The Business Journals - Week of October 25

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AWARD WINNING EDITORIAL

OCTOBER 25, 2021 VOL. 57, No. 42

INCLUDING THE HUDSON VALLEY WEEKLY SECTION

westfaironline.com

Crisis? What crisis?

Supply chain snafus be damned, says GXO exec. BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com

O

On the surface, this would seem to be an inopportune time to spin off a new company — and one in the

logistics sector at that. After all, the future of covid-19 is still uncertain, and the supply-chain crisis is only gaining momentum. But surfaces can be deceiving, says Mark Manduca, chief investment officer at GXO Logistics in Greenwich. The company formally began operations as a separate entity from XPO Logistics in August. “There are always opinions on when it’s an appro-

priate time, and when it’s a less appropriate time, to spin off,” Manduca told the Business Journal. “But we see ourselves as a solutions provider — we’re very much about discovering and discussing with our customers a problem and knowing how to solve that problem.” One challenge that GXO is facing is identifying what, precisely, it is. The company has about $7 billion in revenue, roughly $700 mil-

lion in EBITDA, and over 90,000 employees. And unlike XPO, whose fleet of trucks are common sights on roads around the world, GXO is not in the transportation business, but instead manages outsourced supply chains and warehousing for customers in 27 countries. But “warehousing” doesn’t mean what it used to. Manduca made headlines when he spoke earli-

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er this month at an online forum hosted by Deutsche Bank’s transportation research team and disputed the preconception that “what we're doing is pushing boxes around a warehouse by hand.” “I was surprised at how much that got covered,” Manduca chuckled. “But it’s really very simple. People still have this image

of a Dickensian warehouse from 1874, when you had a lot of people, boxes and racks in a warehouse. Every now and then the owner of that warehouse in 1874 would go to a 3PL (third-party logistics) company and have a discussion with them that lasted for six months over whether they could save him some

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» GXO

Mariano Rivera's Auto Group pitches new service center BY PETER KATZ Pkatz@westfairinc.com The Rivera Auto Group Inc., headed by former New York Yankees pitcher Mariano Rivera, has made a pitch for Mount Kisco to approve a site plan and special permit application so it can open a

new service center at 353 N. Bedford Road. At the same time, it is seeking approval to modernize its showroom and sales center at 325 N. Bedford Road. Rivera, a White Plains resident who was » MARIANO RIVERA

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