A wholesaler buys goods in bulk from manufacturers and sells them on to other businesses, such as pharmacies, restaurants and retailers, rather than to the end consumer. Six large U.S. examples, by revenue in their latest annual reports: McKesson ($403.4 billion, fiscal year to 31 March 2026), Cencora ($321.3 billion, year to 30 September 2025), Costco ($303.2 billion, year to 30 August 2026), Cardinal Health ($254.2 billion, year to 30 June 2026), Sysco ($84.6 billion, year to 27 June 2026) and US Foods ($39.4 billion, year to 27 December 2025). The drug wholesalers are the biggest by sales but keep under 4 cents of gross profit per dollar.
How wholesalers make money
01
Buy in bulk, sell in smaller lots
Wholesalers buy large volumes at a discount and sell smaller quantities to many business customers, adding a mark-up and carrying the inventory risk in between.
02
Win on logistics
The product is often the same as a rival's; the difference is the network. McKesson's U.S. pharmaceutical business runs 27 distribution centres, Sysco ran 333 distribution facilities at 27 June 2026, and US Foods has over 70 facilities and more than 6,500 trucks.
03
Margins depend on what you move
Drug distributors keep very little per dollar: McKesson's gross margin was 3.6% in fiscal 2026 and Cardinal Health's about 3.8%. Food distributors keep more because they break bulk and deliver to many small kitchens: Sysco 18.5% and US Foods 17.4%.
04
Some also sell to the public
Costco is a warehouse club that sells bulk goods to paid members, both households and businesses. It earned $5.9 billion in membership fees in fiscal 2026 from 939 warehouses.
What changed in 2025-26
Drug wholesalers grew on expensive medicines
McKesson’s revenue rose 12% to $403.4 billion in fiscal 2026 and Cardinal Health’s rose to $254.2 billion. Cardinal Health says higher demand for GLP-1 medications lifted its revenue but did not meaningfully add to segment profit, which shows how thin the margin on a pass-through drug can be.
Food distributors fight for the independent restaurant
US Foods supplies about 250,000 customer locations and leans on its MOXē ordering platform and its Pronto delivery programme. Sysco lists club stores, online food wholesalers and competitors using AI and machine learning as sources of pressure on industry margins.
AI moves into the warehouse and the order
McKesson says it is in the early stages of exploring AI to improve productivity, Cencora says it is seeking to use AI to improve its operations, and Sysco calls its growing use of AI systems in operations a risk it must manage. For drug wholesalers keeping under 4 cents per dollar, small efficiency gains matter.
The list is not fixed
Rankings change with each filing. Performance Food Group, for example, reported $67.8 billion of revenue for the year to 27 June 2026, more than US Foods; tech distributors and private grocery wholesalers are also large.
Six U.S. wholesalers in their latest 10-K
McKesson
What it movesDrugs, medical-surgical supplies
Revenue and gross margin$403.4B, 3.6% (FY to 31 Mar 2026)
Cencora
What it movesDrugs
Revenue and gross margin$321.3B, 3.6% (FY to 30 Sep 2025)
Costco
What it movesBulk goods to paid members
Revenue and gross margin$303.2B incl. $5.9B membership fees (FY to 30 Aug 2026)
Cardinal Health
What it movesDrugs, medical products
Revenue and gross margin$254.2B, 3.8% (FY to 30 Jun 2026)
Sysco
What it movesFood and kitchen supplies
Revenue and gross margin$84.6B, 18.5% (FY to 27 Jun 2026)
US Foods
What it movesFood to restaurants and institutions
Revenue and gross margin$39.4B, 17.4% (FY to 27 Dec 2025)
What it means for you
Brands: a wholesaler buys you reach into thousands of small buyers you could not serve alone; price in its margin and payment terms.
Founders: in a thin-margin business, scale and logistics decide who wins; check the gross margin per dollar before you copy the model.
Restaurant and pharmacy owners: compare distributors on delivery reliability and ordering tools, not only on list price.
Investors: watch gross margin and mix; revenue from pass-through products like GLP-1 drugs can grow far faster than profit.
Operators: start AI where a fraction of a cent per dollar matters most, such as routing, inventory and order entry.
The Business Engineer lens
Wholesale is a scale and logistics game with margins measured in cents, so the first gains from AI are likely to come in routing, inventory and ordering rather than in new products. The Business Engineer reads the 2026 filings as a reminder that revenue size and profit pool are very different things in distribution.
