SYNNEX Corporation (NYSE:SNX), a leading business process services
company, today announced the launch of flexSource, a newly created
division to offer companies a full turn-key logistics solution to
address the needs of large volume or specialty logistics services.
The flexSource offering combines logistics acumen, transportation
expertise and a rich menu of value-added services, to provide a complete
third party supply chain solution that creates efficiencies throughout
the logistics process and eliminates pressure points along the logistics
lifecycle. By leveraging its existing facilities and IT systems,
flexSource can improve the profitability of companies utilizing its
services.
"We will continue to invest in high value service offerings like
flexSource to replicate the success we have achieved with Concentrix
Corporation. Concentrix has experienced significant growth since its
inception and is now ranked #43 out of the top 100 outsourcers in the
world by IAOP for 2009," stated Peter Larocque, President of U.S.
Distribution at SYNNEX Corporation. "We believe flexSource is positioned
well to experience similar success and growth. The evolution of
flexSource builds upon the strength in distribution and the cost
effective logistics that have positioned SYNNEX as a leader in the North
America IT marketplace."
The flexSource full turn-key service offering is modular in nature and
covers all aspects of the logistics lifecycle. Capabilities include:
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Transportation Management
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Inventory Optimization
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Complementary Product Matching
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Reverse Logistics Asset Refurbishment and Disposal
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Business Process Outsourcing Services
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Strategic Procurement
The development of the flexSource division capitalizes on SYNNEX' 25
years of industry leading experience in managing all aspects of the
supply chain cycle, packaged into one cohesive offering.
During its National Sales Conference, taking place in Greenville, South
Carolina during October 7-9, 2009, flexSource will host breakout
sessions outlining the various service offerings.
"By touching all elements of the supply chain as SYNNEX can do, our
vendors and customers can benefit from reduced logistics costs, reduced
inventory and order cycles and improved service level commitments, which
in turn strengthens our value proposition," Larocque continued.
About SYNNEX Corporation
SYNNEX Corporation, a Fortune 500 corporation, is a leading business
process services company, servicing resellers and original equipment
manufacturers in multiple regions around the world. The Company provides
services in IT distribution, supply chain management, contract assembly
and global business services. Founded in 1980, SYNNEX employs over 7,000
associates worldwide and operates in the United States, Canada, China,
Japan, Mexico, the Philippines and the United Kingdom. Additional
information about SYNNEX may be found online at www.synnex.com.
About Concentrix Corporation
Concentrix Corporation is a global KPO company with award-winning
expertise in providing our clients with services and support to enhance
their customer relationships. From locations in China, Japan, the
Philippines, the United States and Central America, our over 4,500
employees support clients in multiple languages and countries around the
world. Concentrix Corporation is a wholly owned subsidiary of SYNNEX
Corporation (NYSE: SNX), a Fortune 500 company. For more information,
please visit www.concentrix.com.
Statements in this release that are forward-looking, such as flexSource
capabilities, growth and success, continued investments and benefits of
the foregoing, involve known and unknown risks and uncertainties, which
may cause the Company's actual results in future periods to be
materially different from any future performance that may be suggested
in this release. The Company assumes no obligation to update any
forward-looking statements contained in this release.
Copyright 2009 SYNNEX Corporation. All rights reserved. SYNNEX, the
SYNNEX Logo, Concentrix, the Concentric logo, flexSource and all other
SYNNEX company, product and services names and slogans are trademarks or
registered trademarks of SYNNEX Corporation. SYNNEX and the SYNNEX Logo
Reg. U.S. Pat. & Tm. Off. Other names and marks are the property of
their respective owners.
SNX-G
SOURCE: SYNNEX Corporation
SYNNEX Corporation
Laura Crowley, 510-668-3715
Director of Investor Relations and Public Relations
laurack@synnex.com
