electronics, conflict minerals, Africa

How the SEC’s Shift on Conflict Minerals Will Impact Electronics

Portions of the electronics industry are applauding a policy shift toward the so-called “conflict minerals” rule that requires publicly traded U.S. companies to disclose the use of tin, tantalum, tungsten and gold (3TG) sourced from war-torn regions of Africa. Acting Securities and Exchange Commission (SEC) Chair Michael Piwowar has directed agency staff to reconsider how companies…

Why is Distribution Outperforming Suppliers?

This past financial quarter has driven home the adage that business concentration among a few large customers has its downside.  For example, although Apple Inc. sold almost 48 billion iPhones in Q2, many of its suppliers – according to CNN and others – were “getting crushed:” Just look at Cirrus Logic (CRUS), which makes micro chips…

Flextronics Opts for More Supply Chain Intelligence

Flextronics International Ltd. gets it. Accurate and useful information is at the heart of everything enterprises do. Without it success may never arrive and if it does, it will be fleeting. That’s why the company has recently launched a software-based program to generate and share information about a variety of market issues with customers and…

Electronics Buyers’ Environmental Role Expands

The Carbon Disclosure Project (CDP) is reporting that a growing group of purchasers, including procurement managers in the electronics industry, are increasing their involvement in efforts to collect and share data on environmental risk among their suppliers. Not only has the Electronic Industry Citizenship Coalition (EICC) recently teamed with CDP to increase the number of…

Flextronics to Make NEXTracker Controllers

Flextronics International Ltd. said it has been selected to manufacture self-powered tracker controllers for NEXTracker Inc., a producer of horizontal tracking equipment used for solar projects, efficient power conversion (EPC) facilities and other energy systems. NEXTracker’s products are used in clean technology programs across several continents and the company operates offices in Asia, Europe and…

Flextronics Fiscal Q4 Sales Sag, Profits Rise

Flextronics (NASDAQ: FLEX), a leading end-to-end supply chain solutions company, today announced results for its fourth quarter and fiscal year ended March 31, 2015: Flextronics net sales for the fourth quarter ended March 31, 2015 were just under $6.0 billion, slightly below its previously provided revenue guidance of $6.0 billion to $6.4 billion. Despite the…

Flextronics Buys MCi to Boost Automotive Offering

Flextronics International Ltd. said it will pay $494 million for Mirror Controls International to broaden its offerings and services to automotive manufacturers. The acquisition of the supplier of mirror actuators to the automotive industry will further help Flextronics smoothen sales growth and reduce its dependence on markets susceptible to wild demand swings, according to company…