GXO (company)

GXO Logistics (doing business as GXO) 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]

GXO Logistics, Inc.
TypePublic company
FoundedAugust 2, 2021 (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)
Revenue US$7 billion (2021)
Number of employees
75,000 (December 31, 2021)
Websitegxo.com
Footnotes / references
[1]

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.
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