GROWTH OF EXCELLENCE
Company Milestones and Global Semiconductor Revenue
Growth of Electronic Manufacturing Services (EMS)
- PC explosion drives rapid adoption by businesses and consumers
- OEMs begin outsourcing to CMs to accelerate growth
- Increased outsourcing to CMs adds new complexity to the supply chain
Rand emerges to capitalize on fragmented industry
Recognizing an opportunity in the industry to fill a gap in the supply chain, Rand Technology emerges.
The Company immediately hires its first engineers in order to compete more effectively in the market by assisting customers with alternate part recommendations.
Supply chain build out in China; first international sales
Rand starts selling to international accounts – with the first international sale to Mexico – and places great emphasis on building out its supply chain in China.
Rand is first ISO-certified independent distributor (?)
Rand becomes the first ISO-certified independent semiconductor distributor in the industry, validating the importance of its quality management system and securing its position as a high-quality parts distributor.
Rand sets precedent for Global Contracts
The Company signs its first global contract with a Tier 1 CM, representing its first documented relationship with a contract manufacturer as well a move in the industry towards signed agreements.
Worldwide quality validation
Rand is the leader in vetting sources in APAC& EMEA providing the utmost confidence of reliable parts for their customers.
Crash, Recovery, and China
- Dot-com bust causes excess material to hit the marketplace
- OEMS and EMSs move to low-cost regions, particularly China
- Quality becomes bigger issue as supply chain moves to Asia
- Taiwanese ODMs begin to gain power
- Creation of smart phone drives cell phone explosion
Rand launches proprietary software system
Rand launches its proprietary parts and data management system worldwide providing customers a valuable tool (VICTOR THINKING🤔)
Rand targets European Market
Rand opens an office in the UK in order to provide access to the European market and customers.
Rand partners with Tier 1 OEM
Rand becomes a preferred partner for a primary OEM company that designs, manufactures, and provides IT solutions worldwide to all industries and end markets.
Rand signs agreement Telecom/IT OEM
The Company signs first agreement with Internet Protocol-based networking products Tier 1 OEM, requiring a new level of guarantees to the parts distribution industry.
Rand established Asian HQ
- Rand establishes its Asian Headquarters in Hong Kong.
- The Company adds Tier 1 ODMs to its customer base.
Rand expands its geographic footprint
Rand expands its geographic footprint to Guadalajara, Mexico joins the family of locations.
Rand adds Global Test Capabilities
Rand expands services to provide global test capabilities. Rand becomes test house for Tier 1 Computing/Cloud OEM for memory/CPU for global service and repair.
- Following the 2008 recession, the industry experiences flat demand, heightened margin pressure, and supply-driven market allocation
- Outsourcing continues
- The industry experiences a wave of supplier consolidation rather than much needed capacity investments
- Increased natural disasters expose supply-chain vulnerabilities
- Disruptors include automotive, IoT, AI, and hyperscale
Rand moves European office to Hungary
Rand moves its European office to Hungary to position itself closer to suppliers and achieve greater cost efficiencies.
Rand opens ITAD facility
Rand opens an ITAD facility in Tennessee to provide customers with value-added services in a central location close to major transportation hubs.
Rand’s ITAD facility earns R2 Certification
Rand’s Tennessee ITAD facility earns R2 Certification offering customers sustainable options including reuse and reutilization to vastly reduce disposal.
Rand ITAD expands service options
Rand Tennessee ITAD expands to offer On-site, White glove, and Secure data destruction. Rand lands ITAD service contracts with leading Telecom, Computing/Cloud, and IoT companies.
Rand adds Board of Directors
Rand’s Board of Directors adds valuable insight, growth, and guidance to management team. Directors from all sectors provide Rand a wealth of experience and growth potential.
Renaissance of hardware technology
- Renaissance of hardware technology to support AI’s next generation of products
- Fundamental building blocks of semiconductor manufacturers insufficient and require tremendous investment and time to support new products
- New demand drivers: Hyperscale, Cloud Enterprise, 5G, Auto, and Power
- Biggest threats: Geopolitics, shortage of supply chain professionals, and macroeconomics