Greenwich, Connecticut, USA: GXO Logistics highlighted its new Sainsbury’s contract when it posted second quarter results that showed revenue grew 11% year on year to £1.9bn ($2.4bn).
Sainsbury’s announced the changes to its distribution and warehousing earlier this year – GXO became its dedicated warehouse partner for fresh and frozen food.
Bill Fraine, GXO’s chief commercial officer, said: “With Sainsbury’s, we have already successfully gone live on two of the six sites that we were awarded in April – and these sites are doing millions of case picks per week.
“This highlights just how fast we can move on the ground. Sainsbury’s is a very exciting partnership for GXO, and it also showcases our leading capabilities for large outsourcing deals. As customers continue to seek large, transformative deals, we are in a prime position to convert more and more of the £234bn ($300bn) insourced market.”
Chief executive Malcolm Wilson said: “This quarter, we won our highest ever value of new sales wins – nearly £393m ($500m) – beating our prior record, which was set in the second quarter of 2022. Among our contracts signed this quarter are new partnerships and expansions with a terrific group of customers, including Boeing, Eddie Bauer, PepsiCo, Sainsbury’s, Schneider Electric and TJ Maxx.”
