Keeping drugs on shelves.
In South Africa, medicine stock-outs have been a frighteningly ordinary occurrence. Within the country’s public health system—which serves 45 million people, or roughly 82% of South Africans—about 25% of facilities reported periods (sometimes weeks long) where they lacked critical TB and antiretroviral drugs for patients in 2015. The major issue: supply chain management. Vodacom, which ranks as the nation’s leading mobile carrier, saw a technology solution. The company’s foundation, working with the country’s health department, developed an app that makes the supply chain more transparent, enabling pharmacists to warn about low stocks and shift inventory as needed. So successful was the technology that Vodacom, which had launched it strictly as a philanthropic endeavor, has since commercialized it for broader use, by private health providers and other nations’ public health programs.
Midrand, South Africa
|Prior Year Rank||-|
|Revenues ($M) (Last Fiscal Year)||$6,320|
|Profits ($M) (Last Fiscal Year)||$1,081|
|Market Value ($M) as of 8/12/19||$13,683|