Jim Kavanaugh: 10 Big Cisco, Supply Chain And M&A Bets
From partnering with Cisco and boosting World Wide Technology's supply chain to acquisitions and hiring, here are CEO Jim Kavanaugh's 10 big bets for 2022.
by Mark Haranas, CRN
World Wide Technology's Jim Kavanaugh is betting big on Cisco's software strategy, boosting WWT's supply chain and hiring "at least" 1,000 new employees in 2022, with potentially some "boutique" acquisitions ahead.
With chip shortages and supply chain constraints rocking the IT industry, Kavanaugh is doubling down on growing WWT's supply chain footprint and data center capabilities to meet customers' growing IT demands.
"Our supply chain area has continued to grow in a significant way. I'd say in the last 18 months, we've added almost 2 million square feet of incremental space in our logistics and supply chain area," said Kavanaugh.
The $13.4 billion digital transformation superstar is also betting big in 2022 on Cisco's software and Software-as-a-Service (SaaS) future. "Sometimes people from the outside may not recognize that, but [Cisco is] absolutely moving more towards being a software and SaaS company," said Kavanaugh, who co-founded WWT in 1990.
Jim Kavanaugh is a legendary channel CEO who has transformed WWT through multiple acquisitions over the past three decades, making the St. Louis-based solution provider one of the largest across the globe.