How Avnet Manages Small Customers With Big Ideas

Avnet Inc. has wasted little time in leveraging new and existing design assets to reach up-and-coming businesses. The distributor’s acquisition of Premier Farnell, Hackster.io and Dragon Innovation has enabled the often-unwieldy global organization to support the makers and entrepreneurs that could be developing the next must-have computing, communication or consumer device. Broadline distributors such as…

Gallagher Gauges Avnet’s Transformation

Phil Gallagher is optimistic about Avnet Inc. Following the announcement of the distributor’s fiscal Q2 earnings, the president of Avnet’s electronic components business assessed the company’s progress after a tumultuous 18 months. “We are making progress,” Gallagher said. “We are excited about where we are. We feel we are coming out the other side of a number…

TTI Buys Second Chip Specialist & Expands into South Korea

On the last business day of 2017, TTI Inc. acquired its second semiconductor company, Changnam I.N.T. Ltd. of South Korea. The longtime specialty distributor of interconnect, passive and electromechanical (IP&E) components expanded its nascent semiconductor linecard and its geographic reach in one fell swoop. But TTI’s ambition is not to become a global broadline distributor,…

Purchasing Execs on 2018: ‘Steady as She Grows’

Even as a pro-business tax reform bill awaits its fate, U.S. manufacturers are investing toward growth. Capital expenditures by U.S. factories outpaced expectations in 2017 and will increase further next year. U.S. manufacturers experienced 11 straight months of growth from January through November, driving the nation’s 2017 purchasing index to 57.4 percent from 51.5 last year.…