Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
news headline on mobile for online information or media fyCH1zDO SBI 300166590 - Business Express
News Headline On A Mobile For Online Information Or Media

GXO in Partnership with Virgin Media Achieves Investor in Innovations Standard


25 October 2021

The world’s largest pure-play contract logistics provider, today announced that the Institute of Innovation and Knowledge Exchange (IKE Institute) the United Kingdom’s professional body for innovators, has awarded the Investor in Innovations Standard to GXO’s Virgin Media (GXO-VM) logistics operations.

The Investor in Innovations Standard aligned to the ISO 56002 international innovation guidance standard helps organisations to determine their innovation maturity level, recommends ways on how to improve and optimise their innovation interventions, and assesses the overall impact and value yielded from the innovation activities. This accreditation provides not only a benchmarking assessment of an organisation’s innovation capability, but it also gains structured feedback from customers and stakeholders, to improve external innovation relationships.

The GXO-VM organisation operates a primary distribution centre “the Big Red Shed” based in Wellingborough augmented by a network of 52 Little Red Sheds located at different spots throughout the UK, and is part of the US supply-chain logistics solutions giant GXO. The GXO-VM organisation has a well-established relationship with Virgin Media (VM) since 1999. Virgin Media is part of the Liberty Global organisation, which also includes other media and communication providers such as Telnet and UPC, and has also stakes in Vodafone Ziggo, ITV, All3Media, ITI, Lionsgate amongst others.

Richard Musgrove, GXO-VM’s Account Director said: “Our relationship with Virgin Media continues to strengthen through innovation to increase value to our customers and their userbase. The Investor in Innovations’ accreditation process, which included members of the Innovation Council drawn from other multinational businesses and academics has stress-tested our strategy, and validated our approach to optimising benefits from innovation investments to everyone. This recognition is a reflection of the collective achievements of all our colleagues and partners.”

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

Gavin Williams, GXO’s Managing Director for the UK and Ireland said: “We’re delighted to receive this prestigious innovation award. We’ve partnered with Virgin Media for more than two decades and built our business together on innovation and automation to create value for customers across the UK.”

Prof Sa’ad Sam Medhat, IKE Institute’s CEO said: “Technology and a proactive mindset were prominent features of the GXO-VM innovation strategy, and it’s how they shaped their competitive position,” said IKE Institute Chief Executive Officer Sa’ad Sam Medhat. “The GXO-VM leadership team’s ability to drive innovation and continuous improvement is exemplary. Their well-articulated innovation policy sets out clear ambitions for embracing transformative innovation. So, many congratulations to the GXO-VM team.”

Notes to editors:

IKE Institute
The Institute of Innovation and Knowledge Exchange (IKE Institute) is the UK’s professional body for innovators. It accredits, certifies and benchmarks innovation in such sectors as construction, defence, education, energy, electronics, nuclear, security, technology and transportation.

IKE Institute’s work is guided by the Innovation Council of over 50 c-suite executives that represent different economic sectors. The Institute runs think tanks, conducts research studies, delivers certified training, develops new business models and provides tools to support organisations in their strategic innovation developments. The Institute’s Innovation Manifesto highlights its commitment to support the development of innovative people and organisations. The IKE Institute is represented on the UK Scientific and Parliamentary Committee and the BSI/ISO Technical Innovation Committees amongst other innovation related boards, to influence the inter-relationship between education, business, and government through collaborative networks and knowledge exchange.

Recent Post: