GXO Logistics

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GXO Logistics, Inc.
TypePublic company
FoundedAugust 2, 2021; 6 months ago (2021-08-02)
HeadquartersGreenwich, Connecticut, U.S.
Number of locations
906 (2021)
Key people
Brad Jacobs
(Non-Executive Chairman)
Malcolm Wilson
(CEO)
Baris Oran
(CFO)
RevenueIncrease US$7 billion (2021)
Number of employees
75,000 (December 31, 2021)
Websitegxo.com
Footnotes / references
[1]

GXO Logistics is an American global contract logistics company that manages outsourced supply chains and warehousing.[2][3] GXO's corporate headquarters are located in Greenwich, Connecticut, U.S.[4]

History[]

In December 2020, XPO Logistics announced intent to spin off its global contract logistics segment into a separate company, GXO Logistics Inc.[5] The spin-off was completed in August 2021, with American businessman Brad Jacobs as Non-Executive Chairman, Malcolm Wilson as CEO, and Baris Oran as CFO.[6]

Operations[]

GXO operates approximately 869 warehouses with 208 million square feet of facility space, making it the largest third-party pure-play contract logistics provider globally.[7][8][9] Its services include: e-commerce and omnichannel order fulfillment and distribution; returns management (reverse logistics); cold chain logistics; supply chain optimization and warehousing services, such as order personalization, engineered packaging and inventory tracking.[10][11]

GXO's contract logistics customers operate in retail, e-commerce, technology,[12] aerospace, telecom,[13] food and beverage,[14] healthcare,[15] agriculture and infrastructure.[16]

GXO Direct is a shared-space distribution network for omnichannel retail and e-commerce customers. GXO Direct enables customers to share or rent parts of distribution centers to store their products. GXO warehouses serve as stockholding sites and cross-docks utilized by multiple customers at the same time. Algorithms analyze customer data to identify patterns in consumer behavior and seasonality.[17]

Technology[]

GXO employs IT professionals and data scientists who work on automation and intelligent machines, forecasting demand, predictive analytics, pricing algorithms, workforce planning.[18][19]

In 2020, GXO and Nestlé opened a joint-venture "warehouse of the future" in Leicestershire, U.K. The distribution center serves as a “testbed” for new technologies for the logistics space.[20]

Other technology initiatives include:

  • A proprietary warehouse management platform that integrates advanced automation and consolidates common warehouse functions in one control center that evolves through machine learning;[21][22]
  • VR and AR applications under development for internal staff, clients, and household customers.[23]

See also[]

References[]

  1. ^ "XPO Investor Presentation July 2021". XPO Logistics. Retrieved 2 August 2021.
  2. ^ "XPO Investor Presentation July 2021". xpo.com. July 28, 2021. Retrieved August 2, 2021.{{cite web}}: CS1 maint: url-status (link)
  3. ^ Smith, Jennifer (December 2, 2020). "XPO Logistics to Split Company in Two, Spin Off Contract Logistics Business". Wall Street Journal. Retrieved August 2, 2021.{{cite web}}: CS1 maint: url-status (link)
  4. ^ "GXO Logistics, Inc". SEC.gov. June 9, 2021. Retrieved August 2, 2021.{{cite web}}: CS1 maint: url-status (link)
  5. ^ Sharkey, Grace. "XPO Announces Logistics Spinoff GXO". Freightwaves. Retrieved 19 March 2021.
  6. ^ "XPO Logistics Announces Second Quarter 2021 Results". July 28, 2021. Retrieved August 2, 2021.{{cite web}}: CS1 maint: url-status (link)
  7. ^ Wolf, Connor (July 13, 2021). "XPO Spinoff GXO to Go Public Aug. 2". Transport Topics. Retrieved August 2, 2021.{{cite web}}: CS1 maint: url-status (link)
  8. ^ "XPO Investor Presentation February 2020".|
  9. ^ "XPO Logistics Announces Senior Leadership for Logistics Segment Spin-Off". Globe Newswire. Jan 12, 2021. Retrieved Feb 2, 2021.
  10. ^ "Facts and Figures" (PDF). XPO Logistics. October 31, 2018. Retrieved November 1, 2018.
  11. ^ Tran, David (2017-08-01). "XPO Logistics awarded VWR International UK contract". SHD Logistics News. Retrieved 2017-08-27.
  12. ^ "Promethean en XPO Logistics breiden contract uit • TTM.nl". TTM.nl (in Dutch). 2017-08-02. Retrieved 2017-10-22.
  13. ^ "JLG places XPO Logistics in charge of aftermarket parts distribution, will close Ohio distribution center". Equipment World. Retrieved 2017-10-22.
  14. ^ Pegden, Tom (2017-09-10). "Revealed: Nestlé 'planning vast new county warehouse'". leicestermercury. Retrieved 2017-10-22.
  15. ^ "XPO wins contract with VWR International - Logistics Manager". Logistics Manager. 2017-07-27. Retrieved 2017-10-22.
  16. ^ "XPO Logistics wins Highways England contract renewal". CILT(UK). Retrieved 2017-10-22.
  17. ^ Ames, Ben (24 April 2018). "XPO launches shared-space model for retail distribution". DC Velocity. Retrieved 24 July 2019.
  18. ^ DePillis, Lydia (15 July 2019). "America's addiction to absurdly fast shipping has a hidden cost". CNN. Retrieved 24 July 2019.
  19. ^ Stinson, Jim (12 March 2019). "XPO Installs Two Tech Platforms to Meet Freight Challenges". Transport Topics. Retrieved 24 July 2019.
  20. ^ Ashe, Ari (27 June 2017). "XPO Plans 'Testing Ground' for the Future of Logistics". Transport Topics. Retrieved 24 July 2019.
  21. ^ "XPO and Mars collaborate to 'transform' supply chain". www.supplychaindigital.com. Retrieved 2018-03-07.
  22. ^ "XPO Logistics identifies four top technology priorities". Supply Chain Quarterly. Retrieved 2017-10-19.
  23. ^ Cassidy, William B. (2018-02-07). "XPO to boost tech spending, make acquisitions in 2018". www.joc.com. Retrieved 2018-02-14.

External links[]

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