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THIEF RIVER FALLS, Minn. – Global electronic components distributor Digi-Key Corporation, recognized by design engineers as having the industry’s largest selection of electronic components available for immediate shipment, today announced the signing of a global distribution agreement with Touch Revolution, a world leader in projected capacitive touch products.
Touch Revolution designs and manufactures embedded touch displays, touch sub-systems, and touch monitors in multiple sizes for OEM/ODMs and system integrators to help them quickly add an advanced touch interface to their products.
Touch Revolution was founded by industry pioneers in the touch device market with a vision of enabling the proliferation of intelligent connected touch devices. Innovative products such as the TRû™ Touch Monitors, Fusion™ Touch Displays, and NIMble™ Embedded Touch Computers provide solutions for capacitive touch needs at every level of the design process.
” Seagate's continued commitment to exploring business opportunities in emerging economies “
There are a lot of opportunities in the emerging markets that manufacturers can still explore. It makes sense that Seagate as a global leader, want to expend its business to other emerging economies.
Mosley cites the government's commitment to playing a role in the recovery of the electronics sector there. This type of strategy has led to success in the growth of high-tech in the Pacific rim and will no doubt further Thailand's recovery.
The big companies needs confidence of government and dedicated labor force to actually setup any manufacturing footprint in emerging markets. They also look for the complete Eco system of different suppliers to simplify the supply chain management. Mosley has said it right and surely they try to establish themselves in India during next three years.
Emerging regions have problems of their own. But its not easy for the manufactrer to shift its base all of a sudden. After all lot of money and time has gone in building up the infrastructure in these regions. Like in India what happened to Tata's when their SIngur plant was forced to be shifted due to political influences or what happened to Maruti Suzuki plant in Gurgaon due to labor violence. Its a tough situation but I guess then none of the manufacturer would like to move away. They rather would like to face the sitaution and win over.
I agree with your assertion but every region on earth faces with challenges of different forms – so also all make the world grow better and develop. Be it recession, poverty/austerity, natural disasters are challenges world is facing.
I recently read that western companies are planning to cut offshore manufacturing due to complex supply chain, increasing labor cost and political pressure. Tata's case is different as this is limited to one region only. I would rather see Tata's case as an example of how manufacturing will shift from one region to another if there is not enough policy and political support.
It's apparent Seagate is undeterred by Thailand's flood disaster which affected the company last year. Seagate like many other technological and manufacturing industries has realized business potentials and growth in this region and are willing to forge ahead despite challenges. Good on them.
@ stochastic,I agree. This sort of strategy coupled with the government backing will sure aid Thailand's recovery and will economically benefit Seagate too.
Anna:
Attitude is what matters the most for manufacturing concerns. You should be prepared and willing to move forward after a disaster and that is what differentiates good companies from the rest. Seagate is doing a great job in trying to expand business in this region and their attitude is commendable.
elctrnx_lyf:
There are many factors that are considered before actually setting up a manufacturing unit. Economic, political and infrastructural factors are always taken into consideration. Apart from these factors any other incentives from the Government like tax breaks etc further help to convince the manufacturer to come to a certain region.
Wale:
There will be challenges any where you go in the world. The thing is some of them will be foreseen and others will be unforeseen. The firms can mitigate risks that are foreseen while the unforeseen ones like floods, earthquakes etc cannot be mitigated unless they actually occur. Yes, you can plan for safety precautions and instill practices that will yield a minimum loss to the firm but there will be some kind of impact because of natural disasters. The key point is to get going again once you hit a roadblock!
@ Syedzunair, you're spot on. Seagate' strategy to cope after the disaster is what separates the wheat from the chaff so to say.
Thanks Anna. Lets just hope they continue with the current tradition and forget any natural disasters or calamities that have struck them in the past.
@wale, I understand your point. In effect it confirms this song by Kelly Clarkson- “what doesn't kill you makes you stronger” Isn't? I suppose it's the right thing for Seagate to do – planning, streamlining and strategy to cope and forge ahead despite its challenges.
I am curious if Seagate builds any backup facilities in other parts of Thailand or other parts of Asia ?