GXO Logistics Continues To Write New Chapters In Its Evolving Story
On Oct. 12, 2021, GXO Logistics Chief Investment Officer Mark Manduca laid out the argument for why the Greenwich, Connecticut-based firm represent...
On Oct. 12, 2021, GXO Logistics Chief Investment Officer Mark Manduca laid out the argument for why the Greenwich, Connecticut-based firm represented a new breed of logistics company."This is a hard business to wrap your head around. There is no company out there that is scalable contract logistics," he told a virtual audience during a Deutsche Bank forum.Manduca was speaking less than three monthsafter GXO was spun out of XPO. He acknowledged that investors "don't really understand how to model" the business, which provides contracted logistics services with a focus on technology to manage supply chains and warehousing for its clients.