Tech Data Announces Global Business Optimization Program - Quick Facts

(RTTNews) - Tech Data (TECD) announced a Global Business Optimization Program designed to create a more agile and cost-efficient organization. The GBO Program is expected to result in annual cost savings of $70 million to $80 million, of which approximately half will be reinvested to accelerate the company's strategic priorities. To achieve these cost savings, the company expects to incur one-time costs of $70 million to $80 million over the next 18 to 24 months.

Components of the GBO Program include: enhancing the company's regional go-to-market models to deliver even greater value to channel partners; digitizing processes to drive a more responsive, empowered and nimble work environment; and driving productivity improvements through increased centralization and standardization throughout the global organization.