TTI, Inc., an interconnect, passive & electromechanical (IP&E) component specialist, is on a new mission to give the market an alternative to buying semiconductors from broadline distributors. As part of this undertaking, TTI recently acquired privately-held Symmetry Electronics, a U.S.-based semiconductor distributor, building on its core principal of specialty distribution. TTI’s family of distributors has…
Electrocomponents PLC has the potential to become a $10 billion enterprise within the next 10 years but to achieve this lofty goal, the U.K.-based distributor must venture outside the electronic components market and put down big stakes in the larger maintenance, repairs and operations (MRO) market. CEO Lindsley Ruth set the stage for Electrocomponents’ transformation…
Seismic shifts don’t happen all at once. Year by year there’s a little movement, a little resistance, sudden realignment, then aftershocks. It’s an apt metaphor for the electronics distribution industry, where there’s continual movement amongst customers, suppliers and competitors. Key events during 2016 are beginning to change the landscape for the Top 50 Distributors of…
2016 was another tough year for the franchised electronic components distribution industry in North America. The industry faced several challenges, including shrinking margins, currency fluctuation, and supplier consolidation, which had a significant impact on sales growth. Faced with these challenges, revenues for the top 50 North American franchised distributors fell by three percent, after growing…
Avnet Inc. had grand plans for this week but instead of hosting its scheduled annual Investors’ Day conference the top-tier distributor has returned instead to its restructuring drawing board. It must plug a projected $1 billion sales shortfall in fiscal 2018 and implement a new, global ERP project, sparking afresh concerns that the leadership may…
Semiconductor vendor Xilinx Inc. and Avnet Inc. have struck an agreement to expand their existing relationship and extend this into a range of services meant to showcase the top-tier distributor’s reach into the electronics design chain. The announcement builds on steps already taken in recent months by Avnet to reorganize operations and refocus on strengthening…
William Amelio has been anything but quiet at Avnet Inc. but anyone who has a different thought will find out sometime in a few weeks when the new CEO unveils details of his transformational plans for the top-tier distributor. The company is already a radically different organization – having sold its technology solutions (TS) business…
Kevin Sellers joined Avnet Inc. as chief marketing officer about 18 months ago after a 23-year stint at Intel Corp., one of the electronics industry’s most successful companies from a revenue and branding perspective. It’s no wonder therefore that some of Sellers’ experience at Intel would rub off on Avnet which today launched a global…
Avnet.com users woke up Monday to a freshly redesigned and completely overhauled website spotting a new corporate tagline, logo and color – green is in and red is out. These are all elements of a revamped promotional and global branding campaign heralding the fundamental reorganization and strategic business repositioning being carried out at one of…
2017 is a landmark year for Master Electronics. It marks 50 years since Ike Nizam founded the specialty electronics component distributors in a southern California apartment. That’s not all that’s noteworthy about 2017, though. Master Electronics is this year implementing a strategic reinvention campaign to enable it remain nimble and innovative serving small and mid-tier…