07/06/2023
Axis Communications Optimizes Production to Conquer Supply Chain Constraints... An industry leader in video surveillance, announced today that the company has reached key supply chain milestones, including more than 45% year-over-year increase in Q1 deliveries with continued growth through May 31, and record inventory levels in its Americas distribution channel to meet strong demand from integrators and end customers.
This comes after a record-breaking 2022 yielding $1.6 billion in global revenue and 20% global year-over-year growth, as outlined in the Axis 2022 Sustainability Report. These achievements are a result of the company’s recent initiatives, along with its industry-leading sustainability program which has long focused on enhancing operational efficiency and strengthening supply chain. It’s that ongoing work—along with boosted efforts and innovative initiatives implemented during the global supply chain crisis—that has helped the company excel and solidly position themselves to meet future market needs.
“Continuous improvement is a part of our DNA, and adversity often sparks innovation, so the COVID-19 pandemic and resulting supply chain crisis really put us into overdrive... Diversifying, and solidifying, our supply chain will have a lasting positive impact for our partners and customers—providing greater resiliency to navigate any future challenges. We are grateful to our partners and customers for not only standing by us through challenging times, but also for working with us to help identify ways to improve our approach toward customer service and supply chain management. Those relationships have played a crucial role in helping us craft a stronger, more sustainable vision for the future.”