Foodbuy enters procurement and distribution management services agreement with HealthTrust
As per the agreement, eight out of ten of the largest healthcare systems in the US by bed count will have access to the Foodbuy catalogue.
"The fact that HealthTrust's boards came together to select Foodbuy is a credit to our organisation," said Dennis Hogan, Chief Executive Officer of Foodbuy, LLC. "It's exciting that we'll be able to leverage the scale and expertise of each of our organisations to deliver value to the providers and the patients and customers they serve."
Foodbuy is the largest foodservice procurement and supply chain solutions organisation in North America and manages more than US$20bn in purchase volume. HealthTrust serves more than 1,500 acute-care hospitals, and via its AdvantageTrust subsidiary, over 35,500 non-acute healthcare facilities and systems including ambulatory surgery centres, physician practices, long-term care and alternate care sites. Through its MyOrders online ordering platform and Webtrition, members can access a menu management system designed to facilitate compliance and control food costs.
The news follows HealthTrust entering into an exclusive supply chain relationship with Kindred Healthcare, a $3bn healthcare services company. HealthTrust will work with Kindred Healthcare to oversee group purchasing and supply chain
ASCM: Supply chain pay gap closes in under 40s
The pay gap between men and women working in supply chain under the age of 40 has finally reached parity, according to the Association for Supply Chain Management’s latest annual Supply Chain Salary and Career Report.
The gender pay gap in this age group had been narrowing over the past two years, the ASCM’s previous surveys show, and in 2021 has closed entirely. Women report a median salary of $81,000 annually, while men earn a median annual salary of $79,000. Across all age brackets, men report a median salary of $82,000 and women $80,000.
Other highlights from the ASCM report
- 95% of supply chain professionals kept their job through the pandemic
- The typical starting salary for a supply chain professional is $60,000
- 48% of supply chain professionals now work from home
- 88% of survey respondents find supply chain a fulfilling career path
But there is still work to be done in closing the divide in those over the age of 40. Older men are still earning far more than their female peers, with a discrepancy of between $12,000 and $23,000 annually. ASCM’s report does not definitively conclude why this disparity remains, but says women who began their careers several decades ago may have started out on lower salaries. They may also have missed out on steady wage increases and career development after taking time away from work to have and raise families.
It is also likely that the pay gap in over 40s is affected by a lack of women in executive leadership positions. A recent Gartner study found that, while women now represent 41% of the supply chain workforce - a five year high - only 15% of executive level positions are held by women. That figure is a decline of two per cent on 2020.
Supply chain’s racial pay gap remains
For the first time, ASCM’s annual survey also looked into the pay gap between ethnicities, finding that the median salary for black professionals was 12% less than their white peers, and Latinos earned on average 14% less. That represents a divide of between $9,000 and &10,000 in real terms. Asian professionals earned a median salary of $80,000, compared with the $83,000 for white professionals.
Abe Eshkenazi, the ASCM chief executive, said reporting on and acknowledging lingering wage disparity was not enough: “Supply chain organisations must lead the way by creating environment where diverse talent is valued, included and developed. The need for supply chain professionals has never been greater, so now is the time to expand the aperture to include diversity of thought, influence and input — particularly for women and people of colour.”
Read the full report: ASCM 2021 Supply Chain Salary and Career Report