Company profile

Future of Owens & Minor

#
Rank
978
| Quantumrun Global 1000

Owens & Minor, Inc. is a healthcare logistics company, headquartered in Richmond, Virginia. The company provides supply chain services of healthcare products such as medical devices, implants, and disposable medical items to healthcare providers. The company is aimed to "connect the world of medical products to the point of care". Owens & Minor provides its logistics services in Europe and the United States, the two continents where three-fourths of the world’s healthcare spending takes place. The company’s customers range from private hospitals to healthcare products manufacturers, group purchasing organizations, large integrated healthcare networks, as well as the federal government itself.

Home Country:
Sector:
Industry:
Wholesalers - Healthcare
Website:
Founded:
1882
Global employee count:
7900
Domestic employee count:
5600
Number of domestic locations:

Financial Health

3y average revenue:
$9606564000 USD
3y average expenses:
$930286500 USD
Funds in reserve:
$185488000 USD
Market country
Revenue from country
0.96

Asset Performance

  1. Product/Service/Dept. name
    Services (Domestic)
    Product/Service revenue
    9356140000
  2. Product/Service/Dept. name
    Services (International)
    Product/Service revenue
    416806000

Innovation assets and Pipeline

Total patents held:
1

All company data collected from its 2015 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