Jabil CEO Tim Main Featured on CNBC’s Mad Money
As a follow-up to an earlier appearance on CNBC’s Mad Money, Tim Main answered questions about why Jabil has been able to sustain growth even during a down economy. Jabil’s stock is up 82 percent since July 2010. Jabil stock is up 37 percent since Tim was last on Mad Money in late September 2011.
One of the keys to Jabil’s success is its business diversification. Jabil’s Diversified Manufacturing sector grew by 33 percent, making up 44 percent of the business and expanding rapidly so that it will soon make up to 50 percent of the business.
Tim explains that although the global economy is sluggish, Jabil continues to grow by helping customers navigate new global markets and supply chains and by diversifying its business. Jabil protects its customers and itself through diversification.
“We help them tap into emerging growth markets. We help them develop products for those markets. We help them localize supply chains for those markets. And we help make their companies more efficient in the way they deliver those products to market, even in the developed areas of the world. So we specialize in global supply chain architecture and management. We simplify the complexity of doing business in a global marketplace. That’s where the world has gone. That’s where we are. And that’s why we can grow.” – Jabil CEO, Tim Main
Because Jabil has diversified its business strategically, it has been able to grow steadily in a down economy. In his interview on Mad Money, Tim articulated exactly how Jabil’s diversification strategy works.
“. . .we can protect ourselves and protect our investors with diversification — health care, industrial, our materials technology group, different ways to access growth around the world, different services we can offer so that if there are volatility with any particular customer or segment, then we can protect our company and our investor base from that.”
Tim’s interview on Mad Money shows how Jabil’s strategic business decisions protect investors and customers from economic and industry upheaval