Avnet FY Q1 Sales up 18.2%; Farnell Surges

Avnet, Inc. (Nasdaq: AVT) today announced results for its first quarter ended October 2, 2021. Highlights include: First quarter sales of $5.6 billion, up 18.2% year over year with diluted EPS of $1.10 First quarter adjusted diluted EPS of $1.22 Electronic Components and Farnell operating margins increased to 3.2% and 10.9%, respectively Commenting on the Company’s financial results,…

Sensor, Actuator & Discrete Sales Surge in 2021

A year after the deadly Covid-19 pandemic began in 2020, causing lockdowns worldwide and a deep global economic recession, sales of sensors, actuators, and discrete semiconductors are sharply higher in 2021 due to a resurgence in demand across many rebounding end-use markets and significant price increases for parts in short supply.  However, optoelectronics sales growth…

Supply Chain Analytics: Significant Growth Through 2027

According to a recent study from market research firm Graphical Research, the global supply chain analytics market size is set to register a significant growth during the forecast timeframe. The COVID-19 pandemic played an important role in creating effective virtual supply chain analytics services. Large-scale companies are adopting these solutions to help them formulate supply…

Raltron Expands European Sales Network

Raltron Electronics, a global leader in high performance frequency management components and antenna products, announces the expansion of the relationship with Redtree Solutions Ltd, as its new manufacturer’s sales representative for Italy, Spain, Portugal, Germany, Switzerland, Austria, Czech Republic, Hungary, and Romania. Redtree will support Raltron’s entire product line including crystals, oscillators, VCXO, TCXO, OCXO,…

Reshoring Success Stories in a Challenging Environment

The last two years have touched almost every supply chain imaginable.  Even before the pandemic started in earnest, American manufacturers were already interested in reshoring. Back in 2019, manufacturers wanted to reduce their dependence on foreign markets and cut their carbon footprints.  But now as demand for components continues to outpace supply — some analysts…

The Medical Supply Chain of the Future: Consistencies and Changes

Supply chain disruptions have widespread ripple effects in many industries, but in healthcare they can be critical. Shortages, delays, and other unforeseen events in medical supply chains can result in patients not having the medication they need or insufficiently equipped hospitals. Such disruptions are a problem in any sector, but in medicine, it can be…

Can Procurement Departments Keep Up with AI’s Evolution?

As artificial intelligence (AI) capabilities mature, an increasing number of businesses are investing in AI initiatives and leveraging automation in their daily business operations. This once leading-edge technology is becoming more ubiquitous and is quickly becoming an imperative to long-term success. In fact, analysts project the global AI market to grow from $47.5 billion in…

New Yorker Electronics Acquires Omni Pro

New Yorker Electronics, Co., Inc., a global franchised distributor of passive electronic components, discrete semiconductors and supply chain services, today announced the acquisition of Omni Pro Electronics, Inc., a leading electronic component distributor, located in Addison, Texas. Omni Pro maintains a deep inventory of industrial control and board-level components used in a broad array of…