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As global supply chains grapple with increasing pressures and rising costs, manufacturing is at a crucial turning point. Industries such as aerospace, automotive, and construction face long lead times and high costs for large-format components, relying on fragmented supply chains and labour-intensive processes. Manufacturing automation company SAEKI has announced a $6.7 million seed funding round
Nordson Electronics has been honoured with the 2024 ‘Jabil Best Strategic Supplier Award’. This recognition highlights Nordson’s critical role in supporting Jabil, a global provider of manufacturing services, in achieving operational excellence and strengthening its supply chain. The Jabil ‘Best Strategic Supplier Award’ is given annually to suppliers who demonstrate outstanding performance in quality, delivery,
Farnell shares investment in stock to meet market demand with switches from all leading brands, including its private label Multicomp Pro range. Switches are crucial in many settings, but the type of switch required is dependent on the speed and demand of a network. For example, enterprise-level businesses may need high-speed switches with uplink ports
Nanopower Semiconductor has appointed ex-Nordic Semiconductor Chief Technology Officer (CTO) Svein-Egil Nielsen as the chair of its board of directors. Nanopower is a Norwegian fabless semiconductor manufacturer of the nPZero power-saving IC that reduces the power consumption of battery-powered applications by up to 90%. “We are thrilled to welcome Nielsen as the new Chair of
DigiKey announces its expansion in both supplier partners and new product introductions (NPI) in 2024. This includes the addition of 455 new suppliers and more than 1.1 million innovative products across its core business, Marketplace and Fulfilled by DigiKey programmes. “2024 was a year of investment for DigiKey, and an important piece of that strategy
Arrow Electronics announced a distribution agreement with Dukosi, an Edinburgh, Scotland-based innovator in battery monitoring technology, for advanced battery management systems that cater to the growing demand for sustainable energy solutions. Dukosi’s technology streamlines battery management systems by employing contactless communication for monitoring and optimising battery systems. This approach simplifies the architecture of battery systems,
On the 29th January, the European Commission unveiled its anticipated ‘Competitiveness Compass for the EU’. The European Semiconductor Industry Association (ESIA), representing the semiconductor industry and broader ecosystem in Europe, welcomes this initiative that “lists priority actions to reignite economic dynamism” in the EU. As a strategic sector at the centre of technological progress, the
Procurement Pro takes a look at the top news stories from January 2025. US stocks recoil following China’s DeepSeek AI startup reveal Chinese startup DeepSeek rocked global stock markets as it introduced its newest AI version, DeepSeek-R1, which has quickly rose to top app charts and Google Trend statistics, replacing ChatGPT’s longstanding dominance. This development
In a trading update for the third quarter ended 31 December 2024, RS Group says that group revenue decreased by 3% and by 1% on like-for-like basis. The company says that this reflects declining industrial production and PMI (Purchasing Managers Index) data, and weaker trading in the second half of December due to more extended
Avnet reported sales of $5.7 billion in Q2, down 8.7% year on year and up 1.1% sequentially, above the midpoint of the company’s guidance. Commented Avnet CEO Phil Gallagher (pictured): “Similar to last quarter, our results were primarily driven by stronger than expected performance in Asia, offset by weakness in the West with Europe presenting