Sysco

RANK179

Sysco is America’s biggest and most profitable wholesale food distributor. While the Houston company took in $60.1 billion in 2019, up 2.4% from the year prior, it slid seven places in the Global 500 rankings. Rising food costs, due to inflation and international tariffs, plus higher labor expenses, exacerbated by a shortage of commercial truck drivers, gnawed at the bottom line. Regardless, Sysco grew profits by 17% to $1.6 billion, partly through layoffs, subsidiary consolidation in France, and facility closures in Canada and Europe. Now, as the coronavirus pandemic shutters restaurants around the world, Sysco’s new CEO, Kevin Hourican, formerly of CVS Health, will have to figure out how to keep the business cooking.