Jabil Circuit Inc. (JBL - Free Report) recently launched its novel Innovation Acceleration Services designed to optimize the whole product lifecycle to save time and resources at each step of production.
Jabil has designed these services so that users can adapt to an evolving product and market scenario efficiently while minimizing the costs and risks associated with the change.
As a senior executive stated in the press release “Innovating at the speed of digital requires continual application of new technologies, automation, analytics and manufacturing know-how.” He went on to add “We’re developing a complete ecosystem of digital connections to create new business opportunities, improve experiences and deliver added value, from start to finish.”
In line with the ongoing trend of digitization, the company’s solutions are focused on enhancing the four key areas of a product lifecycle, design, supply chain, manufacturing and compliance. Jabil has set up a Digital Prototype Lab (Radius DPL facility) to facilitate innovation and product design. It also offers Managed Supply Chain Services and Managed Procurement Services through its InControl Intelligent Digital Supply Chain and Procurement Intelligence platform to its clients to cut down on risks and costs. Apart from these, Jabil will also be offering 3D printing and additive manufacturing services, which will enable clients to bridge the gap between product development and mass production.
Last week, the company delivered strong fourth-quarter fiscal 2016 results and also initiated a restructuring process in order to realign its global capacity and administrative support infrastructure so as to optimize organizational effectiveness.
Jabil sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks to Consider
Similarly-ranked stocks in the broader technology sector include LinkedIn Corporation (LNKD - Free Report) , Autobytel Inc. (ABTL - Free Report) and Yirendai Ltd. (YRD - Free Report) . Over the past 60 days, full year estimates for Linkedin have surged by over 100% while the same for Autobytel and Yirendai rose 11.2% and 33.6%, respectively.
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