Company profile

Future of Sysco

#
Rank
438
| Quantumrun Global 1000

Sysco Corporation is a US global corporation engaged in distributing and marketing food products to hotels and inns, healthcare and educational facilities, restaurants, and other foodservice and hospitality businesses. The company is headquartered in the Energy Corridor district of Houston, Texas. Sysco, an acronym for Systems and Services Company, is the biggest broad-line food distributor in the world; it has over 400,000 clients in a wide array of fields. Management consulting is also an essential part of their services. As of July 2, 2005, it has operated in various facilities throughout Canada and the United States.

Home Country:
Sector:
Industry:
Wholesalers - Food and Grocery
Website:
Founded:
1969
Global employee count:
51900
Domestic employee count:
Number of domestic locations:
148

Financial Health

Revenue:
$50400000000000 USD
3y average revenue:
$48533333333333 USD
Operating expenses:
$7189972000 USD
3y average expenses:
$7035346333 USD
Funds in reserve:
$3919300000 USD
Market country
Revenue from country
0.89

Asset Performance

  1. Product/Service/Dept. name
    Broadline
    Product/Service revenue
    39892893000
  2. Product/Service/Dept. name
    Sygma
    Product/Service revenue
    6102328000
  3. Product/Service/Dept. name
    Other
    Product/Service revenue
    5919611000

Innovation assets and Pipeline

Global brand rank:
371
Total patents held:
3

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