2022: A YEAR
IN REVIEW
Smith had our best year ever in 2022. From new locations and significant operational investments to heightened product demand and top-tier industry recognitions, we have cultivated our people, processes, and performance to validate our leading position in the semiconductor supply chain.
Growth
$12.6 billion in revenue since 2018
200% increase over the previous five years
9.5 billion parts shipped since 2018
350% increase over the previous five years
Recognition
#01
ESNA Top Independent Distributor
#07
SourceToday Top Distributor
#01
Houston Business Journal Largest Family-Owned Business
#05
Houston Chronicle Best Private Companies
#12
ESM China Top International Electronic Distributor
#4391
Inc. 5000
Smith was also named
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Featured Electronic Components Distributor – EE Awards Asia
-
Outstanding International Branded Distributor – ASPENCORE
-
Inc. Best in Business – Inc.
The following Smith leaders were named Pros to Know by Supply & Demand Chain Executive:
Marc Barnhill
Chief Trading Officer
Kirk Wehby
Chief Operating Officer
Demand and Distribution
30K
unique manufacturer part numbers shipped last year
100%
year-over-year increase in IC sales
100%
year-over-year increase in SSD sales
IC sales since 2018 are
15x higher
than the previous five years.
Expansion
Our sales offices in Hong Kong, Shenzhen, Guadalajara, and Berlin expanded or relocated to larger spaces.
Q1 2023 Projects
-
Smith opened its fourth global distribution center in Singapore, adding 20,000 square feet of operational space.
-
Our Cluj-Napoca office is now 325% larger to accommodate our quadrupled workforce.
Operations
Smith’s process-automation engineers performed workflow time studies to
identify inefficiencies in our processes and develop solutions to further improve our efficiency and effectiveness. As a result of these studies, we have:
-
Improved cycle times on our decapsulation process
-
Developed a new diode-testing process
-
And more to come in 2023
Learning and Development
904
courses available
– 50% year-over-year
increase
Leadership Program courses available
130
45K
learning sessions completed in 2022
3K
average monthly visits to Smith University, our learning and development platform
Classes are available in English, Korean, Mandarin, and Cantonese.
Connections
Smith attended and exhibited at
fourteen trade shows in 2022:
-
PMMC (Denver, CO, US)
-
AutoTech Detroit (Detroit, MI, US)
-
Evertiq Expo Berlin (Berlin, DE)
-
Mexico Auto Summit (Léon, MX)
-
Electronica India (Dehli, IN)
-
Electronica Munich (Munich, DE)
-
Evertiq Expo Warsaw (Warsaw, PL)
-
IIC Shenzhen (Shenzhen, CN)
-
Data Center World (Austin, TX, US)
-
CES (Las Vegas, NV, US)
-
Detroit Auto Show (Detroit, MI, US)
-
Autosens Brussels (Brussels, BE)
-
Latin American Electric Vehicle Show (São Paulo, BR)
-
NAB Show New York (New York, NY, US)
Careers and Tenure
18%
increase in global workforce
employees were promoted in 2022
76
Smith received numerous awards recognizing our company culture and employee satisfaction.
JobMarket
Employer of Choice Award
JobMarket
Employee Engagement Award
JobMarket
Asia Pacific Employer Award
HR Asia
Best Companies to Work for in Asia
#60
Comparably Best Company Compensation
#71
Comparably Best Company Culture
#83
Comparably Best Company Perks & Benefits
#87
Comparably Best CEOs for Diversity
#93
Comparably Best Companies for Diversity
CSR
Smith employees around the world shared their time, money, and skills to improve the communities around them. Watch our CSR Highlights video to learn more about the ways Smith gave back in 2022.
2023 and Beyond
2022 was a year unlike any other, but we are far from finished. Our commitment to continuous improvement remains steadfast, and we head further into 2023 ready to develop and implement new ways to better serve our global customers. Thank you for your partnership, and we look forward to building new opportunities to connect your supply chains in the years to come.
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