Company profile

Future of World Fuel Services

#
Rank
949
| Quantumrun Global 1000

World Fuel Services Corporation is a company that is based in Miami, Florida. It offers financing and marketing of aviation, ground and marine transportation, fuel products, and similar services to corporate and commercial aircraft, petroleum distributors and ships at different locations around the world.

Home Country:
Sector:
Industry:
Wholesalers - Diversified
Founded:
1984
Global employee count:
5000
Domestic employee count:
Number of domestic locations:
39

Financial Health

Revenue:
$27015800000 USD
3y average revenue:
$33596333333 USD
Operating expenses:
$710100000 USD
3y average expenses:
$622600000 USD
Funds in reserve:
$698600000 USD
Market country
Revenue from country
0.53

Asset Performance

  1. Product/Service/Dept. name
    Aviation segment
    Product/Service revenue
    10914400000
  2. Product/Service/Dept. name
    Land segment
    Product/Service revenue
    8918800000
  3. Product/Service/Dept. name
    Marine segment
    Product/Service revenue
    7182500000

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