Monday, October 2, 2023

Sysco LABS ascends LMD’s ‘Most Respected Entities in Sri Lanka’ rankings for 2023

Sysco LABS, the captive innovation center for Sysco, the world’s largest foodservice company, recently moved up 31 places in LMD’s ‘Most Respected Entities in Sri Lanka’ list for 2023. The technology corporate has risen to the 62nd spot in the ranking which features the country’s top 100 companies.

Sysco LABS has earned accolades across key attributes such as honesty, dynamism, corporate culture, HR and people management, CSR and sustainability. Now in its 19th edition, LMD’s ‘Most Respected Entities’ rankings are based on an annual independent survey that evaluates respondents based on a weighted ranking system. The exclusive survey is compiled and conceptualised by LMD and commissioned by NielsenIQ.

Speaking about the achievement, Rasika Karunatilake, Managing Director, Sysco LABS said: ” A higher rank on LMD’s ‘Most Respected Entities’ list, is a recognition of Sysco LABS’ commitment to excellence and reaffirms our positioning as the premier US technology corporate in Sri Lanka. We strive hard to create a positive company culture, nurture and grow our people and give back to the community. We are proud of our talented team for their unwavering dedication towards fostering innovation across the global foodservice industry”.

Sysco LABS’ ascent on LMD’s list reflects the company’s steady growth and unwavering dedication towards impacting a trillion-dollar industry and local communities.

Sysco LABS operates with the purpose of utilizing the power of technology to connect the world to share food and care for one another. The company’s digital engineering using leading edge technology and a customer centric approach, ensures the smooth function of more than 330 distribution facilities, and   global operations across 90+ countries.

About Sysco LABS:

Sysco LABS is the captive innovation arm of Sysco Corporation (NYSE: SYY), the world’s largest foodservice company. Sysco is a Fortune 500 company and the global leader in selling, marketing, and distributing food products to restaurants, healthcare, and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 70,000 colleagues, the company operates 330+ distribution facilities worldwide and serves approximately 725,000 customer locations. For fiscal year 2023 that ended July 1, 2023, the company generated sales of more than $76 billion.

Operating with the agility and tenacity of a tech–startup, powered by the expertise of the industry leader, Sysco LABS is perfectly poised to transform one of the world’s largest industries.

Sysco LABS’s engineering teams based out of Colombo, Sri Lanka and Austin and Houston, TX, innovate across the entire food service journey – from the enterprise grade technology that enables Sysco’s business, to the technology that revolutionizes the way that Sysco connects with restaurants and the technology that shapes the way those restaurants connect with customers.

Sysco LABS technology is present in the sourcing of food products, merchandising, storage and warehouse operations, order placement and pricing algorithms, the delivery of food and supplies to Sysco’s global network, the in-restaurant dining experience of the end-customer and much more.

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