Ingram Micro Inc. (NYSE: IM), the world's largest technology
distributor and a global leader in IT supply-chain, mobile device
lifecycle services and logistics solutions, announced today it has
signed an agreement with Telecom New Zealand, New Zealand's largest
telecommunications and IT service provider, to provide third-party
logistics and supply chain optimization services.
Under the terms of the agreement, Ingram Micro will manage the
warehousing and distribution of mobile devices and customer-fixed
line hardware from device and hardware suppliers to all Telecom
channels and channel partners.
"Telecom and Ingram Micro have a long and successful history of
partnership with Gen-i, Telecom's ICT division," stated Gary
Bigwood, managing director, Ingram Micro New Zealand. "As one of
our largest reseller partners, we've worked closely with Gen-i on
both third-party logistics services and the integration of our
respective back-office systems. This agreement is a logical
extension of that work and will support Telecom's strategic
objectives to deliver continuous supply chain improvement and
efficiency, as a major player in the New Zealand mobility
market."
This agreement also aligns with Ingram Micro's long-term growth
strategy to expand the company's business in high growth markets,
while increasing its services and solutions capabilities.
In October 2012, Ingram Micro completed its acquisition of
Brightpoint, Inc., (US$870m), a leading provider of device
lifecycle services -- with the ability to provide complete
lifecycle capabilities from basic warehousing to software loading,
order and accounts receivable management, end-user fulfilment and
reverse logistics, which include services from repair to
refurbishment and recycling of wireless devices.
"Ingram Micro is currently assembling a dedicated team
preparatory to services commencing later this year," Bigwood added.
"We are very excited about this project, as it is strategically
very important to Ingram Micro."
Retail Chief Executive Chris Quin says that Telecom is always
looking at how it could operate more efficiently so as to deliver
better value and service to its customers, and that the new
partnership with Ingram Micro is a win for both organizations.
"This partnership will bring significant efficiencies to our
mobile business and moving the strategic sourcing of devices
in-house will allow us to streamline our relationships with vendors
and maximise any added value that we can pass on to our customers.
Ingram Micro is a world-class provider of third-party logistics
which has similar systems and processes to those we're using
currently, so we expect a smooth transition without customer
impact."
Mr Quin said that the change would help further Telecom's
determination to become effortless for its customers to do business
with.
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) we have made and expect to
continue to make investments in new businesses and initiatives,
including acquisitions, which could disrupt our business and have
an adverse effect on our operating results; (2) we are dependent on
a variety of information systems, which, if not properly
functioning, or unavailable, or if we experience system security
breaches, data protection breaches or other cyber-attacks, could
adversely disrupt our business and harm our reputation and
earnings; (3) changes in macro-economic conditions may negatively
impact a number of risk factors which, individually or in the
aggregate, could adversely affect our results of operations,
financial condition and cash flows; (4) we continually experience
intense competition across all markets for our products and
services; (5) we operate a global business that exposes us to risks
associated with conducting business in multiple jurisdictions; (6)
our failure to adequately adapt to IT industry changes could
negatively impact our future operating results; (7) 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; (8) substantial defaults by our customers or the loss
of significant customers could have a negative impact on our
business, results of operations, financial condition or liquidity;
(9) changes in, or interpretations of, tax rules and regulations,
changes in the mix of our business amongst different tax
jurisdictions, and deterioration of the performance of our business
may adversely affect our effective income tax rates or operating
margins and we may be required to pay additional taxes and/or tax
assessments, as well as record valuation allowances relating to our
deferred tax assets; (10) changes in our credit rating or other
market factors such as adverse capital and credit market conditions
or reductions in cash flow from operations may affect our ability
to meet liquidity needs, reduce access to capital, and/or increase
our costs of borrowing; (11) failure to retain and recruit key
personnel would harm our ability to meet key objectives; (12) we
cannot predict with certainty what losses we may incur as a result
of litigation matters and contingencies that we may be involved
with from time to time; (13) we may incur material litigation,
regulatory or operational costs or expenses, and may be frustrated
in our marketing efforts, as a result of environmental regulations
or private intellectual property enforcement disputes; (14) we face
a variety of risks in our reliance on third-party service
companies, including shipping companies for the delivery of our
products and outsourcing arrangements; (15) changes in accounting
rules could adversely affect our future operating results; and (16)
our quarterly results have fluctuated significantly. We also face a
variety of risks associated with our acquisitions of Brightpoint,
Inc., Aptec and Promark, and any other acquisitions we may make,
including: management's ability to execute its plans, strategies
and objectives for future operations, including the execution of
integration plans; growth of the mobility industry, the government
contracts business, and in new and untapped markets in geographies
outside the U.S.; and other uncertainties or unknown,
underestimated and/or undisclosed commitments or liabilities; and
our ability to achieve the expected benefits and manage the costs
of the integrations of our acquisitions.
Ingram Micro has instituted in the past and continues to
institute changes to its strategies, operations and processes to
address these risk factors and seek 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
fiscal year ended Dec. 29, 2012; other risks or uncertainties may
be detailed from time to time in Ingram Micro's future SEC
filings.
About Ingram Micro Ingram Micro is the
world's largest wholesale technology distributor and a global
leader in IT supply-chain, mobile device lifecycle services and
logistics solutions. 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 and mobile solutions, technical support, financial
services and product aggregation and distribution. The company is
the only global broad-based IT distributor, serving approximately
160 countries on six continents with the world's most comprehensive
portfolio of IT products and services. Visit nz.ingrammicro.com
About Telecom Retail Telecom Retail
provides mobile, internet and fixed-line services to consumer,
small/medium business. The Retail team is passionate about
delivering effortless service to nearly 2 million customers across
Fixed, Mobile and Hosted Services in the first structurally
separated Telco in the world.
Telecom's mobile network was specifically designed for
smartphones, enabling fast download of internet pages and
applications, creating a great mobile internet and app's
experience.
Telecom is committed to remaining at the forefront of mobile
technology, evolving its world-class Smartphone Network to deliver
the best mobile experience to customers. For more information,
visit www.telecom.co.nz.
For More Information Contact: Investors: Damon
Wright (714) 382-5013 damon.wright@ingrammicro.com Media:
Lisa Zwick (949) 230-8794 lisa.zwick@ingrammicro.com
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