sur GPO Plus, Inc. (NASDAQ:GPOX)
GPO Plus, Inc. Announces Strategic Growth Initiatives
GPO Plus, Inc. has released a shareholder update highlighting significant achievements and strategic initiatives aimed at sustainable growth. The AI-powered distributor focuses on revolutionizing distribution through its Direct Store Delivery model.
Key initiatives include the launch of the DISTRO+ Cash & Carry, aimed at reducing sales lead times, and the expansion of call center operations. A direct-to-consumer approach is also planned, enhancing brand visibility and profitability.
Financially, the company reported an 11% increase in gross revenues and a significant reduction in operational expenses. Moreover, gross margins improved from 15% to 28%.
GPO Plus has also integrated AI to boost productivity and completed upgrades to its Lubbock facility. The Las Vegas warehouse and call center expansions also signify the company's growth trajectory.
R. E.
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