Smith closes 2016 with US $810 million in global sales
Houston, TX (January 24, 2017) – Smith, a global distributor of electronic components and semiconductors, has closed 2016 with its highest-ever annual revenues. With US $810 million in global annual sales last year, Smith is making plans for continued growth, innovation, and expansion of customer support.
“Smith’s business is built on our devoted relationships with our customers and our constant drive to innovate,” said Lee Ackerley, co-founder of Smith. “These are what will push us into the next era of Smith’s growth.”
2016 was a year of significant expansion for the company. Smith began to broaden its footprint in Europe, with new offices in Cluj-Napoca, Romania and Munich, Germany opening in 1Q2017. The company also relocated its Hong Kong regional hub to a warehouse space that has more than doubled Smith Hong Kong’s operational facilities. Plans are currently in development for expanding Smith’s Amsterdam operational hub.
Smith is now focused on growing out service programs for customers and continuing to examine new modes and channels of distribution.
“Our global trading team worked tirelessly last year to support our customers across industries with flexible programs and service,” said Marc Barnhill, Smith’s Chief Trading Officer. “They made company history in the process.”
2016 was Smith’s top year in its three-plus decades and the company will carry this momentum into the year ahead.
“We’re excited to explore how we can keep pushing ourselves and empowering our customers," said Bob Ackerley, co-founder of Smith. "This is only the beginning."
Founded in 1984, Smith sources, manages, and distributes the electronic components that go into everything from mobile phones and computers to appliances and directional drilling systems. In 13 cities around the world, from Silicon Valley to Seoul, Smith’s 500 employees communicate in 36 different languages and buy and sell components 24 hours per day. Smith is always moving: helping manufacturers navigate market shifts; customizing supply chain solutions; testing components using cutting-edge technology. With testing and logistics hubs in Houston, Hong Kong, and Amsterdam, Smith’s processes focus on critical issues, from quality management to counterfeit prevention and environmental safety. Smith’s operations, purchasing, and sales worldwide are seamlessly integrated with the company’s global IT infrastructure, Saleschain™, offering real-time inventory and logistics visibility anywhere in the world. Smith is the leading independent distributor of electronic components and ranks number 13 among all global distributors. Smith’s Intelligent Distribution™ model adapts to ever-changing demands by providing seamless global electronics sourcing and logistics, regardless of distribution channel or locale. For more information, please visit http://www.smithweb.com, or, to reach a Smith representative 24 hours a day, please call +1 713.430.3000.
For more information, contact:
Smith, VP of Marketing