As 2022 comes to a close, one description best summarizes the work of the Digi team … Athletic Resilience. Before you send me a shrugging emoji, let me explain.
The challenges that 2022 delivered were multifold. But as you’ll see, our global teams stepped up, navigated those challenges with the agility of a startup enterprise and drove positive change. We continually innovated, repositioned ourselves, and maintained open communications with customers, suppliers and our channel teams. Throughout it all, our flexible, amazing staff prevailed over those challenges, helping us to achieve some remarkable, record-breaking results. Read on to see how the year played out, and why we love the hashtag #OneDigi.
The year 2022 was supposed to be the end of the pandemic and the return to normal. Instead, on the heels of the pandemic’s worst days, the supply chain constraints became epic and peaked about mid-year. The challenges involved in finding scarce parts, keeping in close contact with key OEMs to manage allocation — not to mention gyrating freight and duty costs, and continued COVID safety precautions — required all hands on deck.
The war in Ukraine added other challenges to the already stretched supply chain. Rising energy costs, pressure on agriculture and precious material costs, as well as restrictions and enhanced import/export screening helped contribute to modern inflation records.
Inflationary conditions prompted central banks around the world to raise interest rates to help moderate demand and weaken the grip of rising prices. In what could be the most widely anticipated potential recession, economists and companies noted the impact on world economies and buying patterns. Many companies have announced cutbacks as forecasts anticipate slower growth ahead.
The shift to hybrid work (remote and in-office) has come to feel more permanent. Flexibility in work has saved money, increased productivity, and helped to balance personal and professional goals. We have seen both ends of the spectrum, with companies going fully virtual and some demanding days in the office.
Lastly, cybersecurity threats have become a focal point for many businesses. Pushed by their consumers, suppliers, and insurance companies, many companies are conducting and issuing security audits. Digi diligently supported these increased requirements with our integrated Digi TrustFence® security framework, our dedicated security staff, and continual enhancements to Digi Remote Manager® — our secure platform for configuring, monitoring and managing devices from anywhere.
These incredible challenges evolved over the course of one year. And Digi has risen to the occasion with Athletic Resiliency.
Digi has moved quickly, and with adaptable solutions. Our teams have been tireless in managing and adapting to change in response to the rolling waves of challenges impacting the global economy and the electronics industry.
Resilience is best summarized by innovation, agility, and raw determination to overcome serious obstacles and challenges. Digi showed remarkable resiliency, in the face of the unique and impactful challenges described earlier.
To foster and enable that resiliency, we use a multi-faceted approach with some key initiatives:
Our Athleticism combined with Resilience helped us to produce record results.
Announcements across our global organization in 2022 included new offerings, expanded product lines, and new alliances. Here are some of the key achievements by business unit:
Additional announcements and milestones for the year included a range of awards and recognitions.
We believe our company is part of the broader communities in which we operate. In turn we have a a sense of both corporate and personal responsibility to be a part of the greater good.
Athletic Resiliency propelled Digi to new heights in 2022! We are excited about our thrilling momentum and look forward to achieving more together in 2023!
We extend a heartfelt thank you to our partners, suppliers, customers and team members, who live and breathe our #OneDigi motto!
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