Dental Tribune International

Dental companies stack up on FORTUNE’s most admired list

By Jeremy Booth, DTI
January 29, 2020

NEW YORK, U.S.: A number of dental manufacturers, suppliers and distributors feature on this year’s list of the most admired companies in the world, as compiled by FORTUNE business Magazine.

Henry Schein ranked first in the industry category “Wholesalers: Health Care” and 2020 marks the 19th consecutive year in which the dental distributor has been included on the overall list—this year at place 155. The company also topped the category in 2019 and featured second in the category in 2018. Stanley M. Bergman, chairman of the board and CEO of the company, commented in a note to the press that it was rewarding to see the company’s commitment to its business practices recognized once again. “This honor belongs to the approximately 19,000 Team Schein Members around the world who conduct themselves with integrity every day”, Bergman commented. Henry Schein is headquartered in Melville, New York.

Danaher, which spun off its dental businesses Nobel Biocare, Ormco and KaVo Kerr into the company Envista Holdings last year, and completed its separation from Envista in December, once again ranked sixth in the industry category “Medical Products and Equipment.” Danaher scored highly for the attributes of long-term investment value and its use of corporate assets. The company was ranked 116th on the overall 2020 list, down from 100th in 2019. Danaher is headquartered in Washington.

Consumer goods giant Colgate-Palmolive was ranked fifth in the 2020 industry category “Soaps and Cosmetics,” and 110th on the overall list. The Midtown Manhattan-headquartered company was listed as scoring highly on global competitiveness, quality of management and its use of corporate assets. Last year, the company was ranked fifth in the category and scored highly on its long-term investment value.

Manufacturer of a range of solutions for dentistry, such as dental impression materials, cements, adhesives and composites, 3M was ranked 29th on the overall list. The company, headquartered in Maplewood, Minnesota, came first in the industry category “Chemicals”—up from second place in 2019—and achieved high rankings on all nine attributes that are measured, including innovation, the quality of its products and services, and social responsibility.

Procter & Gamble, which owns the Oral-B brand, was ranked second in the “Soaps and Cosmetics” category, up from sixth place in the 2019 list. The consumer goods conglomerate, which is headquartered in Cincinnati, Ohio, was ranked 23rd on the overall list, the highest ranking of any dental company to feature this year. The company achieved high rankings for the attributes of people management, financial soundness and global competitiveness.

FORTUNE calls its annual list of the World’s Most Admired Companies the definitive report card on corporate reputations”

New York-based FORTUNE calls its annual list of the World’s Most Admired Companies “the definitive report card on corporate reputations” because it enlists the reviews of peers in evaluating the more than 1,000 companies that are considered for the list each year. The 1,000 largest companies in the U.S., ranked by revenue, and also non-U.S. companies that post annual revenues of around $10 billion automatically make the ballot. FORTUNE then, in order to compile the rankings, surveys senior executives, directors and financial analysts operating in and covering more than 50 industries.

Close to 3,800 individuals were surveyed for the 2020 list. They were asked to evaluate companies on corporate attributes as diverse as quality of management, social responsibility, financial standing, use of corporate assets, and the ability to recruit and retain a talented workforce.

Technology giant Apple is the most admired company in the world—and has been for 13 consecutive years—according to FORTUNE. Amazon was ranked second on the overall 2020 list, followed by Microsoft, Walt Disney, and the transnational conglomerate Berkshire Hathaway.

The FORTUNE list of the World’s Most Admired Companies can be viewed here.

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