Sager Expands Texas Facility

Sager Electronics, a leading North American distributor of Interconnect, Power, and Electromechanical products and custom solutions provider, announces a major expansion into a new 175,650 sq. ft. facility in Lewisville, TX. Scheduled to be fully operational by the end of the year, the new facility will house Sager’s brand new Custom Solutions Center, Distribution Center,…

Arrow Names New CFO

Arrow Electronics, Inc. (NYSE:ARW) announced today it has named Rajesh (Raj) K. Agrawal as senior vice president and chief financial officer, effective Sept. 6. Agrawal joins Arrow from Western Union where he has served as executive vice president and CFO since 2014. During his tenure as CFO, he also intermittently held the senior positions of…

How Data Analytics Speed Chip Market Recovery

Now that relative stability of the global semiconductor supply chain has returned, the reaction to chaos has been to find someone to blame: Surely, someone must have realized a serious disruption was coming. But the reality is, this has been a perfect storm of compounding factors, and it’s arguable that anyone had the clairvoyance to…

Avnet FY Q4 Sales up 21.9%; 2022 Revenue hits $24.3B

Avnet, Inc. (Nasdaq: AVT) today announced results for its fourth quarter and fiscal year ended July 2, 2022. Commenting on the Company’s financial results, Avnet Chief Executive Officer Phil Gallagher stated, “We are pleased to end the fiscal year on a high note, delivering another strong quarter of year-over-year sales growth and operating margin expansion. Supported by solid execution across…

ASCM Releases Planning Certificate

The Association for Supply Chain Management (ASCM), the global pacesetter of organizational transformation, talent development and supply chain innovation, today released the Supply Chain Planning Certificate. The new certificate program features 20 hours of educational content to help individuals build fundamental knowledge in supply chain planning, with a focus on integrating and synchronizing all planning…

AI has Room to Grow in the Supply Chain

The global supply chain market is rapidly evolving in this technological era to improve customer experience all over the world. Global supply chains are applying artificial intelligence (AI) as part of the industry’s march toward digital transformation. AI has proved its worth in various industrial segments, including e-commerce, manufacturing and IT. Like these sectors, the…

Semtech to Acquire Sierra Wireless

Semtech Corporation (Nasdaq: SMTC), a leading global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms, and Sierra Wireless, Inc. (Nasdaq: SWIR) (TSX: SW), a world-renowned Internet of Things (IoT) solutions provider, today announced a definitive agreement under which Semtech will acquire all outstanding shares of Sierra Wireless for US$31 per share in an all-cash…