Electronics supplier Jabil Circuit of St. Petersburg, Fla., is getting into the software development game. According to the Wall Street Journal, the company will start offering its new supply-chain management software for subscription during the first quarter of 2017.
Jabil believes the software could generate $100 million annually on offerings like a Digital Prototype Lab, a 3D printing service, and managed supply-chain and procurement services. WSJ reports that while the company's electronics sales are slow, Jabil’s strategic move into SaaS coincides with the necessity of an increasingly global-compliant, agile supply chain.
In addition, the company's supply-chain and procurement services focus on traceability and compliance, WSJ reports. Jabil's branded services include a "Compliance & Conflict Mineral" service, which handles both risk analysis and compliance reporting, for example.