In the last couple of years the industry has grown at a rate of 4.5% which is double that of the wider UK economy. Since 2009 London based high-tech companies have increased their gross value-added by 16.4% and now contribute £56 Billion in revenue per year.
Supply chain visibility is crucial for the success of any business. Supply chains today are facing increasing challenges, many driven by the growing requirements of consumers. Among the most noted challenges named by supply chain professionals in achieving supply chain visibility which, according to a study, has risen from the 6th most important strategic priority in 2015 to the 3rd.Read more
Stephen HartnettTaking supply chain visibility to new levels
Third-party logistics (3PL’s) are responsible for the outsourcing of part or all of a company’s distribution and fulfilment services. Their specialist solutions have seen a sharp rise in demand due to the increasing volumes of global supply chains and interdependent economy. Currently, it is estimated that 86% of Fortune 500 and 96% of Fortune 100 companies use 3PL services.
Stephen HartnettThird Party Logistics – Growing, Evolving and Innovating
Given the fast-changing trends and feasibility of the electronics market, manufacturers need to be flexible and adaptable to keep up with constantly evolving demands. Producing high-quality products while also minimizing costs and integrating everything into a rapid delivery system puts huge pressure on those in the industry to meet customer demands. Logistics remain a challenge in 2018 for manufactures and supplier partners required to deliver speed and accuracy faster than ever before. Unsurprisingly, it was found that more than 80% of 300 companies interviewed in a study consider they are facing significantly more risks than 5 years ago in terms of theft, products delays or counterfeit items.
Stephen HartnettIoT to combat increased threat to electronics supply chain
PHOENIX, ARIZONA, UNITED STATES – July 2, 2018 – Avnet (NASDAQ: AVT), a leading global technology distributor, announced today that it will begin to offer ParceLive, a real-time shipment tracking system, on a global basis to its customer base. The ParceLive service was developed by Hanhaa, a UK-based IoT innovator. By simply including a small ParceLive tracker, which is comprised of six embedded sensors and cellular data connectivity, into any parcel, users are connected and able to receive complete insight into any shipment’s journey, whether it is being shipped across country or around the world.
Stephen HartnettAvnet Selected by Hanhaa as Global Distribution Partner for ParceLive