The company’s digital transformation began with significant investments in upgrading its ecommerce platform, modernizing its supply chain and other critical initiatives, according to CEO John Engel. Wesco Co., a leading public distributor of industrial supplies, electrical products, lighting systems and power distribution equipment, has invested $270 million toward its $500 million digital transformation initiative. The company’s digital transformation began with significant investments. Initially, it set out to upgrade its ecommerce platform, modernize its supply chain and pursue other critical initiatives, according to CEO John Engel. How Wesco is investing in digital transformation “The next phase will focus on advancing new technologies, including artificial intelligence and other digital innovations,” Engel announced at Wesco’s 2024 Annual Investors Day conference. “We are positioned for sustained outperformance, with strong growth driven by secular trends such as AI-powered data centers, increased electrification, IoT [internet of things], automation and the re-shoring of global supply chains.” Engel highlighted several achievements. They included the integration of generative AI analytics and automation of order fulfillment processes. Wesco also put resources into the development of new digital tools aimed at improving working capital efficiency. “We are now more than halfway through building out these new technologies and capabilities,” he […]
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