McKesson, Cencora and Cardinal Health in drugs, Sysco and US Foods in food, and Costco as a warehouse club. McKesson reported $403.4 billion of revenue in the fiscal year to 31 March 2026.
What is the largest wholesaler in the U.S.?
Of the companies on this page, McKesson is the largest by revenue, with $403.4 billion in fiscal 2026 (year to 31 March 2026).
Why are drug wholesaler margins so low?
They pass through high-priced medicines for a small fee per dollar: McKesson's gross margin was 3.6% in fiscal 2026. Food distributors such as Sysco keep about 18.5% because they break bulk and deliver to many small kitchens.
Is Costco a wholesaler?
Costco is a membership warehouse club that sells bulk goods to households and businesses; it earned $5.9 billion in membership fees in fiscal 2026 from 939 warehouses.
The complete explainer, cleaned up and reformatted for mobile.
In short
The best-known wholesale examples move food, drugs or bulk goods to other businesses. By latest 10-K revenue: McKesson $403.4B, Cencora $321.3B, Costco $303.2B, Cardinal Health $254.2B, Sysco $84.6B and US Foods $39.4B, about $1.4 trillion together. Drug distributors are the largest but keep under 4¢ gross per dollar; food wholesalers keep 17–19¢.
How we source: company figures come from SEC filings (Form 10-K), with the fiscal period stated; search and marketing benchmarks come only from named, dated studies, linked. Frameworks and diagrams are labelled as ours. Last refreshed October 2026. Our methodology.
Six wholesalers, $1.4 trillion of goods moved. Source: Form 10-K, SEC EDGAR: McKesson (FY to 31 Mar 2026), Cencora (FY to 30 Sep 2025), Costco (FY to 30 Aug 2026), Cardinal Health (FY to 30 Jun 2026), Sysco (FY to 27 Jun 2026), US Foods (FY to 27 Dec 2025): revenue, gross profit, segment revenue, facilities, customer locations, case volume. Margins calculated. Bars to scale. Analysis by The Business Engineer.Drawing by The Business Engineer.
Wholesaler
Moves
Revenue
Gross margin
McKesson
Drugs
$403.4B
3.6%
Cencora
Drugs
$321.3B
3.6%
Costco
Club goods
$303.2B
11.1%*
Cardinal Health
Drugs, medical
$254.2B
3.8%
Sysco
Food
$84.6B
18.5%
US Foods
Food
$39.4B
17.4%
Source: latest Form 10-K, SEC EDGAR: McKesson FY to 31 Mar 2026; Cencora FY to 30 Sep 2025; Costco FY to 30 Aug 2026; Cardinal Health FY to 30 Jun 2026; Sysco FY to 27 Jun 2026; US Foods FY to 27 Dec 2025. Margins calculated. *Costco: merchandise margin.
The examples, one by one
McKesson
The largest of these wholesalers by revenue: $403.4B in fiscal 2026, up 12%, with 27 U.S. distribution centers in its pharmaceutical business (10-K).
Cencora
Formerly AmerisourceBergen; $321.3B in the year to 30 September 2025, at a 3.6% gross margin (10-K).
Costco
A warehouse club: bulk goods to 84.1M paid members, households and businesses, from 939 warehouses; membership fees $5.9B in fiscal 2026 (10-K). See Costco business model.
Cardinal Health
Drug and medical-products distribution: $254.2B in the year to 30 June 2026 (10-K).
Sysco
The larger of the two U.S. broadline food distributors here: $84.6B in fiscal 2026 from 333 distribution facilities in North America and Europe (10-K).
US Foods
Broadline foodservice: $39.4B in 2025, about 250,000 customer locations, 70+ distribution facilities and 6,500+ trucks (10-K).
The earlier version of this page also covered Trafigura and Toyota Tsusho (commodity and trading houses); their text is kept in the earlier-analysis section below.
Earlier analysis and background (pre-2026 figures)
The text below is the earlier version of this page. Its figures refer to earlier periods and some were corrected above; the current, sourced figures are in the sections above.
FourWeekMBABusiness EngineerAt a glance
The wholesaler relies on economies of scale to receive a discount price from the manufacturer and then adds mark-up before selling to the merchant.
Sysco is the largest wholesale foodservice distributor in the United States.
McKesson reported full-year revenue of $238.2 billion in May 2021.
The company sources raw commodities from miners and fossil fuel producers and, like Costco, supplies end-users which include power plants, construction companies, and state governments.
