Draft:Waldom Electronics
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About me: I am a representative of Waldom Electronics and am contributing to this article to ensure accurate and up-to-date information.
Waldom Electronics is a global master distributor specializing in electronic and electrical components, known for its focus on sustainability and green initiatives within the industry. The company exclusively sells to distributors and never to Original Equipment Manufacturers (OEMs), serving as a bridge between manufacturers and distributors.
History Waldom Electronics was founded in Chicago in 1947. Since its inception, the company has grown to become a leading Master Distributor in the Interconnect, Passive, and Electromechanical (IP&E) components sector. The headquarters is located in Rockford, Illinois, with offices and distribution centers in North America, Europe, and Asia.
Products and Services Waldom Electronics offers a broad spectrum of products including connectors, resistors, capacitors, relays, switches, and other passive components. The company is renowned for its extensive inventory and commitment to providing hard-to-find components. Additionally, the company is focused on providing solutions to a wide range of problems in the IP&E distribution industry:
• Minimizing Environmental Impact: Through distributor and manufacturer solutions aimed at reducing and eliminating excess inventory. Waldom stocks over 225,000 hard-to-find parts and provides thousands of parts in quantities below the supplier's minimum order requirements. • Supply Chain Solutions: Facilitating consolidated shipments, reducing delivery frequency, lowering fuel costs, and minimizing waste. The Long Tail Fulfillment Program optimizes manufacturers' production schedules, improving operational and energy efficiency.
Green Stock Program
The Green Stock Program is a cornerstone of their sustainability efforts. This program redistributes unused, high-demand components, significantly extending their lifecycle. Waldom has successfully redistributed over 5.7 billion components, conserving energy and raw materials. The goal is to repurpose 10 billion components by 2028. Manufacturers typically offer distributors scrap allowances or stock rotations, which traditionally resulted in excess stock being discarded. Now, excess stock is funnelled into the Green Stock Program, where it undergoes stringent quality control before being redistributed to a global network of 2,500 distributors, recovering an average of 87% of the value of the excess stock. Waldom collaborates with the top 50 Interconnect, Passive, and Electromechanical (IP&E) manufacturers, significantly reducing waste and optimizing inventory levels.
Waldom's Sustainability Initiatives include
1. Tree Planting Program: In partnership with veritree, planting a tree for every order of green stock, with a goal of planting 100,000 trees this year . 2. 1% Sustainability Pledge: Inviting manufacturers to contribute 1% to a common "green" budget, funding various sustainability projects . 3. ESG Awards: Launching the very first ESG Awards in the IP&E Distribution recognizing outstanding sustainability efforts among partners to set new standards for environmental responsibility.
Technological Integration and Efficiency: Waldom integrates inventory systems with distributor partners through APIs, ERP systems, and web integrations, enhancing supply chain efficiency and reducing environmental impact. This model allows distributors to manage stock efficiently without risky investments.
Future Goals and Vision: By 2028, Waldom aims to repurpose 10 billion components, plant 500,000 trees annually, and involve all major manufacturers in the Green Stock Program. Waldom's vision is to drive significant positive change in the electronic components industry through sustainability and innovation.
Corporate Social Responsibility
Waldom Electronics is dedicated to social responsibility and actively participates in initiatives that support environmental sustainability. The company engages in activities such as tree planting programs, energy-efficient operations, and partnerships with organizations that promote sustainability in the electronics industry. Waldom sponsors various organizations, including the Electronic Components Industry Association (ECIA), Electronics Representatives Association (ERA), and Women in Electronics, to further support and promote industry growth and development. The company has also launched its first ESG report to detail its environmental, social, and governance practices.
Education and Advocacy:
Waldom Electronics regularly publishes blogs and case studies on their official website and through the Waldom Connect newsletter on LinkedIn to educate the industry about e-waste and sustainability practices.
Leadership
In 2022, Don Akery, who has over 30 years of industry experience, joined Waldom Electronics as the company’s Chief Executive Officer. With a background in the electronic component industry and having been a leader in several major organizations, Akery has driven strategic growth and enhanced supplier and distributor relationships.
External Links
• Waldom Electronics Official Website • Green Stock Program • Waldom Blog
References
"Don Akery Joins Waldom Electronics as Chief Executive Officer," Business Wire. Retrieved from Business Wire.[1]
"Waldom Electronics Announces New Advisory Board," Business Wire. Retrieved from Business Wire.[2]
"Waldom pioneers sustainability in the electronics industry," EMSNow. Retrieved from EMSNow.[3]
"Destroyed, Recycled Or Sold: The Three Options For Excess Electronic Components Inventory," EMSNow. Retrieved from EMSNow.[4]
"ESG Awards Launched in IP&E Distribution Industry," Procurement Pro. Retrieved from Procurement Pro.[5]
"Waldom Electronics Publishes Inaugural ESG Report," EPS News. Retrieved from EPS News.[6]
"Waldom Electronics Advocates for Sustainable Practices with Green Stock Initiative," EMSNow. Retrieved from EMSNow.[7]
"Discover the Impact of Online Tree Planting with Waldom," Electropages. Retrieved from Electropages.[8]
"Selling Sustainably: How 'Green Stock' is Changing the Components Industry," Wiring Harness News. Retrieved from Wiring Harness News.[9]
- ^ https://www.businesswire.com/news/home/20220421005828/en/Don-Akery-Joins-Waldom-Electronics-as-Chief-Executive-Officer
- ^ https://www.businesswire.com/news/home/20220808005828/en/Waldom-Electronics-Announces-New-Advisory-Board
- ^ https://www.emsnow.com/waldom-pioneers-sustainability-in-the-electronics-industry/
- ^ https://www.emsnow.com/destroyed-recycled-or-sold-the-three-options-for-excess-electronic-components-inventory/
- ^ https://procurementpro.com/esg-awards-launched-in-ipe-distribution-industry/
- ^ https://epsnews.com/2024/07/02/waldom-electronics-publishes-inaugural-esg-report/
- ^ https://www.emsnow.com/waldom-electronics-advocates-for-sustainable-practices-with-green-stock-initiative/
- ^ https://www.electropages.com/blog/2024/05/discover-impact-online-tree-planting-waldom
- ^ https://www.wiringharnessnews.com/selling-sustainably-how-green-stock-is-changing-the-components-industry/