Supply chain management is facing its own pandemic of outdated processes. As many as 85 percent of workers state that they could handle their duties more efficiently with enhanced workplace tech. Fortunately, this tech is available and already transforming supply chain management in the fight against Covid-19 challenges. From enhanced tracking and logistics capable from…
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U.S. manufacturing activity remained robust at the start of the year although pandemic-related supply and worker constraints curtailed production and drove prices up. The Institute for Supply Management’s manufacturing index, the PMI, decreased by 1.8 percent in January to 58.7 from the December level of 60.5. The index remains well above 50, the line of…
DetailsDialight, the recognized leader in LED industrial lighting, signals, and indication technology is pleased to announce that TTI, a leading distributor of electronic components is now an authorized distributor of Dialight LED board and panel mount indication products. Matt Boudiette, Dialight Vice President and General Manager, commented, “Dialight is excited to add TTI as a…
DetailsIPC announced today the December 2020 findings from its North American Electronics Manufacturing Services (EMS) Statistical Program. The book-to-bill ratio stands at 1.10. Total North American EMS shipments in December 2020 were up 13.5 percent compared to the same month last year. Compared to the preceding month, December shipments rose 8.5 percent. EMS bookings in December…
DetailsAvnet, Inc. (Nasdaq: AVT) today announced results for its second quarter ended January 2, 2021. Fiscal Second Quarter Key Financial Highlights: Sales of $4.7 billion up from $4.5 billion in the prior year quarter, supported by record sales in Asia of $2.2 billion, up 16% year over year. On constant currency basis, organic sales increased 4.8% after adjusting for 14 weeks of activity in the…
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Expansion of U.S. manufacturing growth that began trending upward last summer is expected to continue through 2021, along with growing capital spending and rising capacity utilization, according to the Institute for Supply Management. ISM’s semiannual economic forecast predicts U.S. manufacturers will record a healthy net increase in revenues totaling 6.9 percent this year, reversing a…
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Technology has been the leading weapon in brand owners’ arsenal for fighting counterfeit components and products. Big data and analytics, automated monitoring and removal services, blockchain, modular customization and intra-component communication are currently generating interest among industry leaders and their supply-chain partners, according to the Alliance for Gray Market and Counterfeit Abatement (AGMA). Counterfeit components…
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At a time of major global change, leading technology solutions provider Avnet (NASDAQ: AVT) is marking the company’s 100th anniversary in 2021, joining an elite group of companies that have reached their centennial. From its origins on Radio Row, the Manhattan warehouse district famous for its post-World War I electronics shops, to its current position as a top…
DetailsECIA is pleased to announce Frank Flynn, President of Sager Electronics, begins his term as ECIA Board Chairman this month. ECIA Board Chairpersons serve a two-year term. “I am a great believer in the association and am honored to serve the electronic component industry as ECIA’s Board Chairman,” said Flynn. “ECIA’s mission of bringing the…
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While the traditional supply chain does exist — a chain of suppliers, distributors and customers all linked together linearly — the reality is that most supply chains are multi-tier. For the uninitiated, this means they are multiple single-level collaborations linked or stacked within a seamless chain. There are many benefits to building a multi-tier supply…
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