Sysco increases spending on supply chain transformation

By Sophie Chapman
Sysco, the US-based food marketer and distributer, has released its first quarter results for the 2019 fiscal year. The firm revealed its expenses had...

Sysco, the US-based food marketer and distributer, has released its first quarter results for the 2019 fiscal year.

The firm revealed its expenses had risen following a rise in investment in supply chain.

During the review period, the company’s US foodservice operating expenses grew by US$70.3mn, or 5.8%, compared to the first quarter of the previous year.

In terms of Sysco’s international foodservice operations, operating expenses increased by $10.4mn, or 1.9%, year-on-year.

SEE ALSO:

Internationally, the Houston-headquartered company targeted supply chain transformation and business integration.

“Our top-line results for the first quarter were solid, particularly in our U.S. Foodservice segment,” commented Tom Bené, President and Chief Executive Officer at Sysco.

“We continue to see expense challenges in the warehouse and transportation areas of our supply chain, which we anticipate will persist. We remain focused on the execution of our strategic priorities, which we believe will serve as the roadmap for additional growth and value creation.”

Share

Featured Articles

Advancing the digital supply chain with strategic sourcing

As supply chain disruptions continue, strategic sourcing is one way companies can enhance sustainability, resilience and drive digital transformation

Microchip technology, from creation to supply chain shortage

As the chip shortage continues to put pressure on the manufacturing supply chain, we outline the transformative history of this 20th century invention

Improving supply chain management with IoT technology

As the supply chain faces challenges caused by ongoing geopolitical conflicts, trade wars and the COVID-19 pandemic aftermath, we explore how IoT can help

News round-up: supply chain, risk management, and logistics

Supply Chain Risk Management

Solving supply chain delays with network automation

Digital Supply Chain

Three ways to future-proof your supply chain

Supply Chain Risk Management