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Sysco

Leading global provider of food products to customer around the world.

Categories

Retail and Consumer Goods  

#572

Rank

$36.56B

Marketcap

US United States

Country

Sysco
Leadership team

Aaron E. Alt (EVP & CFO)

Ajoy Hari Karna (SVP-Finance & Strategy)

Industries

Retail and Consumer Goods

Products/ Services
beverages, meat, sea food, flood service supplies, diary
Number of Employees
Above 50,000
Headquarters
Houston, Texas, United States
Established
1969
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0000096021
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
SYY
Social Media
Overview
Location
Summary

Sysco focuses on the distribution of food products to restaurants, hotels, and other hospitality businesses. Sysco is the global leader in selling, marketing, and distributing food and non-food products to restaurants, healthcare, and educational facilities, lodging establishments, and other customers around the world.

Sysco has been in business since 1969. The company’s mission is to be the customer’s most valued and trusted partner, delivering superior financial returns while providing quality food and related products and services. With a global network of more than 500 locations, Sysco serves more than 500,000 customers, including independent and multi-unit restaurants, healthcare and hospitality entities, schools, and governmental facilities.

Sysco’s product offerings include a vast selection of fresh, frozen, and dry goods, as well as speciality items. In addition, the company offers a wide selection of equipment and supplies, such as plates, napkins, and kitchen utensils. Sysco also offers a broad range of services, including menu development, food safety training, and nutrition consulting.

History

Sysco Corporation is an American multinational corporation that distributes food products, smallwares, kitchen equipment, and tabletop items to restaurants, healthcare and educational facilities, lodging establishments, and other customers who prepare meals away from home. The company was founded in 1969 by John F. Baugh and Harry Rosenthal in Houston, Texas, and is currently headquartered in Houston.

Sysco originally stood for Systems and Services Company, but the name was later changed to Sysco Corporation. The company began as a regional distributor of food products in Houston, Texas, and quickly expanded to other cities in Texas and eventually throughout the United States. Sysco's growth was driven by several key acquisitions, including the purchase of Houston-based Frost-Parker in 1973, which gave the company a significant presence in the Gulf Coast region.

In the 1980s, Sysco continued to expand its operations, acquiring several food distribution companies and expanding into new geographic markets. In 1988, the company went public, and its stock began trading on the New York Stock Exchange. By the end of the decade, Sysco had become the largest foodservice distributor in the United States.

Throughout the 1990s and 2000s, Sysco continued to expand both organically and through acquisitions. In 1993, the company acquired the foodservice distribution division of the Wetterau supermarket chain, which added several new markets to its distribution network. In 1998, Sysco acquired Canadian foodservice distributor Harmony Foods, which marked the company's entry into the Canadian market. In the 2000s, Sysco made several acquisitions to expand its presence in Europe and Latin America.

Today, Sysco is one of the largest companies in the foodservice industry, with operations in the United States, Canada, Europe, and Latin America. The company has approximately 66,000 employees and serves more than 600,000 customer locations worldwide. Sysco's annual sales exceed $60 billion, making it one of the largest foodservice distributors in the world.

Mission

Sysco's mission is to be the global leader in selling, marketing, and distributing food products to restaurants, healthcare and educational facilities, lodging establishments, and other customers who prepare meals away from home. The company aims to provide its customers with high-quality products and services that meet their needs, while also helping them to reduce costs, increase efficiency, and improve their bottom line.

Sysco's mission statement is: “Our purpose is to provide our customers with the highest level of quality products and services. We strive to exceed our customers' expectations for quality, service, and value. We are committed to maintaining a safe, healthy, and environmentally responsible workplace. We believe that our success is based on our customers' success, and we are dedicated to providing the resources and support our customers need to succeed.”

Vision

Sysco's vision is to be the most valued and trusted business partner in the foodservice industry. The company seeks to achieve this by building long-term relationships with its customers, suppliers, and employees, and by delivering exceptional value through innovative products, services, and solutions.

Sysco's vision statement is: “We will be our customers' most valued and trusted business partner by delivering innovative products, services, and solutions that exceed their expectations. We will build long-term relationships with our customers, suppliers, and employees based on trust, integrity, and mutual respect. We will be recognized as a leader in sustainability, food safety, and social responsibility, and we will continually strive to improve our performance in these areas. We will foster a culture of excellence, teamwork, and accountability, and we will empower our employees to succeed and grow.”

Key Team

Edward D. Shirley (Executive Chairman)

Ali Pilatin (Chief Data Scientist)

Hans Koerber (Board Member)

Anita A. Zielinski (Senior Vice President - Chief Accounting Officer)

Hans-Joachim Körber (Board Member)

Aubrey Jones (VP of Finance & CFO, Sysco Cincinnati)

John M. Cassaday (Board Member)

Bradley M. Halverson (Board Member)

John M. Hinshaw (Board Member)

Brian Beach (Senior Vice President)

Joshua D. Frank (Board Member)

Brian R. Todd (SVP)

Kirk Joubert (Board Member)

Brian Wills (CTO, Supplies On The Fly, A Sysco Company)

Kevin P. Hourican (President and Chief Executive Officer)

Bradley M. Halverson (Board Member)

Daniel J. Brutto (Board Member)

Recognition and Awards
Fortune 500, Fortune Global 500 - In 2018, the company earned the Edison Award for its innovative SYSCO Anywhere program, which provides restaurants with a mobile ordering and delivery platform. - In 2020, Sysco was named one of America’s Most Responsible Companies by Newsweek magazine. - In 2020, the company won the International Foodservice Distributors Association’s award for its work in promoting responsible sourcing and sustainable practices.
Products and Services

Sysco's main product and service is the distribution of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other customers who prepare meals away from home. The company offers a wide range of food products, including fresh and frozen meats, seafood, dairy, produce, and bakery items, as well as non-food products such as kitchen equipment, smallwares, and tabletop items.

In addition to its core distribution business, Sysco also offers a range of services to its customers, including menu planning, culinary consulting, and supply chain management. The company also operates a number of specialty businesses that provide value-added products and services to its customers, such as Sysco Guest Supply (which offers hotel and lodging supplies) and Sysco Asian Foods (which specializes in Asian food products and ingredients). Overall, Sysco's main product and service is the provision of high-quality, reliable, and efficient foodservice distribution to its customers.

References
Sysco
Leadership team

Aaron E. Alt (EVP & CFO)

Ajoy Hari Karna (SVP-Finance & Strategy)

Industries

Retail and Consumer Goods

Products/ Services
beverages, meat, sea food, flood service supplies, diary
Number of Employees
Above 50,000
Headquarters
Houston, Texas, United States
Established
1969
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0000096021
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
SYY
Social Media