Kimberly Chin at Axios reports this morning on our acquisition of #Memphis-based Premier Packaging. “We are excited to welcome Premier Packaging to the Tide Rock portfolio,” said Brooks Kincaid. “Premier Packaging has earned a strong reputation with its customers. Their capacity to solve packaging and warehousing problems quickly and flexibly makes them an essential partner in today’s dynamic consumer goods supply chains." Ignacio Campos has been appointed CEO of Premier Packaging and will be working closely with Bill McNeil and Jason McAlister to take the company to the next level. "His expertise in growing and scaling multi-channel consumer goods and durables businesses, along with Bill’s deep expertise in the contract packaging solutions space, will be instrumental in taking Premier Packaging to the next level. We look forward to working with Premier Packaging to add complementary service offerings, grow with its existing customers, and bring its services to new customers,” Brooks continued. Tide Rock continues to expand its portfolio of services into new platforms with its unlevered buyout model. See Axios' story here: https://lnkd.in/gK34QC6T Press release: https://lnkd.in/gdv9HyFU #unleveredbuyout #contractpackaging #growth
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Account Executive @ Stord, The New Era of Supply Chain / Make supply chain a competitive advantage for our customers.
Stord is now available in Europe! Let's connect for more insights! #e-commerce #parcel #Stord #fulfillment #europe #america #fulfillmentthatgrowsrevenue&reducecosts #supplychainsolution #supplychaincloud #globalfulfillmentnetwork
2024 has been a massive year for Stord and our ability to provide our customers with the commerce enablement tools and fulfillment infrastructure to deliver products, and exemplary customer experience, cost effectively. Just 3 months ago, we expanded our operations across both North America and into Canada with the acquisition of ProPack. Now, we continue that growth by expanding into Europe with fulfillment locations across the United Kingdom and The Netherlands 🌐 This expansion helps American brands reach new markets with the same reliability, visibility, and economies of scale. This investment also allows Stord to ensure our partners have the ability to reach and delight their customers wherever they are around the globe. You can read more about this expansion here: https://lnkd.in/e-DtEBJA
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During and post-COVID, the #distribution sector has navigated a dynamic market landscape characterized by both challenges and opportunities. Private-label products allow distributors to mold their offerings to customers' needs and desires from start to finish, which is not possible with traditional distribution models. By defining a clear, bold objective and deploying the right team and customer-centric strategy, a private-label business can enjoy both low costs and high margins and set a steady course for success in an often unpredictable marketplace. This can be a critical factor in remaining competitive in an ever-shifting industry. #McKinsey #Distributors #Insights
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During and post-COVID, the #distribution sector has navigated a dynamic market landscape characterized by both challenges and opportunities. Private-label products allow distributors to mold their offerings to customers' needs and desires from start to finish, which is not possible with traditional distribution models. By defining a clear, bold objective and deploying the right team and customer-centric strategy, a private-label business can enjoy both low costs and high margins and set a steady course for success in an often unpredictable marketplace. This can be a critical factor in remaining competitive in an ever-shifting industry. #McKinsey #Distributors #Insights
The power of private-label brands in distribution
mckinsey.dsmn8.com
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During and post-COVID, the #distribution sector has navigated a dynamic market landscape characterized by both challenges and opportunities. Private-label products allow distributors to mold their offerings to customers' needs and desires from start to finish, which is not possible with traditional distribution models. By defining a clear, bold objective and deploying the right team and customer-centric strategy, a private-label business can enjoy both low costs and high margins and set a steady course for success in an often unpredictable marketplace. This can be a critical factor in remaining competitive in an ever-shifting industry. #McKinsey #Distributors #Insights
The power of private-label brands in distribution
mckinsey.dsmn8.com
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🚀 Retailers, it's time to boost your productivity with QWIPO! 🛒 Schedule your orders in advance, set reminders, and stay ahead of the competition. With QWIPO, keeping your shelves full and your business organized has never been easier. Let's make retail smarter, together! 💼✨ #RetailTips #ProductivityHacks #QWIPO #RetailSuccess #SmartOrdering #StayAhead #RetailSmarter
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Connors Group is packing for the RILA LINK Retail Supply Chain Conference, which will take place in Dallas, TX, from February 25 to 28. This event brings together retailers, grocers, and product manufacturers to discuss supply chain innovations. At RILA, we want to help you solve pressing retail and supply chain challenges, from optimizing operations to embracing innovation. We would love to chat with you if you're interested in: ▶️Tackling the war for talent and becoming an employer of choice ▶️Uncovering sustainable ways to drive cost per unit down ▶️Streamlining SG&A expenses effectively without cutting corners ▶️Measuring and improving supply chain efficiency accurately ▶️Finding solutions to common supply chain challenges impacting your bottom line ▶️Automating labor management for more predictable outcomes ▶️Future-proofing your retail and grocery DC operations with technology and automation ▶️Striking the right balance between managing labor costs and maintaining high service quality ▶️Learning how projects with Connors Group can drive a significant 7-10X ROI If these bullets catch your interest or reflect your challenges, let's connect! Connors Group is about finding answers, creating solutions, and driving efficiency in the most innovative ways. Visit us at Kiosk K-3 or message Jonathan Huesdash or Patrick James to schedule some time. #RILA #RILALINK #SupplyChain #Distribution #Retail #Grocery #IndustrialEngineering
