Fay Departs Avnet; Mgmt. Realigned

Avnet Inc. announced today that Gerry Fay, president of Avnet Electronics Marketing (EM), has decided to step down from his position and will depart the company to pursue external opportunities. As a result, other leadership and organizational changes are being made to streamline operations and better position Avnet for long-term profitable growth. “During the past…

Avnet Bid May Spark Bidding War for Premier Farnell

If Avnet Inc. really wants Premier Farnell plc, it will have to write a much bigger check than the £691 million ($912 million) it has offered for the company. The acquisition target’s market value surged to nearly £729 million only one day after Avnet made its bid, indicating investors believe the British distributor can attract…

Manufacturing: Mexico’s Appeal Grows as Chinese Costs Soar

Labor costs in Mexico are still generally higher than in China but the total cost of manufacturing in the North American country has fallen recently below its Asian rival’s, spurring a rethink amongst OEMs about the best place to site production facilities. In the last few years, many U.S.-based manufacturing companies have either moved or…

IP&E: Awaiting Stronger Distribution & End-Market Orders

Manufacturers of passive products anticipating strong sales growth in 2014 are pinning their hopes on improvements in key end-markets, including automotive, consumer electronics, telecommunications and even the defense sector but they say tepid distribution orders and low inventory levels indicate channel partners remain wary about the strength of the ongoing market recovery. Many of the…

Avnet Taps Buseman for Key Exec Role

Avnet Inc. has named Michael Buseman chief global logistics and operations officer, appointing the EMS industry veteran to the position recently vacated by Gerry Fay who now heads the company’s global electronics components distribution business. Buseman, who joins Avnet from electronics manufacturing services (EMS) provider Plexus Inc., where he headed the $2 billion revenue company’s…

Avnet’s Fay: Hynix Fire Exposes Supply Chain Vulnerability

For years now I have been advocating the importance of having a comprehensive and proactive risk management strategy to protect the continuity of the supply chain when a disruption occurs. And though I believe that there is indeed a greater awareness of the importance of risk management, the apparent panic ignited by the recent Hynix…