Fortune magazine has named Henry Schein to its Change the World list, its annual ranking of companies that have had a positive social impact through activities that are part of their core business strategy.
Henry Schein was recognized 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. The company serves as the PSCN’s private sector lead.
Cofounded by Henry Schein, the PSCN is a public-private initiative that brings together the private sector and global organizations including the World Health Organization, World Economic Forum, the United Nations World Food Programme, the World Bank, the US Centers for Disease Control and Prevention, UNICEF, and approximately 60 healthcare manufacturers and suppliers to embrace a common commitment to a cause, the company said.
Since the PSCN’s inception, Henry Schein said, it has worked intensively as private sector lead to develop a platform for data sharing, market visibility, and operational coordination for healthcare 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 said.
“Henry Schein is driven by a sense of purpose and mission, and we are honored 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 CEO 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,” said Bergman.
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 said.
Henry Schein’s long-term leadership in the PSCN enabled the company to deploy insights in response to the COVID-19 pandemic, Henry Schein said, specifically advocating for and disseminating guidelines for proper and judicious use of personal protective equipment.
The company’s collaboration with its PSCN partners reinforces its commitment to public-private partnerships as a means of addressing complex societal issues, it said.