IFCO Sees 16% Growth in One Year
PULLOCH, GERMANY - IFCO delivered annual revenues of $992 million (USD) for the 2016 fiscal year, which marks a 16% spike in year over year growth.
“Fiscal year 2016 was an incredible year for our company,” said Wolfgang Orgeldinger, CEO of IFCO, according to a press release. “This high rate of growth is a testament to the value our customers receive from their use of our products. We are very grateful to all of our customers, suppliers, and employees worldwide for their support.”
One of the major factors the company credited was increased use of IFCO RPCs by its current retailer customers, which the company said are continuing to realize greater efficiencies and product quality benefits through increased supply chain standardization.
Other key highlights attributed to the growth IFCO saw over the last year include:
- Major new retailer contracts, particularly in Europe
- Expansion into new markets via acquisitions of market leading RPC providers in Japan, Chile, and Colombia
- Expansion of solutions for fresh products beyond fruit and vegetables, like adoption of IFCO RPCs for meat and eggs, and the launch of new solutions for bread and seafood
IFCO also invested in new innovations to enhance its service offerings to customers, including the launch of the proprietary SmartGuardian™ RPC wash process control technology, a variety of innovative merchandising solutions, its new wood grain RPC for use in an expanded partnership with Walmart US, and peer-reviewed Life Cycle Analysis study comparing IFCO’s RPCs to single-use cardboard boxes.
“Our customers worldwide are focused on delivering the freshest food to consumers in the most efficient way possible, and we are committed to helping them achieve this,” said Orgeldinger. “Our business is growing because IFCO RPCs reduce costs and environmental impact and improve product quality and efficiency throughout the supply chain.”
While all regions of its more than 50 countries contributed to the growth of the company, Europe remains IFCO’s largest market. The company said that it will continue its strong growth strategy in all markets, as well as introduce a new brand campaign to better align the company’s image with its mission and rapidly-growing, diverse business.
Stay tuned for more information about the global launch of this exciting new step, slated for September 13th.