GPO Plus, Inc. announced on December 18, 2024, plans to significantly increase its product offering by upgrading its warehouse network of Regional Hubs and Mini Hubs to ambient temperature control and cooling. This enhancement will allow for the distribution of a wider range of sensitive products, including apparel.
The company will also integrate a Cash and Carry model into its warehouse network, which is expected to enhance service efficiency and open new revenue channels. This model will serve smaller retailers and maximize the utility of existing storage spaces.
These operational improvements are projected to increase annualized revenues by $3.0 million to $5.0 million over the next year. The upgrades are a strategic step to expand GPOX's market presence and product diversity within the convenience store and gas station distribution sector.
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