On the Road: Fastenal's frugal formula

How did one man’s prudent attitude spark a multibillion-dollar business empire? On a recent trip to the US, investment analyst Dr Oriana Beaumont visited Fastenal to understand how the industrial giant is still driven by its founder’s razor-sharp focus on cost control.

• Fastenal has transformed itself from a retailer of industrial products to a strategic supply-chain partner
• The Fastenal model continues to evolve, with roomy retail spaces being turned into high-efficiency warehouses dedicated to key accounts
• A cost-conscious founding philosophy drives innovation and benefits for customers

Resources:

• Beyond the ‘Korea Discount’: On the Road in South Korea (article)
  South Korea’s rich ecosystem of cutting-edge companies offers opportunities for investors. Investment manager Connor Graham reflects on some of the standout meetings from his recent week-long trip to the country.

The podcast is intended for investment professionals only and should not be construed as investment advice or a recommendation. Any stock examples discussed are given in the context of the theme being explored, and the views expressed are those of the presenters at the time of the recording.