Company profile

Future of Genuine Parts

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| Quantumrun Global 1000

Genuine Parts Company (abbreviated as GPC) is a US service organization involved in the distribution of industrial replacement parts, electrical/electronic materials, automotive replacement parts, and office products. GPC provides service to several customers from more than 2,600 operations around the globel The company owns the NAPA Auto Parts brand.

Home Country:
Sector:
Industry:
Wholesalers - Diversified
Website:
Founded:
1928
Global employee count:
40000
Domestic employee count:
Number of domestic locations:

Financial Health

Revenue:
$15339713000 USD
3y average revenue:
$15320468000 USD
Operating expenses:
$3525267000 USD
3y average expenses:
$3477820000 USD
Funds in reserve:
$242879000 USD
Market country
Revenue from country
0.83

Asset Performance

  1. Product/Service/Dept. name
    Automotive group
    Product/Service revenue
    8100000000
  2. Product/Service/Dept. name
    Industrial group
    Product/Service revenue
    4600000000
  3. Product/Service/Dept. name
    Office group
    Product/Service revenue
    2000000000

Innovation assets and Pipeline

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the wholesale sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the projected economic growth within the African and Asian continents over the next two decades, spurred largely by massive population and internet penetration growth forecasts, will result in a significant increase in regional and international commerce/trade.

*RFID tags, a technology used to track physical goods remotely since the 80s, will finally lose their cost and technology limitations. As a result, manufacturers, wholesalers, and retailers will begin placing RFID tags on every individual item they have in stock, regardless of price. Thus, RFID tags, when coupled with the Internet of Things (IoT), will become an enabling technology, enabling the enhanced inventory awareness that will result in significant new investment in the logistics sector.

*Autonomous vehicles in the form of trucks, trains, planes, and cargo ships will revolutionize the logistics industry, allowing cargo to be delivered faster, more efficiently, and more economically. Such technological improvements will encourage greater regional and international trade that wholesalers will manage.

*Artificial intelligence (AI) systems will take over more and more of the administrative tasks and logistics management associated with purchasing items in bulk, shipping them across borders, and delivering them to end buyers. This will result in reduced costs, layoffs of white-collar workers, and a consolidation within the marketplace since larger wholesalers will afford advanced AI systems long before their smaller competitors.

COMPANY’S FUTURE PROSPECTS

Company Headlines