The Avnet Inc. that just closed fiscal 2017 is significantly different from the Avnet of a year ago. Following a rollercoaster ride of M&A, executive turnover and internal-systems challenges, Avnet ended Q4 with sales up 16.1 percent year-over-year. Driven by organic growth of 8.4 percent, Avnet’s Q4 revenue reached of $4.6 billion from $3.9 billion…
It’s been awhile since global distributors have touted their component fulfillment services in lieu of design. However, with some component lead times extending into Q1 2018, OEMs would be “a little more comfortable” with more inventory, said one channel executive. “Customers are largely getting what they want,” Mike Long, CEO of global distributor Arrow Electronics…
It was in April of last year that Phil Gallagher joined TTI Inc. as corporate officer, senior vice president and member of CEO Paul Andrews’ executive staff, acting in the functional role as president, sales and marketing, TTI Americas. Gallagher had just come off a two-year hiatus after leaving Avnet Inc., his employer for 32…
My colleague Bolaji Ojo eloquently outlined the impact Amazon.com is having on the world of electronics. I agree with Bolaji’s analysis 100 percent. But much of the coverage of Amazon in the electronics trade press – including EPSNews – implies that Amazon.com is intentionally targeting the electronics distribution industry. That’s simply not true. Amazon is targeting any market…
Analog Devices Inc.’s realignment of its channel strategy has implications beyond the companies directly involved — ADI and acquisition Linear Technology; and distributors Arrow Electronics Inc. and Avnet Inc. ADI’s move could prompt other semiconductor companies to reconsider their distribution options. A distributor’s supplier roster works a bit like a sports team. If the five-time Super…
SMTC Corporation, a global electronics manufacturing services provider, today announced the appointment of Ed Smith as its interim president and chief executive officer effective February 17, 2017. Smith will also be elected to the Board of Directors of the company. Smith will begin providing services to SMTC Corp. on February 6, 2017 and work alongside the…
At the end of the year, Avnet Inc., the longtime global revenue leader in combined components and systems sales, is going to look very different from the company that recently celebrated more than 60 years in the electronics distribution business. $26.2 billion Avnet and its nearest competitor Arrow Electronics Inc., with sales of $23.28 billion…
Amazon Business, the B2B unit of Amazon.com, attended this year’s EDS conference for component manufacturers, distributors, and manufacturers’ representatives for the first time, driving a few distributors to tackle the issue of channel disruptors. Clearly, e-tailers like Amazon Business and Alibaba are a concern to the distribution channel as they directly compete with them. Authorized…
The electronics industry has thoroughly embraced the maker movement. Although inventors and hobbyists typically start out with only a few components and a bright idea, the potential that one of these projects will become the next iPhone is one the electronics industry cannot ignore. Arrow Electronics Inc., one of the world’s largest electronics distributors, is…
I recently had a conversation with Wade McDaniel, vice president of supply chain solutions for Avnet Velocity. The discussion was centered on the many layers of risk management, and a few things stood out from a presentation McDaniel provided. It was a map of earthquake-prone areas of the world. The image stands out in my…