Velocity Celebrates High Performance in the Global Semiconductor Industries
In the midst of an unpredictable market and an unprecedented year in the semiconductor industry, Velocity is honored to announce our inclusion in CIOCoverage magazine’s Top 10 Fastest Growing Companies to Watch. This year-end compilation includes companies poised for success in 2023, despite the shortages and economic issues that troubled the global semiconductor industry in 2022. Velocity is proud to be listed along with the solutions-focused semiconductor companies chosen by CIOCoverage for their innovative approach and potential for growth in the coming year.
The key to Velocity’s current and potential growth is not just increasing demand for top-quality semiconductors. We’re focused on more than just being one of the fastest-growing companies in the industry.
CEO Kris Kelley states, “Velocity has experienced exponential growth over the last two years, and I believe that’s a testament to the way we do business. Most important is building relationships and creating partnerships, not transactions. When you understand your customer’s problems fundamentally and get to know them as real people, you’re better equipped to dive in and solve those problems. Whether it’s strategically managing their supply chain, excess or obsolete inventory, sourcing, cost reduction, or all of the above.”
Although the global semiconductor market is projected to grow by 4.6% (to $662 billion USD) in 2023, it’s not expected to be an easy recovery. Velocity remains committed to serving as a trusted supply chain partner and independent electronic components distributor regardless of market conditions. Learn more about our partnership-centered, solutions-focused approach in CIOCoverage’s December 2022 issue, featuring Velocity CEO Kris Kelly on the cover and an in-depth interview inside.