Layout refreshed 7 October 2026. The article text below is unchanged.
Why it mattersFrom the article
The wholesaler relies on economies of scale to make a profit.
Market Influence: Wholesale businesses significantly impact various industries by connecting suppliers and merchants, ensuring a smooth flow of goods, and contributing to the overall supply chain.
Visual overview and quick answers (tap to expand)
BUSINESS CONCEPT
Wholesale Examples
A wholesale business purchases goods in bulk from a supplier and then sells them to other merchants in smaller quantities. The wholesaler relies on economies of scale to make a profit. Most wholesale businesses do not sell to the end-user. However, two exceptions are commodities trader Trafigura and big-box retailer Costco. Sysco is the largest wholesale foodservice distributor in the United States while McKesson Corporation is the largest distributor of pharmaceutical drugs and various other healthcare products and technology.
Visual Overview
Key Components
Introduction
A wholesale business purchases goods in bulk from a supplier and then sells them to other merchants in smaller quantities.
Costco
Costco, also known as Costco Wholesale Corporation, is an American multinational big-box retail chain founded by James Sinegal, Jeffrey Brotman, Sol Price, and Robert Price in 1976.
Trafigura
Trafigura is a Singaporean commodity wholesaler that was established in 1993. The company sources raw commodities from miners and fossil fuel producers and, like Costco, supplies end-users which include power plants, construction companies, and…
Sysco
Sysco Corporation is an American multinational involved in the wholesale distribution of kitchen equipment, food products, and tabletop items to restaurants, schools, and health facilities.
Toyota Tsusho
Toyota Tsusho is a trading arm of the Toyota Group of companies. The corporation’s primary function is to support Toyota’s automotive division and supply other vehicle manufacturers with wholesale parts.
McKesson Corporation
McKesson Corporation is the largest distributor of pharmaceutical drugs, healthcare technology, care management devices, and medical supplies in North America.
Real-World Examples
AlibabaCostcoGoogleToyota
Quick Answers
What is Introduction?
A wholesale business purchases goods in bulk from a supplier and then sells them to other merchants in smaller quantities. The wholesaler relies on economies of scale to receive a discount price from the manufacturer and then adds mark-up before selling to the merchant.
What is Costco?
Costco, also known as Costco Wholesale Corporation, is an American multinational big-box retail chain founded by James Sinegal, Jeffrey Brotman, Sol Price, and Robert Price in 1976.
What is Trafigura?
Trafigura is a Singaporean commodity wholesaler that was established in 1993. The company sources raw commodities from miners and fossil fuel producers and, like Costco, supplies end-users which include power plants, construction companies, and state governments.
Key Insight
A wholesale business purchases goods in bulk from a supplier and then sells them to other merchants in smaller quantities. The wholesaler relies on economies of scale to make a profit. Most wholesale businesses do not sell to the end-user. However, two exceptions are commodities trader Trafigura and big-box retailer Costco.
Exec Package + Claude OS Master Skill | Business Engineer Founding Plan
FourWeekMBA x Business Engineer | Updated 2026
Introduction
A wholesale business purchases goods in bulk from a supplier and then sells them to other merchants in smaller quantities. The wholesaler relies on economies of scale to receive a discount price from the manufacturer and then adds mark-up before selling to the merchant. Most merchants are not the end-user of the product, but as we will discover later, there are exceptions to this rule.
Wholesalers play an important role in the market. They maintain supply-demand equilibrium by storing goods until there is merchant demand. What’s more, a wholesaler is responsible for the distribution and transportation of goods from their warehouse and bears the risks associated with product shrinkage or fluctuations in demand.
The rest of this article will be devoted to discussing some specific wholesale business examples.
Costco
Costco makes most of its money from selling merchandise products at low cost, yet in bulk, through its warehouses, which act as stores, and a small, yet much higher margin chunk of revenue comes from its memberships. For instance, in 2023, Costco made over $242 billion in revenue, of which $4.58 billion came from membership revenue.
Costco, also known as Costco Wholesale Corporation, is an American multinational big-box retail chain founded by James Sinegal, Jeffrey Brotman, Sol Price, and Robert Price in 1976.
Costco is a membership-only warehouse that requires consumers to purchase a membership before they can shop. The company is somewhat unusual in that it is a retailer and a wholesaler at the same time. In other words, Costco purchases wholesale products from the manufacturer and sells them to the end-user. However, the company also sells the same goods to other businesses under a more traditional wholesale business model.
