Distributor of the Month: Avnet

安富利 's history is a testament to its resilience, adaptability, and commitment to excellence. The company's story began in 1921 when Charles Avnet launched the business by buying and selling surplus radio parts on New York City's famous Radio Row. What started as a small operation quickly grew into a thriving business as Avnet recognized the unlimited potential of the electronics industry. In the 1960s, Avnet achieved a significant milestone by becoming the first technology company to be listed on the New York Stock Exchange, solidifying Avnet's position as a leader in the industry and opened doors to new opportunities for growth and expansion. Throughout the years, Avnet's journey has been marked by strategic acquisitions that have transformed the company into a global technology distributor and solutions provider. The acquisition of WKK Semiconductors in the 1990s allowed Avnet to enter the Asian market and serve customers across North America, Europe, and Asia. Additionally, the acquisition of Abacus in the early 2000s allowed Avnet to focus on interconnect, passive, and electromechanical (IP&E) components, catering to a broader range of customer needs. These acquisitions have allowed Avnet to diversify its offerings and expand its expertise beyond components distribution.

Avnet's commitment to innovation and staying ahead of the curve is evident in its collaboration agreement with Amazon Web Services (AWS) in 2016, aimed to help original equipment manufacturers (OEMs) of IoT solutions accelerate their time to market, leveraging the power of cloud computing and IoT technologies. Today, Avnet is a Fortune 200 company with over 15,000 employees globally and serves more than 2.1 million customers and works with over 1,400 suppliers worldwide. Avnet's extensive distribution network, design expertise, and commitment to customer success have made it a trusted partner for customers across industries.

Strong partnerships between distributors and manufacturers are essential for driving innovation and delivering exceptional solutions to customers. Avnet has forged a dynamic partnership with Omron Electronic Components- Americas that began in 1992 and has spanned over 30 years. Together, they have created a powerful synergy that fuels innovation, supports customers across diverse industries, and paves the way for a brighter future. Avnet credits OMRON’s extensive product group and innovation that enables them to support key vertical markets that seek optimal energy consumption, cost-effectiveness, high quality and sustainability. In 2023, Avnet received the prestigious Exceptional Growth award from OMRON for the previous fiscal year. This recognition was based on Avnet’s exceptional sales growth as compared to prior year.?The award highlighted Avnet's commitment to delivering value to its customers and its dedication to building strong, enduring relationships with its supplier partners. As part of the Exceptional Growth Award recognition, OMRON presented Avent with a $5,000 check to be donated to the recipient charity of choice.? Avnet's donation was made to ICAN, a free afterschool program in Chandler and Mesa that serves 700 at-risk youth each year, with academic support, STEAM programs, positive youth development and sports/recreation.

A significant factor contributing to Avnet's success is their exceptional team of employees. Avnet recognizes that their people are their most valuable asset and plays a crucial role in their long-term success. They foster a culture encouraging employees that “every day brings a new opportunity to showcase Avnet’s strengths at the center of the technology value chain — delivering innovative and creative design, product, marketing and supply chain expertise to customers at every stage of the product lifecycle.” Avnet's success can be attributed to their customer-centric approach, global distribution network, commitment to innovation, and exceptional team of employees. By continuously adapting to market dynamics, embracing new technologies, and investing in their people, Avnet has established itself as a trusted partner for customers worldwide and continues to shape the future of the technology industry alongside OMRON.

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