Finance News.

Distributors Invest as Engineers & Buyers Go Online

In a recent article, Avnet Inc. Electronics Marketing Global President Gerry Fay outlined the company’s strategic move to transition more of its offerings online. Fay cited the move as driven by customer preferences: “The idea behind our Web-engagement is that customers want real-time information and we can provide this online.” Avnet’s decision underscores a dramatic…

Manufacturers Expect to Add Jobs in 2014

Based on unemployment data from the U.S. government and a forecast from the Institute for Supply Management (ISM), the employment outlook for 2014 appears positive. But where are those jobs coming from?  Some of them will be in manufacturing, said Bradley J. Holcomb, chair of the ISM Manufacturing Business Survey Committee. “On the manufacturing side,…

ISM: Purchasing ‘Optimistic’ for 2014

Although the electronics components industry may not be feeling the same momentum, the U.S. manufacturing sector expects to increase its revenue, employment and capital expenditures in 2014, according to the latest report by the Institute for Supply Management.  Overall manufacturing revenue is expected to grow by 4.4 percent in 2014, according to Bradley J. Holcomb,…

Micron. memory, DRAM

Micron Stabilizes, Predicts end of DRAM ‘Arms’ Race

After more than a decade of savage pricing pressures that devastated margins and profitability at suppliers combined with wild demand-supply swings, the semiconductor DRAM market appears to be finally settling into a more “normal” trading pattern, according to an executive at Micron Technology Inc. The chip vendor, one of about three top suppliers that led…

Fay Takes the Helm: What’s next for Avnet EM?

Gerry Fay takes on the role of global president at Avnet Inc.’s Electronics Marketing (EM) group at an interesting time in distribution’s history. The rampant consolidation of the 1990s has tapered off; offshoring has been around for a few years; and electronics continue to proliferate in new applications and new markets. But the market is…