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Spirit Electronics Awarded HUBZone Certification 

Spirit Electronics, a Veteran-Owned, Woman-Owned Small Business (VOWOSB, SDB) that provides electronic component distribution and value-added services to the Aerospace and Defense industry is pleased to announce its certification as a HUBZone business by the United States Small Business Administration (SBA).

Source: Spirit Electronics Awarded HUBZone Certification | Spirit Electronics

Distribution: past, present, future 

Hughes-Peters might be a relatively new distributor to some ESNA readers. However, the company has been in business for 100-years and boasts a long history in electronic component distribution. The company has experienced strong growth over the last 20-years under its current ownership: Mike Okel, president; Mike Smith, VP of sales; and Donna Hensley, Vice President.

Source: Distribution: past, present, future | Latest Articles News

U.S. Firms Drawn Into Trump Admin’s Effort to Identify Firms With Ties to Chinese Military 

(Reuters) – Major U.S. companies are getting caught up in a Trump administration effort to identify companies with ties to the Chinese military that would restrict exports to them.TTI Electronics Asia PTE Hong Kong Ltd, a subsidiary of a U.S.-based TTI Inc, a Berkshire Hathaway company, is on a draft list of such companies, as is Arrow Asia Pac Ltd, a subsidiary of Arrow Electronics.

Source: U.S. Firms Drawn Into Trump Admin’s Effort to Identify Firms With Ties to Chinese Military | Technology News | US News

Arrow Denies Military Ties as U.S. Weighs Restrictions

Arrow Electronics Inc. is in talks with the U.S. government about the designation of an Asian subsidiary that could lead to export restrictions, another potential flashpoint in the clash between the world’s two largest economies.

Source: Arrow Denies Military Ties as U.S. Weighs Restrictions – Bloomberg

Arrow Electronics Reports Third-Quarter 2020 Results

CENTENNIAL, Colo.–(BUSINESS WIRE)– Arrow Electronics, Inc. (NYSE:ARW) today reported third-quarter 2020 sales of $7.23 billion, an increase of 2 percent from sales of $7.08 billion in the third quarter of 2019. Third-quarter net income was $166 million, or $2.13 per share on a diluted basis, compared with a net income of $92 million, or $1.10 per share on a diluted basis, in the third quarter of 2019. Non-GAAP net income1 was $162 million, or $2.08 per share on a diluted basis, in the third quarter of 2020, compared with non-GAAP net income of $155 million, or $1.86 per share on a diluted basis, in the third quarter of 2019.

Source: Arrow Electronics, Inc. – Arrow Electronics Reports Third-Quarter 2020 Results

Avnet 2021 Q1 Earnings Presentation 

The following slide deck was published by Avnet, Inc. in conjunction with their 2021 Q1 earnings call.

Source: Avnet, Inc. 2021 Q1 – Results – Earnings Call Presentation (NASDAQ:AVT) | Seeking Alpha

Gallagher Lays Out Avnet’s Strategy for Future Growth

Two weeks into his tenure as interim Avnet Inc. CEO, Phil Gallagher is crystal clear on his growth plan for the $18 billion global distributor.“We will be absolutely focused on our core strategy —  technology distribution — and driving home our value to suppliers and customers right out of the gate,” he said.

Source: Gallagher Lays Out Avnet’s Strategy for Future Growth

2020 Top 50 Electronics Distributors eBook

Twenty nineteen was a pretty good year for the electronics distribution sector, but no match for the stellar performance of 2018. Read the full article and hear from numerous distributors from the Top 50 list on their take for 2019 and what to expect for 2020.

Source: 2020 Top 50 Electronics Distributors eBook

Analog Devices-Maxim Deal Portends Distribution Shakeup

If past is prologue, Analog Devices Inc.’s $20 billion acquisition of Maxim Integrated Products Inc. will prompt a major shake-up in its electronics distribution channel. When ADI acquired Linear Technology in 2017, it consolidated its global volume distribution network under one distributor – Arrow Electronics Inc. – and discontinued with the industry’s second-largest player, Avnet Inc.

Source: Analog Devices-Maxim Deal Portends Distribution Shakeup

Industrial Distribution: From Back-to-Normal to the New Normal 

Twenty nineteen was a pretty good year for the electronics distribution sector, but no match for the stellar performance of 2018.

Source: From Back-to-Normal to the New Normal | Source Today

TTI adds Drabik as vice president 

TTI Inc., a Fort Worth-based leading specialty distributor of electronic components, announced that industry veteran John Drabik will join the company in early July.Drabik will be a vice president, initially spending time working across multiple areas within the company, said TTI Chief Operating Officer Mike Morton

Source: TTI adds Drabik as vice president | Fort Worth Business Press

What Distribution Must Do in a Post-COVID World 

The pandemic has everyone evaluating new ways to keep workers safe, here are some ways fulfillment and distribution centers can take in a post Covid world In difference to many other industries impacted during COVID-19, distribution and fulfillment centers have experienced enormous pressure to expand to meet the needs of global lockdown economies. At the same time, this industry has been one of the most at risk to keep essential workers safe. Interestingly, I have witnessed the dual nature of growth and ch

Source: What Distribution and Fulfillment Centers Must Do in a Post-COVID World | Industrial Distribution