IM Ingram Micro Inc. (delisted)

SANTA ANA, Calif., Nov. 15, 2010 /PRNewswire/ -- Ingram Micro North America, an operating unit of Ingram Micro Inc. (NYSE: IM), the world's largest technology distributor and supply-chain services provider, is gearing up as it expects to ship more than 2 million packages filled with 6 million products each week over the holiday season. As the company prepares for Black Friday, Nov. 26, and Cyber Monday, Nov. 29, Ingram Micro's seven advanced logistics centers (ALC) are adding nearly 3,000 temporary workers in order to meet the anticipated demand of picking, packing, gift-wrapping, and shipping the increased volume of packages – an increase of 2 million more products per week compared to last year's holiday season.

"Both e-tailers and consumers want to know that the purchased goods will arrive in time for the holidays, making on-time and accurate shipping key," said Ingram Micro's Terry Tysseland, senior vice president, operations and supply chain, North America. "With a 99.9 percent shipping accuracy record, we're able to meet demand with teams made up of both seasoned full-time and skilled short-term associates who excel at challenges, are focused at the task at hand and work as one."

Ingram Micro anticipates hiring temporary workers in its ALCs located throughout the following metropolitan areas in North America:

Terms of employment typically run from the end of October until the end of December.

The amount of product that moves through the company's advanced logistics centers in the last eight weeks of the year tends to break all previous years' records. During Ingram Micro's peak season in 2009, North American ALCs shipped, on average, 6.3 million units per week – approximately 400 items per minute or enough to provide one holiday gift each peak week to every man, woman and child living in the city of Los Angeles.

"This year, we anticipate on the day after Black Friday – our busiest day – shipping nearly 400,000 orders; an increase of nearly 150,000 orders over last year's single-day record," Tysseland added.

According to Ingram Micro, included on the list of hot items this year are toys and consumer electronics such as HDTVs, laptops and desktops, tablet PCs and e-book readers, computer peripherals, GPS devices, audio and video, cameras, camcorders, digital frames and video games – all items that move through Ingram Micro's seven North American advanced logistics centers.

Ingram Micro cannot accomplish record-breaking ship-to days without the support of local labor. Through this partnership, the company is able to deliver on holiday promises and help provide many with needed jobs and income over the next few months. 

For more information about Ingram Micro, visit http://www.ingrammicro.com/.

For more information about Ingram Micro Logistics, visit http://www.im-logistics.com/IML_1/corporate.

Follow Ingram Micro on Twitter at www.twitter.com/IngramMicroInc.

Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995

The matters in this press release that are forward-looking statements are based on current management expectations. Certain risks may cause such expectations to not be achieved and, in turn, may have a material adverse effect on Ingram Micro's business, financial condition and results of operations. Ingram Micro disclaims any duty to update any forward-looking statements. Important risk factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, without limitation: (1) difficult conditions in the global economy in general have affected our business and results of operations and these conditions are not expected to improve in the near future and may worsen; (2) changes in our credit rating or other market factors such as continued adverse capital and credit market conditions may significantly affect our ability to meet liquidity needs through reduced access to capital, or it may increase our cost of borrowing; (3) our failure to adequately adapt to economic and industry changes and to manage prolonged contractions could negatively impact our future operating results; (4) if our business does not perform well, we may be required to recognize further impairments of our intangible or other long-lived assets or establish a valuation allowance against our deferred income tax assets, which could adversely affect our results of operations or financial condition; (5) we continually experience intense competition across all markets for our products and services, which may intensify in a more difficult global economy; (6) we operate a global business that exposes us to risks associated with international activities; (7) we have made and expect to continue to make investments in new business strategies and initiatives, including acquisitions and continued enhancements to information systems, processes and procedures and infrastructure on a global basis, which could disrupt our business and have an adverse effect on our operating results; (8) we are dependent on a variety of information systems and a failure of these systems could disrupt our business and harm our reputation and net sales; (9) terminations of a supply or services agreement or a significant change in supplier terms or conditions of sale could negatively affect our operating margins, revenue or the level of capital required to fund our operations; (10) changes in, or interpretations of, tax rules and regulations may adversely affect our effective tax rates or operating margins and we may be required to pay additional tax assessments; (11) we cannot predict with certainty what loss we might incur as a result of litigation matters and contingencies that we may be involved with from time to time; (12) we may incur material litigation, regulatory or operating costs or expenses, and may be frustrated in our marketing efforts, as a result of new environmental regulations or private intellectual property enforcement disputes; (13) future terrorist or military actions could result in disruption to our operations or loss of assets, in certain markets or globally; (14) the loss of a key executive officer or other key employees, or changes affecting the work force such as government regulations, collective bargaining agreements or the limited availability of qualified personnel, could disrupt operations or increase our cost structure; (15) we face a variety of risks with outsourcing arrangements; (16) changes in accounting rules could adversely affect our future operating results; (17) our quarterly results have fluctuated significantly; and (18) we are dependent on third-party shipping companies for the delivery of our products.

Ingram Micro has instituted in the past and continues to institute changes to its strategies, operations and processes to address these risk factors and to mitigate their impact on Ingram Micro's results of operations and financial condition. However, no assurances can be given that Ingram Micro will be successful in these efforts. For a further discussion of significant factors to consider in connection with forward-looking statements concerning Ingram Micro, reference is made to Item 1A Risk Factors of Ingram Micro's Annual Report on Form 10-K for the year ended January 2, 2010; other risks or uncertainties may be detailed from time to time in Ingram Micro's future SEC filings.

About Ingram Micro Inc.

As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics services, technical support, financial services, and product aggregation and distribution.  The company serves approximately 150 countries and is the only global broad-based IT distributor with operations in Asia.  Visit www.ingrammicro.com.

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SOURCE Ingram Micro North America