Jabil Inc. (Jabil) provides manufacturing services and solutions worldwide.
The company provides comprehensive electronics design, production, and product management services to companies in various industries and end markets. The company’s manufacturing and supply chain management services and solutions include innovation, design, planning, fabrication and assembly, delivery and managing the flow of resources and products. The company’s services enable its customers to improve supply chain man...
Jabil Inc. (Jabil) provides manufacturing services and solutions worldwide.
The company provides comprehensive electronics design, production, and product management services to companies in various industries and end markets. The company’s manufacturing and supply chain management services and solutions include innovation, design, planning, fabrication and assembly, delivery and managing the flow of resources and products. The company’s services enable its customers to improve supply chain management, reduce inventory obsolescence, and reduce product fulfillment times.
The company serves its customers primarily through dedicated business units that combine highly automated, continuous flow manufacturing with advanced electronic design and design for manufacturability. Each business unit team serves as a single point of contact between a customer and Jabil. Business unit teams are supported by cross-functional teams, which leverage the power of the company’s global expertise and capabilities to carry out work at the site level.
The company conducts its operations in facilities that are located worldwide, including but not limited to China, Mexico, Singapore, and the United States. The company’s global manufacturing production sites allow customers to manufacture products simultaneously in the optimal locations for their products. The company’s global presence is key to assessing and executing on the company’s business opportunities.
On December 29, 2023, the company completed the sale of its product manufacturing business in Chengdu, including its supporting component manufacturing in Wuxi (the ‘Mobility Business’) to an affiliate of BYD Electronic (International) Co. Ltd. (‘BYDE’).
As of August 31, 2024, the company had two reporting segments: Electronics Manufacturing Services (‘EMS’) and Diversified Manufacturing Services (‘DMS’), which are organized based on the economic profiles of the services performed, including manufacturing capabilities, market strategy, margins, return on capital, and risk profiles. The company’s EMS segment is focused on leveraging IT, supply chain design and engineering, technologies largely centered on core electronics, utilizing the company’s large scale manufacturing infrastructure and the company’s ability to serve a broad range of end markets. The company’s EMS segment is a high volume business that produces product at a quicker rate (i.e. cycle time) and in larger quantities and includes customers primarily in the 5G, wireless and cloud, digital print and retail, industrial and semi-capital equipment, and networking and storage industries. The company’s DMS segment is focused on providing engineering solutions, with an emphasis on material sciences, machining, tooling, and molding of highly engineered plastic and metal parts. The company’s DMS segment includes customers primarily in the automotive and transportation, connected devices, and healthcare and packaging industries. The DMS segment included the results of the Mobility Business prior to the Closing Date.
Beginning September 1, 2024, the company reorganized its internal structure to focus on speed, precision, and solutions and as a result of the company’s organizational realignment, the company will report its business in the following three segments: Regulated Industries, Intelligent Infrastructure, and Connected Living and Digital Commerce. The company’s Regulated Industries segment is focused on regulated markets and includes revenues from customers primarily in the automotive and transportation, healthcare and packaging, and renewable energy infrastructure industries. The company’s Intelligent Infrastructure segment is focused on the modern digital ecosystem including artificial intelligence (‘AI’) infrastructure and includes revenues from customers primarily in the capital equipment, cloud and data center infrastructure, and networking and communications industries. The company’s Connected Living and Digital Commerce segment is focused on digitalization and automation, including warehouse automation and robotics, and includes revenues from customers primarily in the connected living and digital commerce industries.
Strategy
The company continues to pursue various strategies, such as establishing and maintaining long-term customer relationships; product diversification; utilizing customer-centric business units; leveraging global production; offering systems assembly, direct-order fulfillment, and configure-to-order services; offering design services; and pursuing acquisition opportunities selectively.
