After a record-setting year, Smith earns #11 place in SourceToday’s top 50 ranking
Houston, TX (May 22, 2017) – Smith, a global distributor of electronic components and semiconductors, has been ranked #11 in major industry publication SourceToday’s 2017 Top 50 Electronics Distributors List.
This ranking, which examines the franchised, independent, and hybrid distributors that have achieved the highest revenues in the previous year, provides a benchmark within the global electronics sphere. In the #11 spot among all distributors, Smith has risen two ranks from last year’s listing and continues to hold the leading place among independent distributors.
This achievement comes on the heels of Smith’s record-breaking 2016, during which the company earned its highest revenues in more than three decades of business. At US $810 million in global annual sales, Smith has achieved significant year-over-year growth from 2015 to 2016 and remains on target for continued expansion. With an eye toward the future, the company continues to focus on the customer support and innovation that power this growth, with the goal of being ranked among the industry’s top 5 distributors within the next five years.
“The global electronics industry is evolving, and Smith is dedicated to always evolving with it,” said Marc Barnhill, Smith’s Chief Trading Officer. “This resolve shaped our growth strategy in 2016, pushing us to innovate to meet our customers’ changing support and service needs across regions and industries. We will always push ourselves so we can keep offering the strategies and resources to help them succeed.”
The SourceToday 2017 distributor ranking can be accessed here.
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 16 cities around the world, from Silicon Valley to Seoul, Smith’s 475 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 11 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