Oct 12, 2021

Watch: Corporate Case Study—3M: Thriving During Times of Change

By Goldman Sachs Ayco Personal Financial Management

Leaders across Corporate America came together at the 2021 Ayco InnerCircle® conference to share experiences and views on the evolving role employers play in their employees’ lives and society. Head of Goldman Sachs Personal Financial Management, Joe Duran, hosted Veena Lakkundi, chief strategy officer at 3M, who discussed how 3M successfully navigated challenges of today’s environment, including pivoting from producing office supplies to manufacturing protective gear when corporate America shutdown due to the pandemic, and the impact of George Floyd’s death on 3M’s approach to diversity and inclusion.

Highlights

  • Thrown into the frontlines of the pandemic, 3M’s PPE and N95 mask production quadrupled in the span of one year
  • Strong corporate partnerships and resilient employees were key to achieving this feat
  • How the 120-year-old company adapted to modern, collaborative and flexible work models
  • Employee personas developed to improve efficiencies and create the most desirable work model for the future
  • How George Floyd’s murder massively impacted the Minnesota-headquartered 3M’s approach to diversity & inclusion

Watch the discussion here.

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ABOUT THE AUTHOR

Goldman Sachs Ayco Personal Financial Management

United Capital Financial Advisers, LLC d/b/a Goldman Sachs Personal Financial Management (“GS PFM”) is a registered investment adviser and an affiliate of Goldman Sachs & Co. LLC and subsidiary of The Goldman Sachs Group, Inc., a worldwide, full-service investment banking, broker-dealer, asset management, and financial services organization.

The information contained herein is intended for informational purposes only, is not a recommendation to buy or sell any securities, and should not be considered investment advice. GS PFM does not provide legal, tax, or accounting advice. Clients should obtain their own independent legal, tax, or accounting advice based on their particular circumstances. Please contact your financial adviser with questions about your specific needs and circumstances.

Information and opinions expressed by individuals other than GS PFM employees do not necessarily reflect the view of GS PFM. Information and opinions expressed in this article are as of the date of this material only and subject to change without notice.

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