COVID-19 Wreaking Havoc with Distributors
In stark contrast to the massive growth of IaaS, SaaS and emerging technology subscription-based providers, traditional IT distributors are seeing flat revenue growth, McBain said. Tech Data reported a 3% loss before being taken private by Apollo Global Management last June. And Synnex reported 4.2% growth after announcing a split into two public companies.
“The bulk of distribution revenue comes from categories that don’t deliver rapid response to constant change, which suggests that headwinds for the global distribution industry will continue throughout 2021 due to the ongoing effects of COVID-19,” he said.
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