FourWeekMBABusiness EngineerTimeline, as stated in the article
1976
Costco, also known as Costco Wholesale Corporation, is an American multinational big-box retail chain founded by James Sinegal, Jeffrey Brotman, Sol Price, and Robert Price in 1976.
1993
Trafigura is a Singaporean commodity wholesaler that was established in 1993.
2021
McKesson reported full-year revenue of $238.2 billion in May 2021.
2021
Despite only existing for approximately 30 years, Trafigura is the largest private meta — as explored in the interface layer wars reshaping consumer tech — ls trader in the world with total revenue for 2021 of $231.3 billion.
Trafigura
Trafigura is a Singaporean commodity wholesaler that was established in 1993. The company sources raw commodities from miners and fossil fuel producers and, like Costco, supplies end-users which include power plants, construction companies, and state governments.
Sysco Corporation is an American multinational involved in the wholesale distribution of kitchen equipment, food products, and tabletop items to restaurants, schools, and health facilities. The company also distributes products to hotels and other food services companies such as Sodexo and Aramark.
Sysco is the largest wholesale foodservice distributor in the United States.
Toyota Tsusho
Toyota Tsusho is a trading arm of the Toyota Group of companies. The corporation’s primary function is to support Toyota’s automotive division and supply other vehicle manufacturers with wholesale parts.
However, Toyota Tsusho is a vast company with additional interests in metals, machinery, energy, chemicals, electronics, food and customer service, and logistics.
McKesson Corporation
McKesson Corporation is the largest distributor of pharmaceutical drugs, healthcare technology, care management devices, and medical supplies in North America.
Wholesale Business Overview: Wholesale businesses purchase goods in bulk from suppliers and sell them in smaller quantities to other merchants, relying on economies of scale for profitability. They often don’t sell directly to end-users, but there are exceptions.
Role of Wholesalers: Wholesalers help maintain supply-demand balance by storing goods until merchant demand arises. They handle distribution, transportation, and sometimes even bear risks associated with products.
Costco: Costco is a membership-based big-box retail chain that operates as both a retailer and a wholesaler. It purchases products in bulk and sells to both end-users and businesses under a single-step distributionstrategy.
Trafigura: Trafigura is a commodity wholesaler based in Singapore, sourcing raw commodities from miners and fossil fuel producers. It supplies end-users like power plants, construction companies, and state governments.
Sysco Corporation: Sysco is the largest wholesale foodservice distributor in the United States, supplying kitchen equipment, food products, and more to restaurants, schools, health facilities, hotels, and other food service companies.
Toyota Tsusho: Toyota Tsusho, a trading arm of the Toyota Group, supports Toyota’s automotive division and supplies wholesale parts to other vehicle manufacturers. It also has interests in various industries.
McKesson Corporation: McKesson Corporation is North America’s largest distributor of pharmaceutical drugs, healthcare technology, medical supplies, and more. It plays a vital role in the healthcare industry.
Business Diversity: Some wholesale companies diversify their interests beyond their primary industries, as seen with Toyota Tsusho’s involvement in metals, machinery, energy, and more.
Market Influence: Wholesale businesses significantly impact various industries by connecting suppliers and merchants, ensuring a smooth flow of goods, and contributing to the overall supply chain.
Additional Case Studies
Case Study · Description · Application in Wholesale
Costco
Description: Costco Wholesale Corporation is a global retailer known for its warehouse club model. It offers bulk products to members at discounted prices.
Application in Wholesale: – Membership-based model to provide exclusive access – Bulk purchasing and discounts to attract and retain customers – Efficient supply chain management to lower costs and prices
Sysco Corporation
Description: Sysco is a leading foodservice distribution company that supplies restaurants, hotels, and healthcare facilities with food and related products.
Application in Wholesale: – Streamlined distribution and delivery processes – Inventory management and just-in-time delivery to reduce waste – Extensive product variety to meet diverse customer needs
Grainger
Description: W.W. Grainger, Inc. is a distributor of maintenance, repair, and operating (MRO) supplies. It serves businesses with essential products and services.
Application in Wholesale: – Vast catalog of MRO products – Online ordering and e-commerce capabilities for convenience – Inventory management solutions to optimize supply chain – Focus on customer service and support
Alibaba Group
Description: Alibaba is a global e-commerce and technology conglomerate. It operates various online marketplaces connecting wholesalers, retailers, and consumers.
