SYNNEX Receives Best Taiwan Global Brands Award for the 20th Consecutive Year
2022.11.22

 

The results of the 20th annual Best Taiwan Global Brands were announced by global brand valuation consultancy Interbrand. This year, SYNNEX Technology International Corp (TWSE: 2347) received the award for the 20th consecutive year. The company’s brand value increased nearly 20 percent from last year to US$423 million. SYNNEX is the only high-tech distributor among the award winners.

 

Since 1997, SYNNEX has been operating overseas. This year marks its 25th anniversary. Owing to effective overseas business strategies and models, continuous accumulation of operational experience, and refined operational mechanisms, SYNNEX’s operational strength in the ICT and semiconductor distribution industry in the Asia-Pacific region has shown steady and sustained growth. Overseas distribution regularly accounts for more than 80 percent of SYNNEX’s revenue. In addition to the company’s well-known operations in Greater China market, Synnex Australia, PT Synnex Metrodata Indonesia, Synnex Thailand, Synnex FPT (Vietnam), and Redington India are all achieving excellent revenue growth and profit returns. SYNNEX is one of the few high-tech distributors that operates overseas successfully, with members of the group having significant growth potential over the next decade.

 

SYNNEX’s company name stands for “synergy” and “nexus,” positioning the company as a bridge in the high-tech supply chain. The company’s distribution services range from upstream semiconductor to mid- and downstream ICT products distribution, as well as from commercial and consumer electronics to cloud services markets. With the growth of the high-tech industry, SYNNEX has been able to recognize the development trends of the industry and the evolution of the supply chain ecosystem, timely adjusting its strategic positioning. The company continues to strive for innovation in its business model and a leading role in operational technologies.

 

Amidst the turbulent international and industry environment, SYNNEX has vigorously pursued its Agility and Leap Forward programs over the past five years, continuing to invest in digital transformation and operational efficiency optimization. In 2021, both the company’s revenue and profit reached record highs. In recent years, SYNNEX has pioneered the development of a Management Service Platform (MSP) that goes hand-in-hand with the ESG goals of “Sustainable SYNNEX, Cherish the Earth.” Starting with internal digital optimization, and including upstream and downstream supply chain associates, logistics carriers, as well as financial and other services providers, the company has joined hands with its partners in the supply chain ecosystem to improve collaboration efficiency and reduce carbon emissions. Through these joint efforts, SYNNEX aims to achieve its ideals of co-existence, co-prosperity, and co-benefits.

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