Wesco International: Best Sustainable Supply Chain Strategy US 2022
Wesco International pulls from a 100-year legacy to build, connect, power and protect the world. The company was established as the distribution arm of the Westinghouse Electric and Manufacturing Corporation, bringing lighting and electrical products to municipal and business clients across the US. Consumer products were introduced in the 1940s while the following decades marked a period of institutional evolution. The separation of WESCO from Westinghouse in 1993 signalled a turning point in the development of the company. Between 1994 and 1999, Wesco completed several corporate acquisitions and in 1999 the company became publicly traded. In 2020, it acquired Anixter, an industry leader with complimentary capabilities in data communications, security, wire and cable. The Anixter acquisition was a transformational move that expanded Wesco’s global footprint and unlocked new possibilities along the value chain. Today, the new Wesco has emerged as number 200 on The Fortune 500™, with $20bn in annual revenue. Wesco now has more than 18,000 employees in 53 countries and nearly 1.5 million products in the line-up. It continues to fuel growth by focusing on sustainability and a customer-centric business model. As a responsible corporate citizen, Wesco aims to contribute to a more sustainable future through ESG-focused operations and initiatives. It engages with supplier partners to implement increasingly ambitious sustainability standards. In 2021, Wesco achieved a 23 percent reduction in the intensity of greenhouse gas emissions and a three percent improvement in fuel efficiency. It made Bloomberg’s Gender-Equality Index again and was recognised by Barron’s as one of The World’s Most Sustainable Companies. The CFI.co judging panel congratulates Wesco International, the 2022 award winner for Best Sustainable Supply Chain Strategy (US).
