Chief Executive Officer, President of Electronic Components, Member of Executive Board & Director, Avnet
Search every verified Philip Gallagher interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a December 2024 interview at the Electronica trade show, Gallagher stated that Europe remains a "sweet spot" and is "critical" to Avnet's long-term success, despite current market softness. He described the industrial and automotive markets as "a little soft" with excess inventory needing to be burned off, but noted that Avnet is "not in it for the short term." Gallagher said he believed the market in Europe was "close to the bottom" and forecast that the market would begin to turn around in the second half of 2025, though he added he did not expect a "rocket ship" recovery. He also noted that defense and aerospace were performing well. Earlier in 2024, Gallagher emphasized Germany's importance to Avnet, stating that roughly 50% of the company's European business comes from Germany. He highlighted Avnet's investment in a new warehouse and logistics center in Bernburg, Germany, which he described as "one of Avnet Inc's largest single investments" and which is expected to open around mid-2025. Gallagher also discussed the company's expansion in Freiburg, where Avnet is doubling its manufacturing capacity for embedded systems. In a separate interview, he commented on supply chain dynamics, noting that some customers are "moving around" to Vietnam rather than pulling out of China entirely.
“Europe is still sweet spot for us and is critical to Avnet's success in the long haul. We've been around for 103 years as a corporation and Europe is critical to us.”
“Some of the industrial markets got a little soft, the automotive market's gotten a little soft, there's a little too much inventory out there that has to be burned off. We're not in it for the short term, we're in it for the long term and we're still as committed to Europe and committed to Germany as we've ever been.”
“We've had hundreds literally of meetings with customers, suppliers, folks like yourself and there's a lot of optimism. Hey, little short-term toughness, yeah it's okay, the optimism, the meetings have been great, the energy's just been phenomenal.”
“We think the bottom was the March quarter in Asia and we've grown in Asia from June over March and September over June. In September we crossed over year-on-year growth, that's a really great milestone.”
“In Europe, it's pretty soft, particularly here in Germany and Germany does drive a lot of the European marketplace for semiconductors and growth. So we're kind of close to the bottom, which is good news.”
“We think December will be about flat and America somewhere in between, they're kind of bouncing along the bottom. We're not seeing tremendous growth again, industrial is soft as well, automotive is a little soft unfortunately.”
“With what's going on in the world, defense and aerospace is actually going pretty well.”
“I believe we're going to bounce on the bottom, little soft, flat, and then the market end of March quarter into June, think we'll start seeing it turn around a little bit.”
“I think 2025, mid-year to second half, we'll start to see it turn around. I don't think it'll be a rocket ship but I think we'll start to see it coming up.”
“So we're seeing customers maybe not move out of China; they're not pulling out but they're not putting more in. But they're moving around May to Vietnam back to the supply chain dynamics is what we're seeing with some of the customers and why we're expanding.”
“The segment mix for AMET Asia is quite balanced. GE mix that means Japan, Asian Taiwan, and China we are quite okay for this Jo mix and also the second mix also is quite balanced.”
“Germany's critical for Avnet and not just within Europe but globally it's what's one of our fastest growing regions continues to be has been for years when you bring it into the context just within Europe in Germany's roughly 50 percent of our total business comes out of Germany.”
“We're truly excited matter of fact it's one of Avnet Inc's largest single investments we've ever made and we've been around for 101 years so that's a statement in and of itself for Europe in a statement for Germany.”
“If you look over the next five to seven years in the industry it's forecasted to double right so if you look at the total industry and it's roughly 500 billion dollars globally it's going to a trillion and we believe not only Germany but Europe will get its unfair share of that market opportunity.”
“We need to have a location and that expansion that warehouse logistics center ready to handle that increased capacity.”
Die Distributionsbranche ist speziell in Europa im schwierigen Fahrwasser. Wie ordnet Avnets CEO die Lage ein? Antworten im ...
2023年全球走過半導體產業鏈的「大缺料」，然而景氣快速修正，總體經濟包括通膨、升息等不確定性因素充斥，消費電子終端需求 ...
Avnet CEO Phil Gallagher im Video-Statement zum Standort Deutschland und die Investitionen in Bernbug (Sachsen-Anhalt) und ...
Ep. 126: College football shaped this executive in his 40th year with Avnet. Phil leads more than 15000 employees across 140 ...
What is it like to be the CEO of a $19.5 billion/year revenue company? Yeah, I don't know either. But my guest in this episode of ...
Phil Gallagher, CEO of electronic parts distributor Avnet, appeared on Tuesday's episode of "Mad Money," explaining what he ...
Avnet Technology Solutions global president Phil Gallagher sits down with CDN to discuss his priorities for the distributor, the ...
Avnet Technology Solutions' global president Phil Gallagher and Americas chief Jeff Bawol address some of the biggest ...
Sign in to search the full transcript archive, filter by topic, and access every quote from Philip Gallagher.
The summary and quote tags on this profile are produced with AI assistance from verified, first-person interview transcripts, then checked by our team to confirm the speaker's identity and the accuracy of every quote. See how we verify →