#United States #Business Growth #Norwalk #LogicSource #Procurement Services

Celebrating Success: LogicSource's Remarkable Achievements

LogicSource, a pioneer in procurement services and technology, has recently garnered significant accolades from both Inc. and Boston Globe. These awards highlight the company’s remarkable growth trajectory and its exemplary performance in the competitive Northeastern market.

Awards and Recognition

In its most recent acknowledgement, LogicSource ranked #88 on the Inc. Regionals List, which features 951 noteworthy companies recognized for their rapid growth. Additionally, they earned a spot among New England's 50 fastest-growing companies as recognized by the Boston Globe in collaboration with Statista, boasting an impressive growth rate of 149%. This recognition confirms LogicSource's vital role and influence both locally and on a national scale.

Bonny Ghosh, the editorial director at Inc., emphasized the importance of these honorees, stating, "The honorees on this year's Inc. Regionals list are true trailblazers driving economic growth in their respective regions, industries, and beyond. This list celebrates their achievements and tells the stories of remarkable companies fueling growth and adding jobs in local economies throughout the country."

Founder’s Vision

At the helm of this thriving enterprise is Dave Pennino, the Founder and CEO of LogicSource. Hailing from Norwalk, Connecticut, Pennino has profoundly shaped the company's identity and growth over the years. With more than two decades of global leadership experience in strategic development and consulting, he has been dedicated to developing a business that not only excels in procurement services but also contributes positively to the Norwalk community.

He stated, “Watching LogicSource grow from a small business in Connecticut to a global company has been one of the most rewarding aspects of my career. The sustained growth and innovation we've seen is a testament to the talent and drive of this community.” Pennino expressed immense pride in standing alongside other recognized organizations, showcasing the entrepreneurial spirit thriving across New England.

Team Effort

The achievements of LogicSource are deeply intertwined with the dedication and hard work of its team members. Serving industries from consumer packaged goods to healthcare, the collective effort has further highlighted LogicSource's resilience and adaptive strategies in the market. The company’s accolades don’t stop here; it has previously been recognized by Supply Demand Chain Executive and Everest Group for its remarkable initiatives and leadership in the procurement space.

LogicSource specializes in empowering brands to enhance their purchasing strategies and effectively manage indirect and non-clinical costs, collaborating with some of the most renowned names, including lululemon and Cleveland Clinic. This strategic focus on indirect procurement, which typically consumes about 20% of an organization’s revenue, has set them apart from traditional consultants.

Conclusion

With the recent accolades from Inc. and Boston Globe, LogicSource is not only solidifying its position in the procurement landscape but is also gearing up to continue making impactful strides in the industry. Their commitment to ongoing innovation and a strong community impact ensures that they remain a key player in shaping the future of procurement services.

To discover more about LogicSource and their innovative outcomes, visit LogicSource.