shortages, component

Managing the Semiconductor Shortage of 2021, Part 2

A perfect storm of events have converged to create the semiconductor shortage of 2021.  High-level collaboration across the electronics supply chain could make the deficit less painful, experts say. Shortages often prompt less-than-optimum purchasing behaviors. Competitive bidding for inventory drives prices up. Exceptions to approved vendor lists become common. And double-ordering – where purchase orders…

Avnet Q4, FY 2020 Sales Slip From Prior Year

Avnet, Inc. (Nasdaq: AVT) today announced results for its fourth quarter and fiscal year ended June 27, 2020. Fiscal Fourth Quarter Key Financial Highlights: Sales of $4.2 billion, compared with $4.3 billion in the previous quarter and $4.7 billion in the prior year quarter. GAAP diluted earnings per share from continuing operations of $0.53, compared with loss per share of $0.33 a year ago. Non-GAAP adjusted…