Application in Wholesale: – Digital platforms for B2B and B2C transactions – Facilitating global trade and cross-border transactions – Providing a wide range of products and suppliers – Data-driven insights to enhance sourcing
Cardinal Health
Description: Cardinal Health is a healthcare services company specializing in pharmaceutical distribution and supply chain management.
Application in Wholesale: – Efficient pharmaceutical distribution network – Compliance and regulatory expertise in healthcare – Inventory optimization for healthcare facilities – Value-added services to support healthcare providers
McKesson Corporation
Description: McKesson is a pharmaceutical distribution and healthcare solutions company. It plays a vital role in delivering healthcare products to various healthcare providers.
Application in Wholesale: – Extensive pharmaceutical distribution network – Technology solutions for healthcare providers – Streamlined logistics and supply chain management – Focus on patient safety and healthcare efficiency
HD Supply Holdings
Description: HD Supply is a distributor of maintenance, repair, and construction (MRC) products primarily serving professional customers in the construction industry.
Application in Wholesale: – Specialized focus on MRC products – Local and national distribution capabilities – E-commerce platform for easy ordering – Expertise in the construction industry to meet specific needs
DHL Supply Chain
Description: DHL Supply Chain is a global logistics and supply chain management company that provides warehousing and distribution services to various industries.
Application in Wholesale: – Warehousing and distribution services for various industries – Inventory management and supply chain optimization – Technology-driven solutions for visibility and efficiency – Focus on sustainability and environmental impact
Staples
Description: Staples is a retailer specializing in office supplies, business services, and technology products.
Application in Wholesale: – Wide range of office supplies and technology products – E-commerce platform for business customers – Customized procurement solutions for businesses – Focus on sustainability and responsible sourcing
C&S Wholesale Grocers
Description: C&S Wholesale Grocers is one of the largest wholesale grocery supply companies in the United States, serving supermarkets and other retailers.
Application in Wholesale: – Extensive distribution network for grocery products – Inventory management solutions for retailers – Private-label brands and customization options – Focus on sustainability and reducing environmental impact
A wholesale business purchases goods in bulk from a supplier and then sells them to other merchants in smaller quantities. The wholesaler relies on economies of scale to receive a discount price from the manufacturer and then adds mark-up before selling to the merchant. Most merchants are not the end-user of the product, but as we will discover later, there are exceptions to this rule.
What is Costco?
Costco, also known as Costco Wholesale Corporation, is an American multinational big-box retail chain founded by James Sinegal, Jeffrey Brotman, Sol Price, and Robert Price in 1976.
What is Trafigura?
Trafigura is a Singaporean commodity wholesaler that was established in 1993. The company sources raw commodities from miners and fossil fuel producers and, like Costco, supplies end-users which include power plants, construction companies, and state governments.
What is Sysco?
Sysco Corporation is an American multinational involved in the wholesale distribution of kitchen equipment, food products, and tabletop items to restaurants, schools, and health facilities. The company also distributes products to hotels and other food services companies such as Sodexo and Aramark.
What is Toyota Tsusho?
Toyota Tsusho is a trading arm of the Toyota Group of companies. The corporation’s primary function is to support Toyota’s automotive division and supply other vehicle manufacturers with wholesale parts.
What is McKesson Corporation?
McKesson Corporation is the largest distributor of pharmaceutical drugs, healthcare technology, care management devices, and medical supplies in North America.
What is Introduction?
A wholesale business purchases goods in bulk from a supplier and then sells them to other merchants in smaller quantities. The wholesaler relies on economies of scale to receive a discount price from the manufacturer and then adds mark-up before selling to the merchant. Most merchants are not the end-user of the product, but as we will discover later, there are exceptions to this rule.
What is Costco?
Costco, also known as Costco Wholesale Corporation, is an American multinational big-box retail chain founded by James Sinegal, Jeffrey Brotman, Sol Price, and Robert Price in 1976.
What is Trafigura?
Trafigura is a Singaporean commodity wholesaler that was established in 1993. The company sources raw commodities from miners and fossil fuel producers and, like Costco, supplies end-users which include power plants, construction companies, and state governments.
What is Sysco?
Sysco Corporation is an American multinational involved in the wholesale distribution of kitchen equipment, food products, and tabletop items to restaurants, schools, and health facilities. The company also distributes products to hotels and other food services companies such as Sodexo and Aramark.
