Graybar: Best Supply Chain Management Solutions US 2016
Graybar is a specialist in supply chain management solutions. The company is a leading North American distributor of high-quality components, equipment, and materials for a number of industries.
Graybar’s sustained momentum and dedicated attention to achieving profitable growth has led the company to continuously surpass itself. Not only was the first quarter of 2016 record-breaking in terms of net sales, but so was the second quarter – creating a new record of $1.6 billion, rising 3.9% compared to the same period last year. With net sales of $3.1 billion in the first half of 2016 – a rise of 4.5% since last year – the firm is also set to surpass its 2015 record revenue of $6.1 billion. Net income for the first six months of the year also increased 8.3% to $40.7 million.
Through its distribution network and value-added services, including kitting and integrated solutions, Graybar is helping its customers to power and network their facilities with speed, intelligence, and efficiency. The company’s newest product offering encompasses all of these ideas: Graybar’s SmartReel is a one-of-a-kind portable wire and cable pay-out system that allows one person to move reels up to 5,000 lbs.
The company has become a vital link in America’s supply chain and continues to secure its position by adding sophisticated logistics and project management to all of its operations. The CFI.co judging panel is pleased to name Graybar winner of the 2016 Best Supply Chain Management Solutions US Award.
