Expeditors International of Washington, Inc. or Avery Dennison Corporation: Who Manages SG&A Costs Better?

Who Manages SG&A Costs Better?

In the competitive landscape of logistics and manufacturing, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, Avery Dennison Corporation and Expeditors International of Washington, Inc. have demonstrated contrasting approaches to SG&A management.

Avery Dennison Corporation: A Steady Climb

From 2014 to 2023, Avery Dennison's SG&A expenses have shown a consistent upward trend, peaking in 2022 with a 15% increase from 2014. This steady climb reflects the company's strategic investments in growth and innovation, despite the challenges posed by fluctuating market conditions.

Expeditors International: A Rollercoaster Ride

Conversely, Expeditors International experienced a more volatile SG&A trajectory. Notably, their expenses dropped by over 50% from 2019 to 2021, indicating a significant cost-cutting initiative. However, a slight rebound in 2023 suggests a recalibration of their operational strategies.

In conclusion, while Avery Dennison's approach reflects a growth-oriented strategy, Expeditors International's fluctuating expenses highlight a focus on cost efficiency.