Genuine Parts Company

Fuel, freight, and health care are mentioned most times during today's inflation conversations.

Word of a sneakier input to watch in coming months came from Genuine Parts, the parent of Napa and Motion Industrial Distribution Business.

Chief Financial and Operating Officer Bert Napier mentioned freight pressures, but also pointed to real estate getting pricier.

The rent expense pressure is really coming out of renewals happening in a post-COVID period.

So having said that, right now the dividend yield sits at 3.3%, which is a level that has not been seen since 1995 during the economic crisis.

Now, number two is GPC, which is Genuine Parts Company.

They're a consumer discretionary sector with a dividend yield of 3.31%, which is again, super in line with what I want between three and 4%.

If a stock is yielding three to 4%, I'm happy with a slow growth rate of like five or 6% per year or five to 10%, let's say.

No, ah.

So next up, we have Genuine Parts Company, GPC, which paid me just $3.05.

But it is a company that specializes in automotive care.

So if you guys are putting oil and transmission fluids and whatever other parts that your car needs, I wouldn't know.

Prior to entering academia, Richie worked for 10 years in managerial positions across several functional areas, including get this well-versed procurement, sales, retail, consulting, finishing, manufacturing.

warehousing, and logistics supply chain operations for two big companies out there, Scott Paper Company and Genuine Parts Company's S.P. Richards Division.

Now, joining Glenn here today is Matthew Brolsma.

Now, at SPS Commerce, Matt leads go-to market strategy for the company's supply chain performance platform, where he helps to empower enterprise retailers, distributors, and grocers to achieve operational excellence through smarter supplier collaboration.

Today I'm sitting down with Rob.

Rob has spent more than thirty years in technology leadership as a CIO, Chief Digital Officer, and Chief Strategy Officer across a genuine wide range of organizations, Genuine Parts being the one and the company behind NAPA Auto Parts, where he holds a patent and in-store digital kiosk, GM Bullion, a precious metal e-commerce retailer, a faith-based nonprofit serving thousands of churches.

And today he is the Chief Information Officer of Intertape Polymer Group.

Rob, welcome to the show.

So Sandra, that did come off a little rough, and the reason I said it was you kept saying that the NAPA stores are all owned by the same people.

In the state of Colorado, I pulled up the numbers, NAPA or GPC, Genuine Parts Company, which is who owns NAPA, they only own 30 to 35% of the stores in Colorado.

Oh.

All the other ones are independently owned.