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3 questions asked and answered in this blog by Matt Meyers, Yesler Founder and CEO, about QXOs announced $3.5 billion starting point and what it means for the LBM supply chain: 1) Who’s lunch will they eat? Hint: Might be yours. 2) Can they execute? There’s no industry experience on their team, but the wrong experience could make it even worse! I point out the two biggest areas of risk from the history of innovation in LBM. 3) How to compete? More questions for incumbents, clues for QXO. https://lnkd.in/g4SK_xA9 #lumber #buildingmaterials
The big 3 questions for QXO and the LBM Industry | YESLER
https://www.goyesler.com
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"As MSI Express continues to grow and gain capabilities, improve procurement of materials, share resources amongst operations, and provide more opportunities to employees, CEO, Charles Weinberg, emphasizes how important it is that the company never lose the flexibility of a small company that maintains a personal touch in customer care. “We're there if they need us, no matter when they need us. We’re always hungry to make things better, because you don't know where the next job’s coming from,” says Weinberg. He says the spirit of the small embodies customer perspective that MSI owns their brands and will protect them every day, and drive cost savings, sustainability improvements, and operational improvements." https://hubs.ly/Q02sByzG0 Please reach out to MSI Express' finest, Chuck Woods, and let's talk contract manufacturing & packaging strategy & solutions! MSI Express has 14 locations in 6 states to provide you with operational excellence & world class speed to market. MSI Express is a strategic, innovative contract manufacturing and packaging company. Our growing breadth of capabilities and trusted team of problem solvers are a perfect match for the challenges of today’s CPG world. https://hubs.ly/Q02sBlw50 #manufacturing #supplychainmanagement #innovation #MSIExpress #foodindustry #foodmanufacturing #packagingsolutions #foodandbeverage #sustainability #packaginginnovations #petfood #petfoodindustry #inc5000list #snackfood #gummies #supplements #consumerbehavior #packaging #foodbusiness #foodandbeverageindustry #food #foodandbeveragemanufacturing #innovation #supplychain #contractpackaging #contractmanufacturing #copack #copackager #packaging #cpg #cpgindustry #comanufacturer #brand #energy #compliance #foodsafety #quality
MSI's Growth and Experience Lead the Contracting Space
packworld.com
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AutoZone is often considered one the companies with the best ratio of stock return to business quality. The stock is up ~500x since its IPO. What is the story behind AutoZone? What has enabled a ~mediocre~ business to create so much value for its shareholders? Today we are exploring the story of an amazing American success 1) Its Founding AutoZone’s story starts in Forrest City, Arkansas in 1979. Entrepreneur J.R. “Pitt” Hyde III noticed there was a gap in the automotive parts industry. There weren’t any stores particularly focused on the do-it-yourself market. His vision was a one-stop shop allowing customers to find, purchase, and install auto parts themselves. AutoZone originally started as a division of Malone & Hyde, a wholesale grocer, and was just one of the many divisions operating under the Malone & Hyde brand. 2) KKR Enters the Scene A majority of AutoZone's parent company, Malone & Hyde, was sold to KKR in 1984 for $500mm, which also marked KKR’s first purchase of a public company. This came to be a pivotal move in the history of AutoZone as it provided access to capital and superior management for rapid expansion. By 1987, AutoZone had become so profitable that Hyde and KKR, in order to focus on growing AutoZone, sold off the other divisions of Malone & Hyde to Fleming companies for $600mm. 3) A Defining Moment and Going Public One of the defining moments in AutoZone’s history came with the creation of the Duralast brand in 1988. Duralast, which started as a line of starters and alternators, is AutoZone’s brand of auto parts offered at an affordable price. This proved to be a massive success for AutoZone, with $500mm in sales by the end of 1989. In April of 1991, AutoZone was listed publicly on the New York Stock Exchange as AZO, trading at an opening price of $27.50 per share. KKR held on to 68% of shares. The stock is up 500x since its IPO. 4) Magical Capital Allocation The most unique aspect of AutoZone’s financial performance, and another driver of its impressive stock performance, is its share buyback program. Since 1998, AutoZone has purchased 154.7mm shares of its own common stock, reducing the number available today to only 17.1mm and dropping its total share count 89% since IPO. Throughout the lifetime of the company, AutoZone has purchased nearly $40bn worth of its own stock, which has been a major factor in continued EPS growth and impressive stock performance. Bonus: Complete Article I have just included some of the sections of the 3,800-word article that was just published in the Pari Passu Newsletter, if you want me to send you the entire article for free, comment "Interested" and like this post! Pari Passu is an advanced investing newsletter and articles go behind paywall after being published. Make sure to subscribe now to get all future articles for free!
PP: Autozone Deep Dive
paripassu.substack.com
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Just came across an interesting article that suggests companies who failed to invest in their digital transformation are now the ones facing bankruptcy. Check it out: https://lnkd.in/gEMDRfKn Any opinions when the same trend may affect medical devices or other capital equipment? #servicebusiness #digitalsolutions #medicaldevices #servicesmarketing #servicemanagement
Popular fast-food chain closing without a bankruptcy filing
msn.com
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