December 11, 2008 - Modern Distribution Management

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December 11, 2008

Avnet Expands in China

Companies, Electrical, Free, News, Subscriber Only, Top Distributor Sectors /

Avnet Technology Solutions, a solutions distributor of enterprise computing products and an operating group of Avnet, Inc., has launched its solutions distribution business in China, expanding its geographic footprint in the Asia Pacific region. Avnet Technology Solutions, China, builds on and extends Avnet’s existing integration and components businesses in China.

Avnet Technology Solutions works with hardware and software suppliers to deliver technology solutions to resellers and integrators.

We believe China has a strong and promising future as part of the world economy, and Avnet is continuing to invest in the region,”said Rick Hamada, COO, Avnet, Inc. “By expanding our presence in China we will be able to leverage the success and experience gained through our …

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Bunzl Pre-Close Statement: Sales Growth in Line with Expectations

Companies, Free, News, Operations, Paper Products & Packaging Distribution, Subscriber Only, Top Distributor Sectors /

Bunzl plc released a pre-close statement today for the year ending Dec. 31, 2008. The distributor reported: 

  • Group revenue growth is consistent with expectations, despite economic conditions, particularly in the UK and the eurozone. The stronger U.S. dollar and euro have had a positive impact on performance.
  • In North America, Bunzl saw stronger organic growth in the second half, but this growth was partially offset by margin pressure.
  • In the UK and Ireland, revenue has growth thanks to acquisitions. Integration of 2007 and 2008 acquisitions is going to plan.”
  • Revenue in Continental Europe has continued to grow thanks to both acquisitions and organic growth.
    …
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Global Manufacturers Announce Layoffs

Economic Trends, Free, Research & Analytics, Subscriber Only /

A number of manufacturers have announced layoffs in the past couple of weeks, citing weakness in the global automotive, industrial and construction markets.
 
The Stanley Works announced that it would be cutting 2,000 positions, or 10% of the current employee base. It will also be closing three manufacturing facilities and eliminating certain layers of management.”
 
In a news release, the company explained:
 
“During previous recessions dating back to the early 1970s, at times when the company had much higher percentage exposure to CDIY markets and customers than today, the company’s physical unit volume shipments have never declined by 7% or greater for two consecutive quarters. As previously reported, the company’s third quarter 2008 unit volume …

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