Ingram Micro To Provide Third-Party Logistics For Telecom New Zealand
Santa Ana, CA (Marketwired) - 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.
SOURCE: Ingram Micro Inc.