In this article we are going to read about the 5 biggest wholesale companies in the world, based on Insider Monkey’s latest article. But at first, let’s make clear what a wholesaler means. The manufacturer products the goods and sell them to distributors, and they sell the bulk products to wholesalers. The wholesaler then sells the products to major and minor retailers in bulk, again. Retailers then sell the products to end consumers, for example you and me. The wholesale industry had a worth of $48,478 billion in 2020. Although wholesale is present all over the world, it’s main market is in the Asia Pacific region, which is densely populated and actually accounts for more than half of the global market share.
And now let’s see what Insider Monkey has investigated for us. We have opted for three companies as a brief summarize. Sinochem Group stands on the fifth spot. In 2019, its total revenue was $80,376 million, total profit was $473 million, and the total assets were $78,799, while the company employed 60,049 people. It’s a China-headquartered company, state-owned like the vast majority of the companies there. It’s main location is in Beijing, and was launched 71 years ago, in 1950. On the third spot, there’s another Asian company, Mitsui. In 2019, its total revenue was $63,327 million, total profit was $3,601 million, and the total assets were $109,247 while the company employed 45,624 people. Mitsui is a keiretsu, which means the company is involved in interlocking shareholdings and business holdings as well. Itochu is another Japanese company. In 2019, its total revenue was $100,522 million, total profit was $4,611 million, and the total assets were $101,042 while the company employed 151,430 people. Itochu is headquartered in both Osaka and Tokyo and is one of the most popular employers in Japan. It’s involved in trading textiles, real estate, chemical, energy. The company was launched in 1949. For more detailed information and companies, please click and jump to the list of the. biggest wholesale companies in the world.