ability of key stakeholders to navigate together the supply chain challenges caused by global pandemics.
“Henry Schein is driven by a sense of purpose and mission, and we are honoured to be named to Fortune magazine’s ‘Change the World’ list for our enduring commitment to these values,” said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. “Since our founding in 1932, Henry Schein has been guided by the belief that we can align our strengths as a business with the needs of society to make a positive difference. Through the Pandemic Supply Chain Network, we have had the opportunity to work with leaders from all sectors of society to help create a safer world through more effective pandemic preparedness and response.”
Since the onset of the Covid-19 pandemic in late 2019, the PSCN has taken an active role in developing critical tools to strengthen the supply chain, including advocacy, procurement, and product recommendations. Henry Schein’s long-term leadership in the PSCN enabled the Company to deploy insights in response to the Covid-19 pandemic, specifically advocating for and disseminating guidelines for proper usage of personal protective equipment (PPE) to promoting the judicious use of PPE. The Company’s collaboration with its PSCN partners reinforces Henry Schein’s commitment to public-private partnerships as a means of addressing complex societal issues.
Fortune magazine’s “Change the World” list celebrates companies and leaders that embrace corporate purpose and recognise how it can add value to business and society. Fortune evaluates the companies by measurable social impact, business results, degree of innovation, and corporate integration. To view the entire list, please visit: https://fortune.com/change-the-world/.