Tractor Supply increases supply chain investments

 

Tractor Supply increases supply chain investments

Dive brief:

  • Tractor Supply Company plans to add three new distribution centers to its network over the next five years, bringing its total distribution count to 11 as the company accelerates investments in its supply chain, executives said on the company's Q2 earnings call.
  • Tractor Supply has already begun construction on its ninth distribution centre, which will cost $70million and be located in Navarre (Ohio). It is scheduled to be completed by the fall of 2022, according to a press release. The exact locations of the two next facilities are not yet known.
  • The facilities are part of $2.5 billion in planned capital expenses over the next five years, a plan which executives detailed in October. Kurt Barton, CFO, stated that "we are looking for an acceleration and would see us shifting some supply chain investments earlier than in the next few years."

Tractor Supply is expanding its distribution network

The new facility in Navarre, Ohio (red) is located relative to the existing facilities (blue). Two more facilities are yet to be announced.

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