The 2011 tsunami in Japan was one of the forces behind the electronics supply chain’s dedication to resilience – the ability to shift all or part of a supply chain as needed. That means people, materials, manufacturing lines, suppliers and even physical processing and aid centers. Global businesses now have entire departments dedicated to business…
DetailsArrow Electronics, Inc. (NYSE:ARW) today reported fourth-quarter 2019 sales of $7.34 billion, a decrease of 7 percent from sales of $7.92 billion in the fourth quarter of 2018. Fourth-quarter sales as adjusted decreased 5%. The company reported fourth-quarter net income of $112 million, or $1.36 per share on a diluted basis, compared with net income…
Details
U.S. factory activity unexpectedly rebounded in January after contracting for five straight months amid a surge in new orders. The Institute for Supply Management’s PMI reached 50.9 percent, an increase of 3.1 percentage points from the seasonally adjusted December reading of 47.8 percent. The improvement in the PMI likely reflects ebbing trade tensions between the…
Details
Global technology companies have made employees their priority as the deadly coronavirus spreads across the Chinese mainland and beyond. Late Thursday afternoon, the World Health Organization (WHO) declared the virus a global public health emergency. Apple has restricted employee travel and closed several stores. Avnet has asked employees to work from home. Peugeot and Citroen…
Details
The global semiconductor market is expected to rebound this year by as much as 7.9 percent, but the ghosts of 2019 haven’t vanished. Tariffs still impact more than $350 billion worth of imported Chinese goods — including the chips and passives that are staples of electronic systems — and economic indicators are suppressing spending. “Brexit,…
DetailsFlip Electronics, a leading global supplier of electronic and electromechanical components, is pleased to announce the addition of Kris Krohn to our executive management team, fulfilling the new role as Executive Vice President of OEM/EMS Sales. As part of the leadership team, Kris will drive the expansion of Flip’s growing OEM/EMS customer base. The growth…
DetailsFlex Power Modules has signed a partnership agreement with Digi-Key Electronics, a global electronics components distributor, to open a new sales channel expanding its global footprint and accelerating customer order fulfilment. All Flex Power Modules products will be listed on Digi-Key’s website and available for purchase, with many held in stock for immediate same-day dispatch.…
DetailsAvnet, Inc. (Nasdaq: AVT) today announced results for its second fiscal quarter ended December 28, 2019. Second Quarter Key Financial Highlights: Sales of $4.5 billion were in line with guidance. GAAP diluted EPS from continuing operations totaled $0.05, compared with $0.33 a year ago. Non-GAAP adjusted diluted EPS totaled $0.40 compared with $1.04 a year…
Details
2020 is set to be a monumental year for the manufacturing industry. With 76 percent of voters interested in how presidential candidates will support and grow manufacturing in the U.S., all eyes are on leading original equipment manufacturers (OEMs) to make the months and years ahead their most productive yet. From new technology innovations to…
DetailsAccording to Market Search Future, the global surface mount (SMT) technology market is expected to grow at $ ~4 Billion by 2022, at ~8% of CAGR between 2019 and 2022. The global surface mount technology equipment market is on an upward growth trajectory and is expected to reach $4 billion by the end of the…
Details