Direct vs. Indirect Supplier Management: A Closer Look

Back in the day, when factories served as the templates for developing business processes, the distinction between direct and indirect procurement spending was pretty straightforward: direct spend was focused on the things that went into your product – raw materials, components, subcontracted manufacturing services, and so on. Indirect spend, which some have leeringly referred to…

Molex Opens R&D Facility in New Jersey

Molex has announced the grand opening of a new research and development (R&D) facility in Bridgewater, New Jersey.  The building completion represents a significant investment by Molex in the future of optical wavelength solutions for telecommunications networks. Bridgewater Township Mayor Dan Hayes, Kathleen Coviello, vice president of technologies and life sciences investments, New Jersey Economic…

Avnet Distribution Center Becomes One of the Largest FTZs in Arizona

Leading global technology solutions provider Avnet (Nasdaq: AVT) has secured Foreign-Trade Zone authorization from the United States Bureau of Customs and Border Protection (CBP) for its McKemy Distribution Center in Chandler, Ariz. The designation reduces tariff recovery fees for its international customers as well as for domestic customers shipping abroad. Foreign-Trade Zone authorization also increases…

Arrow Signs Deal With Teltonika for EMEA

Global technology provider Arrow Electronics today announced a distribution agreement with Teltonika, a Lithuania-based IoT solutions provider with a 20-year track record, covering Europe, Middle East and Africa (EMEA). Teltonika`s products address industrial communication, asset and personnel tracking, and mobile machine-to-machine (M2M) communication. Teltonika offers a broad range of IoT-related solutions and has more than…

RMI and ICA Partner to Advance Responsible Copper Production

The Responsible Business Alliance (RBA), on behalf of its Responsible Minerals Initiative (RMI), and the International Copper Association, Ltd. (ICA), have signed a memorandum of understanding to jointly advance the responsible production and trade of copper. The RMI and ICA aim to harmonize expectations for responsible practices in the copper value chain by applying existing…

High Tech Weighs Risks & Rewards of Moving Beyond China

Country-of-origin adjustments can help U.S. high-tech companies minimize geographical risks and mitigate the impact of tariffs. But the strategy can be costly, complicated and risky; and a decision that’s not easily undone. Tariffs are not going to just disappear, market experts say. Even with a delay on certain Chinese-import tariffs, the likelihood of a cease…