Verical, an Arrow Electronics, Inc. (NYSE:ARW) company, today announced that stocked electronic components on its online marketplace, Verical.com, have more than doubled since the beginning of the year, growing to nearly one million SKUs. This increase amounts to an additional $3 billion in traceable, warrantied and ready-to-ship components now available on the site—bringing the value of Verical’s total offerings to nearly $8 billion.
“We’ve added some exciting new manufacturers to Verical.com, which is helping to drive this notable expansion,” said Matt Anderson, Arrow’s chief digital officer. “Verical.com is an online marketplace where manufacturers come to sell, and customers come to buy, hard-to-find, warrantied, traceable electronic parts. Arrow recognizes that a robust and reliable inventory is key to the success of that e-commerce model.”
The latest components added to Verical.com include dynamic random-access memory (DRAM) and NAND flash memory modules, connectors, connector assemblies, field-programmable gate arrays (FPGAs) and programmable logic devices (PLDs). Verical plans to continue its aggressive inventory-growth strategy moving forward.
Arrow launched additional Verical.com features last month, including mobile compatibility, multilingual accessibility, a new homepage with an easy-access parts search and more prominent information about the manufacturers selling their warrantied, traceable parts through the online marketplace.
Verical.com boasts the world’s largest inventory of in-stock, warrantied and traceable components—over 500 of the world’s leading manufacturers and their franchised distributers publish their unsold, warrantied inventories at competitive prices on Verical.com. Listings are refreshed as often as every 10 minutes; components can be purchased in real-time and shipped almost immediately. Existing Arrow Electronics customers can easily use their payment terms, credit lines and pre-payment discounts on Verical.com.
About Arrow Electronics
Arrow Electronics (www.arrow.com) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Arrow serves as a supply channel partner for more than 100,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 460 locations in 56 countries.