Design Services
The company offers a wide spectrum of value-add design services to enhance the company’s relationships with current customers and to help develop relationships with the company’s new customers. The company’s teams are strategically staffed to support Jabil customers for all development projects, from turnkey system design and joint development to industrialization and product optimization activities. The company’s design services support products across all markets the company serves and includes products, such as cloud data center server platforms; medical and consumer health devices; automotive assemblies for software defined vehicles, advanced driver assistance systems, autonomous systems, and electrification; connected consumer products and appliances; digital commerce ecosystem products for retail environments; power and storage products to support the energy infrastructure; and smart controls and security for digital building and utilities. These design services include:
Electronic Design. The company’s Electronic Design team provides electronic hardware and embedded software design services for analog, digital, radio frequency, power, sensor, and optical component applications. This ranges from initial concept and system architecture through design implementation and new product introduction to mass production.
Experience Design. The company’s Experience Design team works with product design teams to create product experiences that resonate with consumers through user research, industrial design, user interface design, and human factors. These capabilities are used to create, develop, and connect concepts and specifications that optimize the function, value, and appearance of products to satisfy the needs of consumers and manufacturing partners.
Mechanical Design. The company’s Mechanical Design team specializes in mechanical design of plastic and metal components, enclosures, sub-assemblies, assemblies, and systems to meet product requirements with the analysis of electronic, electro-mechanical and optical assemblies using state of the art modeling and analytical tools. This includes all aspects of product concept, detail design, wide-ranging environmental applications, thermal management, and tooling management.
Optical Design. The company’s Optical Design team focuses on applying the company’s knowledge in advanced optics to provide optical product solutions for virtual and/or augmented reality, Light Detection and Ranging (‘LiDAR’), 3D sensing, projection, and imaging. Throughout the design process, the company develop the required processes, equipment, and testing specific to optics in order to take the customer from design to precision mass production.
Industrialization Engineering Services. The company’s engineering services combine multiple functions to work with design teams to optimize products for maximum performance, highest quality, and time to market while balancing cost and manufacturability. These functions include the company’s computer-assisted design (‘CAD’) team, to provide PCBA design services using advanced CAD engineering tools, the company’s Value Analysis and Value Engineering (‘VAVE’) team, to increase value and decrease cost of both electrical and mechanical assemblies, and the company’s Engineering Prototyping teams for all development stages.
Product Verification. The company’s Product Verification team provides complete product verification throughout the full design cycle and executes specific test services. This includes product verification, failure analysis, regulatory, compliance and safety, packaging, simulation, and data analysis.
Manufacturing Test Solution Development. The company’s Manufacturing Test Solution Development team provides integral support to the design teams to embed design with testability and to promote efficient capital and resource investment in the manufacturing process. The use of software driven instrumentation and test process design and management reduces human dependent test processes and allows customer product test traceability and visibility throughout the manufacturing test process.
Fabrication and Assembly
The company offers systems assembly, test, direct-order fulfillment, and configure-to-order services to the company’s customers. The company’s systems assembly services extend the company’s range of assembly activities to include assembly of higher-level sub-systems and systems incorporating multiple PCBAs. In addition, based on quality assurance programs developed with the company’s customers, the company provides testing services for the company’s PCBAs, sub-systems, and systems products. The company’s quality assurance programs include product testing under various environmental conditions to help ensure that the company’s products meet or exceed required customer specifications.
Customers and Marketing
A key tenet of the company’s strategy is to establish and maintain long-term relationships with leading companies in expanding industries with the size and growth characteristics that can benefit from highly automated, continuous flow manufacturing on a global scale. A small number of customers and significant industry sectors have historically comprised a major portion of the company’s net revenue. The company also markets its services and solutions through the company’s website and social media platforms.
In the year ended August 31, 2024, the company’s five largest customers accounted for approximately 36% of the company’s net revenue and 88 customers accounted for approximately 90% of the company’s net revenue. Apple, Inc. accounted for 11% of the company’s net revenues for the year ended August 31, 2024.
History
The company was founded in 1966. It was incorporated in Delaware in 1992. The company was formerly known as Jabil Circuit, Inc. and changed its name to Jabil Inc. in 2017.