Finance News.

Automotive CEOs: Technological Advances to Transform Business

Technological advances, including digital economy, social media, mobile devices and big data, will transform business in the next five years, according to 79 percent of automotive CEO respondents to PwC’s 17th Annual Global CEO Survey. The survey also finds that 57 percent of automotive CEOs have a program underway or completed, or have a strategy…

Automotive Drives Component Growth

Electronics content in vehicles continues to grow at a steady pace, driving innovation in the components sector. Electronic components make up more than 30 percent of the production cost of a vehicle, and is expected to continue upward, according to Transparency Market Research. Two recent market research studies indicate that automotive applications including next-generation vehicle…

Honeywell Delivers Product Differentiation

Keeping in line with the company’s strategy to deliver high-performance differentiated sensors and switches, Honeywell Sensing and Control rolls out its Nanopower Series of magnetic sensors, aimed as a replacement for reed switches in a variety of applications. These anisotropic magnetoresistive (AMR) sensor ICs deliver high sensitivity and extremely low power for battery-operated devices, as…

Arrow Names Bryant COO: Sales Push or Succession Planning?

Arrow Electronics Inc. has appointed Andrew Bryant chief operating officer of the top-tier component distributor and information systems services provider, giving him a role that caps about 30 years in the high-tech market. Bryant’s appointment as COO and the elevation of Sean Kerins as his replacement at the helms of the company’s enterprise computing solutions…

Avnet EM Pivots Acquisitions Toward Asia

Asia’s electronic components distribution market is ripe for consolidation and Avnet Inc., the world’s top player in the sector, says it is putting the finishing touches to a strategic plan to grow strongly in the region via acquisitions and by leveraging existing investments to support customers and suppliers in refining their supply chain management offerings.…

US Manufacturing: 9.1% Growth Expected For 2014

A majority of U.S. manufacturing executives expect their sales will grow a little more than 9 percent for the rest of 2014, according to the Institute of Supply Management’s  semi-annual survey of purchasing and supply managers.  Of the 18 industries predicting growth, computer and electronics products fall a disappointing 12th on the list. Textile manufacturers…

Manufacturing: Mexico’s Appeal Grows as Chinese Costs Soar

Labor costs in Mexico are still generally higher than in China but the total cost of manufacturing in the North American country has fallen recently below its Asian rival’s, spurring a rethink amongst OEMs about the best place to site production facilities. In the last few years, many U.S.-based manufacturing companies have either moved or…

Manufacturing Rebounds From Winter & Budget Woes

There are still plenty of reasons to be concerned about policies in Washington D.C., but budget fears seem to be abating among manufacturers. In its monthly report on the domestic manufacturing industry, the Institute for Supply Management found in two major sectors – computer and electronic products and transportation equipment – government spending is loosening…

IP&E: Awaiting Stronger Distribution & End-Market Orders

Manufacturers of passive products anticipating strong sales growth in 2014 are pinning their hopes on improvements in key end-markets, including automotive, consumer electronics, telecommunications and even the defense sector but they say tepid distribution orders and low inventory levels indicate channel partners remain wary about the strength of the ongoing market recovery. Many of the…