Future Electronics Supply Chain Conference Addresses Global Challenges, New Opportunities

Montreal, Canada (prsubmissionsite) October 17, 2019 – Future Electronics, a global leader in electronics distribution, recently held a supply chain conference to address recent challenges and new opportunities in the global electronics industry.

“This conference provided our customers with the opportunity to explore ways of managing potential supply chain disruptions, as well as constructive approaches to geopolitical challenges such as tariffs and border issues,” said Tom Galligani, Global Vice President, Supply Chain at Future Electronics.

Over 250 participants from across the Americas attended the two-day conference at Future’s Memphis Area Distribution Center (MADC). They explored updated strategies from leading suppliers including TE, Altech, and Kingston, and were presented with expert analysis and new approaches from global logistics solution providers Hellmann, Crane, Witron, Boston Consulting Group, and Supply Frame, among many others.

Jimmy McDonald, TE Vice President and Chief Supply Chain Officer, was among the featured speakers at the Conference. He gave attendees an in-depth look at what suppliers like TE do to address disruptions in continuity of supply.

“More than ever, customers and suppliers need to be aligned around the opportunities to deal with today’s challenges and improve performance for our mutual benefit,” McDonald said.

Hellman Worldwide Logistics presented updated strategies to derive additional value from the supply chain, including leveraging the Foreign Trade Zones (FTZs) across the United States.

Future Electronics presented the unique supply chain programs that have helped customers mitigate industry disruptions and maintain profitability in challenging market conditions. “Our Supply Chain Solutions team really is the differentiator for our customers, because they’re free resources our customers can use to improve their efficiencies and overall operational costs,” said Galligani.

Attendees came away with updated knowledge, concrete strategies, and new resources to help navigate the global supply chain environment in an efficient and cost-effective way.

“We’re constantly looking for ways to improve our procurement and supply chain to meet the demands of our customers while maintaining profitability,” said Dr. Bart-Matthew Guthrie, President of PQ Controls. “The team at Future has built a remarkable system in the Memphis facility, and we learned some efficiency strategies from them and from the conference speakers that we can employ in our own inventory and distribution system.”

The MADC is Future’s state-of-the-art flagship Distribution Center in the Americas. Its close proximity to carrier hubs and to one of the world’s largest cargo airports allows same-day shipments to be processed quickly and efficiently, which enables Future to continue to offer the latest cut-off times in the industry.

To learn more about Future Electronics’ differentiated supply chain solutions, visit www.futureelectronics.com.

About Future Electronics

Future Electronics is a global leader in electronics distribution, recognized for providing customers with global supply chain solutions, custom-tailored engineering services and a comprehensive suite of passives and semiconductor products. Founded by Robert Miller in 1968, Future Electronics has over 5,500 employees and operates in 169 offices in 44 countries around the world. Future Electronics is globally integrated, with a unified IT infrastructure that delivers real-time inventory availability and access to customers. With the highest level of service, the most advanced engineering capabilities, and the largest available-to-sell inventory in the world, Future’s mission is always to Delight the Customer®. For more information, visit www.FutureElectronics.com.

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Traderace Launches Lucrative New Trading Competition

7 june, 2019 ( PR Submission Site ) – It frequently seems as if regulators globally are doing their best to discourage people from trading FX, amidst claims that the process is unfair. Whether that stems from a perception that the whole process is weighted too much in favour of brokers, there’s a lack of transparency or concerns that clients being left exposed to significant potential losses, leveraged trading is struggling to shrug off a rather grubby reputation.

So, amidst the recurring claims of fast execution, great customer service and tight spreads, it’s encouraging to see some entities coming to market with a rather more innovative concept,  developed to find a new way of engaging both existing and potential traders alike.

Hong Kong-based Traderace seems to be doing just this with its newly launched trading competition. It’s been structured to make it simple to understand, runs on a pure STP model and leaves the traders not only working on building their own P&L as would be the case with any broker but also competing for prizes which are funded from the broker commissions generated. The concept is understood to be a world first and if the company can achieve its target of 200,000 participants, the prize fund is forecast to be in the region of EUR1,500,000  per month.

Participants will be limited to funding a maximum of five accounts per month, with a maximum deposit of EUR100 per account. That’s been designed deliberately to provide a level playing field across the board so that heavyweight participants aren’t immediately put at unfair advantage of winning either the monthly or annual competitions. Accounts can’t be funded more than once in a month in a move to encourage responsible trading, although the option to have multiple accounts allows several trading strategies to be run in parallel.

These will be looking for both the absolute return and also the greatest volume generated in a  month. Leverage terms and pricing will be set at industry standard levels, with popular currencies offered at 400 times margin and industry standard spreads, with the prize money funded purely from 70% of the trading commissions generated.  This creates a fair and transparent competition that should be both fun – and for some has the potential to see them gain life-changing sums of money.

As Antonis Nicholas explains, “We decided to structure this competition in a way that deliberately gives us as the counterparty no incentive to trade against clients. The full STP  model means we’re agnostic to each trade, meaning competitors are left to trade against the market and one another. There’s negative balance protection in place and we like to think of  this concept as meeting both the needs of professional and recreational traders alike.”

Traderace is working with the recently established 4XCube brokerage to deliver the necessary liquidity components. Participants will deal over the popular MT4 platform, opening up the competition to the widest possible audience, with the opportunity to trade on a range of instruments including currencies and indices. IBs will also be incentivised to encourage their clients to participate in the initiative.

In a world that at times seems to be sorely lacking innovation, this illustrates that other options do exist. The cooperative nature of the prize fund also provides valuable transparency.  Assuming Traderace can gain the necessary scale, as the company says the prize payouts –  which are in addition to an individual’s trading profits – could prove significant.

Media Contact

Antonis Nicholas

+85258031229

Email: info@traderace.com

Traderace Competitions LTD