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Important updates for Avnet Abacus Customers
A letter to our customers in regards to Ukraine / Russia conflict
We are closely monitoring the devastating news coming out of Ukraine. Our thoughts are with our teams and partners as well as with all the people in this region, and we still hope that diplomatic and non-violent efforts can help resolve the situation, soon.
While safety and wellbeing is our priority, there will be some impact to your business in the affected countries. Due to the actions and sanctions being put in place by authorities across the world, Avnet and all of its subsidiary companies have stopped all business activities with Russia, Ukraine and Belarus as of Thursday, February 24, 2022.
Avnet’s latest statement on the impact of the global coronavirus outbreak.
After carefully evaluating the progression of the coronavirus outbreak, we have decided to cancel our participation at Embedded World 2020, scheduled from February 25 to 27 in Nuremberg, Germany. As a global company, we are closely monitoring the outbreak of the coronavirus and taking actions such as this one to protect our employees, partners, customers and industry colleagues worldwide and to do our part to maintain business continuity.
Brexit preparation at Avnet Components EMEA
Information for Customers and Suppliers regarding United Kingdom’s exit from the European Union
Avnet’s Response to News Reports about China’s Potential Restrictions to Rare Earth Elements
There have been numerous media reports regarding China potentially restricting its export of rare earth elements. Rare earth elements are a group of 17 chemically-similar elements that are critical to the manufacture of many products, including computer memory, rechargeable batteries, cell phones, fluorescent lighting, and electronics. According to news sources, China holds approximately 35% of global reserves of rare earth elements and accounted for 70% of global production in 2018.
In addition to monitoring media reports, our supply chain team has engaged directly with suppliers to gain their insight and perspective. We will continue to collaborate across our value chain with suppliers, customers, and other industry thought leaders to maximize our visibility on this complex matter.