What is Toyota Tsusho?
Toyota Tsusho is a trading arm of the Toyota Group of companies. The corporation’s primary function is to support Toyota’s automotive division and supply other vehicle manufacturers with wholesale parts.
What is McKesson Corporation?
McKesson Corporation is the largest distributor of pharmaceutical drugs, healthcare technology, care management devices, and medical supplies in North America.
What is Introduction?
A wholesale business purchases goods in bulk from a supplier and then sells them to other merchants in smaller quantities. The wholesaler relies on economies of scale to receive a discount price from the manufacturer and then adds mark-up before selling to the merchant. Most merchants are not the end-user of the product, but as we will discover later, there are exceptions to this rule.
What is Costco?
Costco, also known as Costco Wholesale Corporation, is an American multinational big-box retail chain founded by James Sinegal, Jeffrey Brotman, Sol Price, and Robert Price in 1976.
What is Trafigura?
Trafigura is a Singaporean commodity wholesaler that was established in 1993. The company sources raw commodities from miners and fossil fuel producers and, like Costco, supplies end-users which include power plants, construction companies, and state governments.
What is Sysco?
Sysco Corporation is an American multinational involved in the wholesale distribution of kitchen equipment, food products, and tabletop items to restaurants, schools, and health facilities. The company also distributes products to hotels and other food services companies such as Sodexo and Aramark.
What is Toyota Tsusho?
Toyota Tsusho is a trading arm of the Toyota Group of companies. The corporation’s primary function is to support Toyota’s automotive division and supply other vehicle manufacturers with wholesale parts.
What is McKesson Corporation?
McKesson Corporation is the largest distributor of pharmaceutical drugs, healthcare technology, care management devices, and medical supplies in North America.
Frequently Asked Questions
What is Wholesale Examples?
A wholesale business purchases goods in bulk from a supplier and then sells them to other merchants in smaller quantities. The wholesaler relies on economies of scale to make a profit. Most wholesale businesses do not sell to the end-user. However, two exceptions are commodities trader Trafigura and big-box retailer Costco.
What is Introduction?
A wholesale business purchases goods in bulk from a supplier and then sells them to other merchants in smaller quantities. The wholesaler relies on economies of scale to receive a discount price from the manufacturer and then adds mark-up before selling to the merchant. Most merchants are not the end-user of the product, but as we will discover later, there are exceptions to this rule.
What is Costco?
Costco, also known as Costco Wholesale Corporation, is an American multinational big-box retail chain founded by James Sinegal, Jeffrey Brotman, Sol Price, and Robert Price in 1976.
What is Trafigura?
Trafigura is a Singaporean commodity wholesaler that was established in 1993. The company sources raw commodities from miners and fossil fuel producers and, like Costco, supplies end-users which include power plants, construction companies, and state governments.
What is Sysco?
Sysco Corporation is an American multinational involved in the wholesale distribution of kitchen equipment, food products, and tabletop items to restaurants, schools, and health facilities. The company also distributes products to hotels and other food services companies such as Sodexo and Aramark.
What is Toyota Tsusho?
Toyota Tsusho is a trading arm of the Toyota Group of companies. The corporation’s primary function is to support Toyota’s automotive division and supply other vehicle manufacturers with wholesale parts.
What is McKesson Corporation?
McKesson Corporation is the largest distributor of pharmaceutical drugs, healthcare technology, care management devices, and medical supplies in North America.
Gennaro Cuofano is a CRO and tech executive who has worked in AI since late 2015, starting with bringing NLP, natural-language generation, voice and chatbot products to the marketing industry. His background is in law and finance: he holds a Master's degree in Law and an International MBA with an emphasis on corporate finance (LUISS Business School and the University of San Diego, 2012), and worked as a financial analyst at a real-estate investment firm in San Diego and as an assistant controller. His work focuses on business model strategy, business engineering and, more broadly, structural analysis: how companies make money, read from their own filings. He created FourWeekMBA and leads research there and at The Business Engineer, his newsletter on AI and business strategy, with over 95,000 subscribers and more than 1,000 published analyses. His writing has also appeared on Entrepreneur (for example, How to Digitize a Family Business in Europe) and HackerNoon. Find him on LinkedIn and Substack. See how we source.
The Business Engineer readThe Future of Retail Various transitions have occurred in the retail industry over the last fifty years, fundamentally changing it.Read on businessengineer.ai →
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