Jabil Overview. Everything you need to know

Jabil Overview

Jabil is a manufacturing service provider organization that offers multiple services tailored to meet production and manufacturing companies’ needs. These services range from providing procurement to distribution, and design, to product management services as well as the production of much-needed products. In its entirety, the company offers supply chain distribution links, which include catering for all client’s logistic-related services. If you are looking at giving Jabil a second thought to help you in catering for your company’s manufacturing services, this piece will help you make the best decision. The role of this piece is to unveil everything there is to know about Jabil, starting from the company’s background, to its founders and management, to its financials, to its pros and cons, and finally, it would end with a concise conclusion, wrapping all that is being said in few and easy to understand sentences, hence this will enable you to make a rational decision.   

Jabil Background and Founders

Jabil is an American worldwide manufacturing company founded in 1966 and officially incorporated in 1969, under the name Jabil, Inc. One of the main objectives and mission of Jabil Inc. is to drastically help minimize the cost of manufacturing and transportation of its clients, and by extension, provide a supply and distribution chain that works across all economic sectors. It is quite imperative to note that the company doesn’t only supply manufacturing agencies in the United State, but has since over the years expanded its operation network across all major countries in the world, whilst maintaining to give the best industrial quality for its clients.

The name of the company is a derivative of the founders’ names, James Golden and William Bill Morean, who conjoined together to co-found the company in 1996. However, in 1969, the company was officially incorporated in Detroit, Michigan, and shortly after its establishment, the company produced and manufactured a product called PCBs.

Throughout the 1980s, the company was charged with the mission to provide and make available products for computer-making companies such as Dell computers, and it continued in the manufacturing and supply of these products until 1993 when the company became a public limited liability company.

Hence, in 1993, the company started trading in the NYSE the New York Stock Exchange market. And during this training period, the company was trading under the signage symbol called JBL. The company continued in its trading activities and as a sequel to its strategic move, the company witness several changes as the years changed. In 2001, the company was listed under the S&P 500 index, and in 2014, the company transited to S&P Midcap 400 index from S&P 500 index.

In 2013, after the retirement of the company’s board chairman, the Jabil board of directors appointed Mark Mondello as the Chief Executive Officer (CEO) of the company, replacing Timothy Main who was elected as the company’s board of directors chairman. Similarly, William E. Peters was also appointed as the company’s president, while William D. Muir Jr. was appointed as the chief operating officer. However, these three individuals were appointed on the basis of merit conjoined with their length of stay in with the company which counts for 20 years.  

In 2016, sequel to the company’s operational retraction, Jabil retrenched a total number of four hundred (400) employees with a total number of one hundred corporate employees amongst the pool.

Similarly, in 2017 Jabil was compelled to close one of its international plants, which by records happened to be its first European International plant located in the axis of Livingston, United Kingdom. This move led to a sudden loss of jobs for two hundred and sixty-six individuals both skilled and unskilled staff. 

Operations and Management Overview

Having over two hundred and sixty thousand (260,000) employees scattered across the globe, with precisely 100 locations in over 30, 000 countries, Jabil remains the world’s leading brand choice for manufacturing and distribution-related services. However, Jabil was able to earn this great feat sequel to its outstanding manufacturing products that surpass industrial normal standards, its ever-reliable chain of supply, excellent service delivery, and its ever-dedicated team of talented and committed individuals.

Jabil, according to research is a major service provider for several Fortune 500 companies. One of its major involvement is in the design of engineering services. While utilizing its industrial design services tailored to design the physical copies of printed circuit systems and boards, Jabil helps provides highly technical and mechanical design services to all requesting clients, and these services include electronic analysis services, optical, and computer-base design, verifying assemblies of printed circuit boards, and other consulting related services.

Additionally, other major services Jabil engage in, are supply chain and logistics services. Jabil’s supply chain and logistic services range from virtual or vertical mechanics to electronic outsourcing, to supply chain management to quality, to advance, to supply chain solutions, to business analytics, and finally, to standardized global systems. During the flood and earthquake period, Jabil’s excellent supply chain always comes to the limelight, as the company strive to ensure there is zero disruption and interruption in its supply chain and logistic services. However, to achieve this, the company utilizes several strategies which may sometime involve re-routing supply from alternative means, allocation of production to its major clients and distributors, informing and alerting suppliers to help tackle projected disruptions, and making specification quality and effective alternatives. Typically, this strategy was evident in the 2011 Tohoku tsunami and earthquake in Japan, and 2010 and 2011, Thailand floods.

Jabil’s organizational culture is top-notch. It values all its employees and strives to provide hands-on support across all levels of the company. In a quest to create a befitting welfare for its staff, Jabil provides an in-house university that helps train its staff to transit from one cadre to another. For example, employees could transfer from operator to supervisory position, from blue collar cadre to white collar, and from white collar level to managerial level. 

Additionally,  Jabil also has a policy that is geared towards delivering improved corporate social responsibility services. In fact, Jabil supports environmental and social initiative programs and all other related programs that help boost and improve human space. Similarly, Jabil also helps to improve environmental sustainability by utilizing specialized manufacturing and recycling strategies geared toward reducing environmental waste. 

Jabil Financials

Jabil’s finances are of course an intriguing case to study. The following highlighted list gives an overview of the company’s financial position.

Revenue: 29.29 billion USD

Operating Income: 1.06 billion USD

Net Income: 696 million USD

Total assets: 16.65 million USD

Total equity: 2.14 billion USD

Jabil’s Employees’ Review on Glassdoor

Pros

From all the illustrations and analysis provided above, it is quite obvious that Jabil offers a lot of benefits, that are not only limited to its staff and clients alone but also, by extension, extends to external stakeholders who are public members of society. Below are Jabil’s major pros.

Uninterrupted supply chain and logistics: As you may have seen in the above illustration, Jabil offers an unhindered supply chain and logistics to its clients, and this was evident when climate hazards befall Japan and Thailand.

Top-notch and quality services: All services provided by Jabil are of top quality and surpass the industrial standard. This may perhaps be because of the company’s stringent ambition to be the best in the market.

Experienced team of professionals: Jabil is blessed with a team of qualified individuals who are professionals in their respective fields, and as a result, their contribution to the company is held in high esteem.

Excellent service delivery: Jabil offers, fast, quick, and seamless responses to all of its services demanded by its clients.

Corporate social responsibility: In order to sustain its CSR policy, Jabil fosters environmental support by engaging in social and environmental initiative programs and helps maintain sustainability by drastically reducing waste through its strategic manufacturing services.

Career progression: Jabil’s employees enjoy improved and advancing career progression through Jabil’s educational and career policy.

A reliable supplier to major companies: Several Fortune 500 companies rely on Jabil’s services. These are companies providing essential services to society, and by extension, Jabil is helping to shape the world for the better.

Cons

No work-life balance: According to research, employees who work at Jabil have difficulty maintaining a work-life balance.

Supply strategy may overlap: Although, it was said above that Jabil has a finesse skill in avoiding supply disruption, however, these strategies may sometimes fail.

Organizational politics: Employees at Jabil also complain about its overwhelming politics which majorly embraces nepotism.

Conclusion

To wrap it all up, I believe that this piece has touched all relevant aspects of Jabil, Inc. by beginning with the historical background of the company and founders, to its operations and management overview, and thereafter, a short summary of the company’s financials was also presented, and lastly, the pros and cons were revealed. That said, I hope with all this analysis, you are able to grasp all there is to know about this astounding company, Jabil Inc., and also by extension, I hope this piece aid rationality in your choices.