This month’s edition of Fortune includes the latest ranking of the world’s largest Global 500 corporations. We find this ranking much more meaningful, since it factors a global presence, which is the reality of today’s multi-industry supply chains. Fortune indicates that the Global 500 reside in 36 countries and based in 224 global based cities. Keep in mind that this ranking is by revenue size, not necessarily profitability. The 2014 rankings further provide certain realities.

The first is one related to geographic revenue share. For the 2014 ranking, the revenue share includes the reality that the bulk of the largest Global 500 reside in Asia based countries:

Asia                                 35.2 percent (China represents 19.8 percent)

Europe                            31.4 percent

North America               29.8 percent

South America               2.1 percent

All Other                         1.5 percent

Asia based growth has been steadily increasing since 2010. Revenues for European based Global 500 companies, on the other hand, have decline 6 percent since their peak in 2009, because of two significant recessions.

Of the top 25 listed ranking of the Fortune Global 500, retailer Wal-Mart continues to hold the number one ranking with a reported $485 billion in 2014 revenues. According to its 2014 Annual Report, the retailer now operates over 6100 retail units in 26 countries. Other noteworthy retailers appearing include CVS Health (#30), Costco Wholesale (#52), Kroger (#54), Tesco (#62), Carrefour (#64) Amazon (#88), Walgreens (#114) and Target (#117).

Global manufacturers within the top 25 ranked include four global automotive and parts companies, Volkswagen (#8), Toyota (#9), Daimler (#17) and General Motors (#21). Two consumer electronics, Samsung Electronics (#13), Apple (#15), and one diversified manufacturer: General Electric (#24), are further included.

Medical and pharmaceutical products distributor McKesson raised its ranking to #16, from a 2013 ranking of #29. Rival distributors AmeriSource Bergen were ranked #46, Cardinal Health (#84) and Walgreens Boots Alliance (#114).

Taiwan and China based contract and diversified manufacturing services provider Hon Hai Precision (aka Foxconn Electronics) was ranked #31 with reported revenues of $139 billion, rising one slot from 2013. Other CMS providers ranked include Pegatron (#355) and Flextronics (#453), reflecting a wide gap.

Commercial aerospace manufacturer Boeing was ranked #85, from #90 in 2013, while rival Airbus was ranked #106, from #103 in 2013. Major supplier United Technologies ranked #149.

Global-based consumer product goods corporate rankings highlights include Nestle (#70), Procter and Gamble (#100), Pepsico (#141), Unilever (#153) and Mondelez International (#348). Most have slipped since 2013 reflecting the impact of an industry with significant challenges. It is interesting to observe that certain retailers rank higher in terms of revenue.

High tech firms’ rankings for 2014 included Hewlett Packard (#53), Panasonic (#131), LG Electronics (#175), Intel (3182), Cisco Systems (#225), Lenovo Group (#231) and EMC (#487).

Among component manufacturers entering the Fortune 500 Global are Compal Electronics (#423), China Aerospace and Technology (#437), Taiwan Semiconductor Manufacturing (TSMC) (#472), Alcoa (#495).

In the global logistics and transport sector, Deutsche Post (owner of DHL Group) was ranked #111, UPS (#168), U.S. Postal Service (#137), A.P, Moeller-Maersk Group (owner of Maersk Lines)(#208) and FedEx (#238). We continued consolidation and M&A activity continuing to occur in this sector, we suspect the rankings of certain dominant firms within in this sector will rise further in the coming years.

Our business and supporting supply chain world has indeed become more internationally based and more influenced outside of North America. While certain top supply chain rankings may differ because of the added weighting of profitability and return-on-assets, the Fortune Global 500 provides the perspective of global influence and scale.

Bob Ferrari