SHENZHEN, China — A two-day shut down of Hong Kong International Airport forced the cancellation of hundreds of passenger flights and caused a fair amount of anxiety in the electronics supply chain. However, as of August 15th, passenger flights had returned to normal and supply-chain pressure had eased. The negative impact on imports, exports and…
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The two-day closure of Hong Kong International Airport (HKIA) had not impacted air cargo as of late Tuesday, although future delays appear inevitable. Given the volume of freight that passes through the airport — 5.1 million metric tons in 2018—any disruption of air traffic can hinder cargo departures. Air freight carriers, including Cathay Pacific, FedEx,…
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As digital transformation rolls out and more supply chain operations come online, the need for synchronicity across all systems is growing. The answer is a streamlined platform and management system. As a business model designed to synergize processes, tools, and communication largely through a single, scalable network, a platform creates value from the exchanges made…
DetailsAvnet, Inc. (Nasdaq: AVT) today announced results for the fourth quarter and fiscal year ended June 29, 2019. Fiscal Fourth Quarter Key Financial Metrics Sales of $4.7 billion, which were in line with guidance, declined 7.5% from a year ago and 0.4% from the prior quarter. Sales guidance for the fiscal fourth quarter anticipated lower-than-historical…
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Editor’s note: This is the second of two articles focusing on strategies that mitigate the impact of tariffs on imported goods. Tax and business advisory firm KPMG identified seven successful tactics in its webinar TradeWatch: Section 301 Tariffs; What we’ve Learned in Year One. This article covers recommendations four through seven. The U.S.-China trade war…
DetailsCloudleaf, Inc., an emerging leader in digital supply chain solutions, today announced that it has secured $26 million in Series B funding to drive market expansion of its Supply Chain Digital Visibility Platform, which brings unprecedented visibility, efficiency and responsiveness to supply chains in any industry. The round was led by Intel Capital and WRVI…
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In an ugly turnaround from last year, IC growth rates in 2019 are expected to be heavily weighted toward the negative side of the chart, with nine segments forecast to see a sales decline of 10 percent or more, according to market research firm IC Insights. Sixteen product categories are expected to experience flat sales…
DetailsMouser Electronics, Inc., the authorized global distributor with the newest semiconductors and electronic components, announces a global distribution agreement with Superior Sensor Technology, a leader in application-specific pressure sensors. Through the agreement, Mouser will add Superior Sensor Technology’s differential low-pressure sensors to its sensor line card. The Superior Sensor Technology product line available from Mouser…
DetailsFarnell, the Development Distributor, has strengthened its product organization with appointments into two key roles on its Leadership Team. Lee Turner has been appointed as Global Head of Semiconductors & Single Board Computers and Simon Meadmore has been appointed as Global Head of IP&E (Inter-connect, Passives and Electro-mechanical). Both Lee and Simon will report to…
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The midpoint of the year not only brings new challenges and opportunities, but also provides the chance to reflect and plan for the months ahead. The fast-approaching servitization-centered economy, where companies will no longer sell just products, instead owning the responsibility for the business outcome those products deliver, will encourage a shift to subscription-based businesses…
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