Company profile

Future of Performance Food Group

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| Quantumrun Global 1000

<p>Performance Food Group Company, established in 1875, is a US company involved in the distribution of a variety of food products. The company headquarters are located in Goochland County, Virginia.</p>

Home Country:
Sector:
Industry:
Wholesalers - Food and Grocery
Founded:
1875
Global employee count:
13000
Domestic employee count:
Number of domestic locations:

Financial Health

3y average revenue:
$15687400000 USD
3y average expenses:
$1748000000 USD
Funds in reserve:
$10900000 USD

Asset Performance

  1. Product/Service/Dept. name
    Performance food service
    Product/Service revenue
    9616300000
  2. Product/Service/Dept. name
    PFG costumized
    Product/Service revenue
    3782100000
  3. Product/Service/Dept. name
    Vistar
    Product/Service revenue
    2701500000

Innovation assets and Pipeline

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