I’m delighted to share that Simbe today announced a manufacturing partnership with industry leader Plexus Corp. to bring best-in-class store intelligence solutions to market at global scale. Throughout our first year of work together, Plexus has rigorously facilitated production in support of Simbe's rapid, chainwide deployments worldwide as the retail technology market experiences monumental growth.
This news follows a year of steadfast expansion for Simbe. The company recorded a 3X increase in subscription revenue in 2023. Thus far in 2024, Simbe has introduced retail’s first club intelligence platform for wholesalers; expanded its partnership with SpartanNash; and announced a leadership team expansion.
A proven commitment to supply chain, capacity, and quality
Plexus Corp. is the electronics manufacturing services (EMS) industry leader in the design, manufacture, and service of highly complex products and demanding regulatory environments. With more than four decades’ experience and a team of over 20,000, Plexus delivers unparalleled expertise to accelerate the production and shipment of Simbe’s advanced technology to retail customers globally. Its 26 facilities are located in the AMER, APAC, EMEA, and LATAM regions.
Our synergies create a winning combination. As Brian Wilson, Plexus’ Market Sector Vice President - Industrial, said: “Our partnership bolsters Simbe’s state-of-the-art technology in support of Plexus’ vision to help create products that build a better world.”
Capacity to meet global retail demand
Demand for cutting-edge retail technology has reached a crucial tipping point, according to a Coresight Research report from March 2024. Because retailers are losing at least 4.5% in revenue to in-store inefficiencies, the majority will invest up to 9 figures annually to improve inventory management, operations, and planning performance with in-store technology.
Simbe's operations are concentrated in Plexus' locations that have the capacity to produce thousands of new units each day to power rapid growth.
Support for Simbe’s best-in-class network of technology partners
This robust manufacturing partnership will empower a growing network of technology leaders like Avery Dennison Corp, Hewlett Packard Enterprise, Intel, NVIDIA, Simply NUC, and others who work alongside Simbe to develop advanced store intelligence solutions for new and existing retail partners.
We are grateful for Plexus’ industry-leading expertise as we continue to empower progressive retailers to cut costs, boost revenue, and expand customer lifetime value with our solutions.
