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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