A host of digital innovations address the growing pressure to increase overall efficiencies and minimize risks within a rapidly evolving supply chain. Supply chain risks have been making headlines recently with the disruptions caused by the coronavirus. In its new report, “The Digital Transformation of Supply Chain,” Lux Research categorizes the supply chain into six…
DetailsArrow Electronics, Inc. today reported first-quarter 2020 sales of $6.38 billion, a decrease of 11 percent from sales of $7.16 billion in the first quarter of 2019. First-quarter sales, as adjusted, decreased 9 percent year over year. First-quarter net income of $50 million, or $.61 per share on a diluted basis, compared with net income…
DetailsECIA’s Global Industry Practices Committee (GIPC) has compiled a comprehensive list of best practices in COVID-19 Infection control to aid companies as they adapt to the unexpected challenges associated with the pandemic. As the world emerges from the peak of infections, a recovery process will begin, requiring substantial changes across the supply channel. It is…
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Even before the Covid-19 pandemic, there were questions worth asking about the United States’ resiliency and self-sufficiency concerning manufacturing. Now, shuttering factories and borders in the name of public safety has thrown some of these shortcomings into sharper relief. Thankfully, there are also signs that the U.S. may be in a good position to rebound…
DetailsDale Lillard, President, Lansdale Semiconductor, Inc., recently announced that the company was honored for the seventh consecutive year by Raytheon Integrated Defense Systems for Supplier Excellence. This year, Lansdale achieved Raytheon’s highest 5 Star Award for the second time in two years. Raytheon’s Integrated Defense Systems business instituted the annual Supplier Excellence Awards program to…
DetailsAllied Electronics & Automation has added more trusted suppliers to its 300-strong network, including Baldor-Reliance, SCHNEEBERGER, and IKO International. Products from these brands are available now for shipping to the United States, Canada and Mexico through the Allied website, www.alliedelec.com. With more than 3 million products available online, Allied continues to put its customer experience…
DetailsAvnet, Inc. (Nasdaq: AVT) today announced results for its third fiscal quarter ended March 28, 2020. Third Quarter Key Financial Highlights: Sales of $4.3 billion compared with $4.7 billion a year ago. GAAP diluted loss per share from continuing operations of $1.29, compared with EPS of $0.87 a year ago. Non-GAAP adjusted diluted EPS of…
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The Coronavirus / Covid-19 pandemic has reached every corner of the world and significantly disrupted markets and supply chains in every country. The extreme uncertainty and volatility associated with this crisis as created a need for visibility on how this crisis is impacting the electronics components industry and the supply chain. In order to provide…
DetailsLevaData has launched the Supply Risk Navigator to help companies rapidly detect supply chain risks, including those caused by COVID-19, and take immediate actions to mitigate them. LevaData is offering this capability to qualified high-tech companies at no cost for three months. Companies producing medical devices or equipment will receive access at no cost throughout 2020.…
DetailsThe Responsible Minerals Initiative (RMI) and RCS Global Group (RCS Global) have announced a new strategic partnership to scale their existing efforts to drive continual improvements in the production of artisanal and small-scale mining (ASM) cobalt in the Democratic Republic of the Congo (DRC). Implemented since 2018, RCS Global’s Better Mining program has generated strong…
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