8 North Carolina Companies Among Most Admired In 2020: Fortune

CHARLOTTE, NC — The business magazine Fortune has released its annual list of the most admired companies in the world, and it’s great news for several companies based in North Carolina.

Overall, Apple took the top spot on the list for the second year in a row, with Amazon and Microsoft rounding out the top three.

North Carolina has eight of the most admired companies in the world for 2020:

Bank of America

• Industry Rank: No. 2
• Previous Industry Rank: No. 2

Coca-Cola Consolidated

• Industry Rank: No. 3
• Previous Industry Rank: No. 7

Duke Energy

• Industry Rank: No. 5
• Previous Industry Rank: No. 5

IQVIA Holdings

• Overall Rank: No. 173
• Industry Rank: No. 2
• Previous Industry Rank: No. 2

Lowe’s

• Industry Rank: No. 3
• Previous Industry Rank: No. 3

Nucor

• Industry Rank: No. 1
• Previous Industry Rank: No. 2

Truist Financial

• Industry Rank: No. 5
• Previous Industry Rank: No. 6

VF

• Industry Rank: No. 2
• Previous Industry Rank: No. 2

To be considered on the list, a company has to either be one of the 1,000 largest in the United States by revenue, or a company based outside the United States in Fortune’s Global 500 database that has a revenue of $10 billion or more.

This assortment of companies was subsequently narrowed down to include the 680 highest-revenue companies in each industry, such as computer software, entertainment and real estate.

The overall rankings were then compiled by Forbes in partnership with the management consulting company Korn Ferry by surveying executives, directors and analysts in their own industry.

You can read the full methodology here.

Here are the top 10 companies on the list:

1. Apple
2. Amazon
3. Microsoft
4. Walt Disney
5. Berkshire Hathaway
6. Starbucks
7. Alphabet
8. JPMorgan Chase
9. Costco Wholesale
10. Salesforce

The full list of most admired companies in 2020 is available on the Fortune website.