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Flex Ltd. - Ordinary Shares (FLEX)

25.80
-3.52 (-12.01%)
NASDAQ · Last Trade: Apr 5th, 10:53 AM EDT
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Competitors to Flex Ltd. - Ordinary Shares (FLEX)

Celestica Inc. CLS -4.39%

Celestica functions similarly to Flex by providing a range of manufacturing and supply chain solutions, focused on technological and industrial markets. Both companies aim to support their clients through comprehensive end-to-end services and are heavily invested in automating processes to boost efficiency. Celestica tends to excel in sectors like aerospace and defense, potentially positioning it as a better choice for companies in those industries, while Flex has a broader client base that includes consumer electronics, which offsets this advantage.

Hon Hai Precision Industry Co., Ltd.

Generally known as Foxconn, Hon Hai is one of the largest electronics manufacturers in the world and a key player in the EMS market alongside Flex. Foxconn is particularly recognized for its scale, production capacity, and cost efficiencies, and it dominates the smartphone assembly market. While Flex offers a diverse set of solutions across various industries, Foxconn's dominance in high-volume assembly gives it a competitive advantage when it comes to the consumer electronics sector, often locking in contracts with major brands like Apple for large-scale production.

Jabil Inc. JBL -5.35%

Jabil and Flex both operate in the electronic manufacturing services (EMS) industry, offering similar services including product design, manufacturing, and supply chain management. They compete on factors like pricing, manufacturing capabilities, geographical reach, and the ability to handle complex production needs. Jabil has a strong reputation in certain segments for its innovation and technology, often focusing on high-quality design services, which gives it a competitive edge in high-tech segments.

Sanmina Corporation SANM -3.40%

Sanmina and Flex compete directly in the EMS industry, focusing on providing advanced manufacturing services and supply chain solutions to various markets. Both companies are involved in high-volume production and often compete for contracts from tech companies. However, Sanmina has established a notable competitive advantage in sectors like medical devices and telecommunications, as it leverages strong technological leadership and robust quality assurance processes. Flex, meanwhile, competes through its diversified portfolio, enabling it to capture a wide range of customers.