May 28, 2015 -
PRLog -- Electronics Sourcing has officially released its 2015 Top 50 North American Distributors list. Sales for the top 50 North American-based franchised distributors grew five percent in 2014, reaching $31.7 billion. According to Electronics Sourcing, they found that “the top distributors garner most of their sales from industrial customers (29%), followed by military/aerospace (22%), automotive (10%), telecommunications (7.5%), medical (6.5%), computers (6%), energy (5%) and mobile communications (1%)". bisco industries is proud to rank 13th (one spot up from last year) on the 2015 top distributor list. In 2014 bisco industries saw revenue of $130.6 million which is a 11.1% growth rate from the previous year. Among bisco’s top growth areas were electromechanical (40%), passive components (20%) and interconnect sales (20%).
LOOKING AHEAD TO 2015Looking ahead, distributors expect growth to continue in 2015. A recent ECIA survey corroborates the trend. The survey respondents including, distributors, manufacturers, and manufacturer representatives-
expect growth across all market segments in the second quarter of 2015 with the strongest growth coming from automotive, industrial, medical, and consumer segments. bisco industries anticipates continued growth in 2015 and is focused on investing in business technology and personnel. While prioritizing improvements on bisco’s e-commerce website, bisco will continue to focus on growing personal relationships with customers. In order to continue providing personalized service, bisco is set to open more facilities and expand its sales staff in 2015. In fact, bisco has already opened a new facility in South Florida this year and is slated to open additional facilities in British Columbia and South Carolina in the coming months.
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