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2007'09.25.Tue
Avnet Logistics Receives Logistics Award Hong Kong 2007
September 24, 2007


The First in Asia's Electronics Distribution Industry to
Receive the Logistics Award Hong Kong


    HONG KONG, Sept. 24 /Xinhua-PRNewswire/ -- Avnet
Logistics, an integrated logistics service provider and
division of global technology distributor Avnet, Inc.
(NYSE: AVT), today announced that it has received the
Logistics Award for medium enterprises jointly presented by
the Logistics Awards Hong Kong Organising Committee. Avnet
Logistics is the first in Asia's electronics distribution
industry to receive the recognition.  

    (Logo: http://www.xprn.com/xprn/sa/200703010917.jpg )

    "We are honored to receive this prestigious award.
It both acknowledges Avnet's commitment to the Asian
business community and recognises our role as a leading
global technology distributor and logistics service
provider," said Louis Lam, vice president of
logistics, operations and IT at Avnet Asia.
 
    The award criteria focuses on a company's ability to
demonstrate leadership, establish and deploy a well-defined
business strategy with clear management processes and
demonstrate proven results in quality, cost management and
customer service. With an emphasis on sustained improvement
in key operational performance indicators, the award is
designed not only to recognise current performance but also
to acknowledge effective efforts at building capabilities to
meet rapidly growing future needs.

    With well-established logistics infrastructure for
electronic component products and computer systems,
together with a strategy focusing on operational excellence
and exceptional customer service, Avnet Logistics exceeded
all of the award criteria.

    Anthony Wong, president of the Hong Kong Logistics
Association and one of the organisers of the awards
commented, "The Logistics Award recognises the
significant contributions that particular Hong Kong
logistics companies have made to the industry and the value
they create for customers in the supply chain, which are the
elements crucial to enhancing Hong Kong's competitiveness in
the global logistics market. Award recipient Avnet Logistics
succeeds in providing efficient and cost-effective logistics
services that exceed customer requirements. Their
operational excellence strategies and continuous commitment
to green logistics initiatives make them stand out from
others in the competition."

    Serious about global environmental initiatives, Avnet
Logistics supports compliance with the various global RoHS
environmental directives, helping customers meet today's
demanding market requirements. It also works to
continuously improve each customer's experience and
increase employee engagement by streamlining business
processes and eliminating steps that do not add value. 

    "Operational excellence directly impacts top and
bottom line performance by increasing customer
satisfaction. It also offers significant reduced
time-to-market benefits to customers and clearly
distinguishes us from our competitors," said Jim
Smith, president, Avnet Logistics. "The Logistics
Award is recognition of the importance and strength of our
logistics strategy, our capabilities and our team in
Asia."

    The Logistics Award comes three years after Avnet Inc.
transitioned Avnet Logistics into a separate business unit.
Since then Avnet Logistics has had substantial success in
engaging customers, who are also trading partners, to
mobilise their supply chain requirements on a global
basis.

    "Our highly sophisticated Asia Logistics Hub
offers seamless connection to the global distribution and
logistics network, providing superior support to customers
operating in, or targeting the general Asia market and
especially the Greater China market," said Lam.

    Avnet Logistics operates 20 global logistics centers to
provide third-party logistics (3PL) services, transportation
management, device programming, demand planning, logistics
network management and reverse logistics solutions along
with logistics assessment, design and implementation
services.

    With a well established international network and
logistics capabilities, Avnet recently doubled the size of
its Hong Kong Logistics Center, making it a strategic Asia
hub to connect with other Avnet centers in Shanghai,
Shenzhen, Singapore and Taiwan. Together, Avnet's Asia
operations efficiently provide seamless logistics and
supply chain services to customers in Asia Pacific and
throughout Greater China.

    About Logistics Awards Hong Kong 2007

    The Logistics Awards Hong Kong 2007 aims to recognise
the excellence of logistics services providers and to
encourage them to further move up the value chain. The
Awards will also serve as a marketing tool for awardees to
market their services, and to gain prestigious recognition
from the logistics community and other business sectors. It
is jointly organised by Hong Kong Trade Development Council,
Hong Kong Logistics Development Council, Chartered Institute
of Logistics and Transport in Hong Kong, Hongkong
Association of Freight Forwarding and Logistics, Hong Kong
Logistics Association and Hong Kong Productivity Council.
For more information, please visit
http://www.tdctrade.com/lahk2007/ .

    About Avnet 

    With more than 300 locations serving customers in 73
countries worldwide, Avnet markets, distributes and adds
value to the products of the world's leading electronic
component suppliers, enterprise computer manufacturers and
embedded subsystem providers. Additionally, Avnet brings a
breadth and depth of service capabilities, such as
supply-chain optimization, logistics solutions, product
assembly, device programming, computer system integration
and engineering design assistance. For the fiscal year
ended June 30, 2007, Avnet generated revenue of $15.68
billion. Visit http://www.avnet.com .

    Note to editors: this release can also be found on the
EBA Web site at http://www.eba.com.hk . For enquiries on
releases by email, please call Rosa Lee at (852) 2537 8022
or send a message to rosa@eba.com.hk.


    For further information please contact:

     Jaime Chan
     Tel:   +852-2410-2735
     Email: jaime.chan@avnet.com 
 
     Brian Peterson (EBA)
     Tel:   +852-2537-8022
     Email: brian@eba.com.hk

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