
Published: October 2009
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In August, Chuck Furedy officially joined Socket Mobile as Sr. VP of Worldwide Sales. In this article, you can learn more about Chuck, his business philosophy, and plans for Socket Mobile. How will you ramp up sales for Socket?What are your initial short- and long-term plans?
Having been associated with the Auto ID industry for close to 35 years, I know the history of the market first-hand as well as most of the people and technology components that contributed to the expansion of the business for over 25 years. This past year’s economic climate, coupled with a few years of minimal growth in innovation and research, has left many AIDC companies' revenues well below prior years, and many are struggling to just remain flat year over year. In addition, RFID technology came to the forefront expecting to be the next big winner and replace historical barcode solutions. The technology received many of the investment dollars in the last few years yet provided little return, let alone the expected “pot of gold.”
In addition, many companies developed and delivered products and solutions that mirrored those of their competitors. With the lack of market expansion and few new vertical segments providing a broad need, a number of companies are now searching for their place and position in the market. This said, I believe we will see some consolidation in the AIDC space through the balance of this year and early 2010. With close to 60 days behind me, I have had the opportunity to meet the associates here in California as well as our sales and distributor teams in Europe. I have also had a chance to learn our product line and meet a number of our U.S.-based resellers and distributors. As a company that sells only indirect through distribution, it is imperative that we make our products and services known to the leading providers of both hospitality and healthcare solutions. The need for long term growth and channel focus sets the tone for my short-term objectives:
These initial first steps will set the stage for our growth and allow us to begin to build a market foundation that becomes more of a growth business rather than just a business that is deal by deal and not necessarily predictable quarter over quarter. What do you think are Socket's key strengths and differentiators in the marketplace?I have known the Socket team for close to 10 years and have always been impressed with their creativity and innovation while developing unique, ergonomic scanners and mobile solutions. Socket has an excellent reputation in the market and a family of products that is ready for the expanding healthcare and hospitality markets, along with specialty retail where cordless scanning and small, durable mobile computing is a growing opportunity. As we narrow our focus on those resellers that target our verticals, I am confident we will begin to develop our brand and increase our market share.
The key to success in any business is developing innovative products that meet the requirements of a focused set of end user customers. We must be laser focused on delivering world-class quality and provide both pre- and post-sales services that truly differentiate us from our competition. Making customer service part of every Socket associate's DNA is at the top of my list. What do you like to do in your spare time?Spare time is quite sparse these days since joining Socket. With two 87-year-old parents in Columbus Ohio, three grown children, a dog, and a wife of 37 years here in Atlanta, I do my best to stay in touch with their lives. With the time I have left, I try and get in a round of golf every now and then, and I am in the process of bringing my pilot’s license back to current. If you could make a guest appearance on any TV show in history, which would it be?Tough question! Guest appearance versus host is difficult. I miss the old, early evening TV shows that were produced to make you laugh and take your mind off the day-to-day events of the world. Shows in the '70s, '80s and '90s like Flip Wilson, Seinfeld, MASH, and Cheers where all good entertainment, and it would be fun to meet the creative people who produced these shows and participate in the mechanics of the production. There was one great show on in the '60s called The Millionaire. An ultra-rich benefactor would provide perfect strangers a check for $1 million tax free. If I were to make just a guest appearance I guess I would like to be on the receiving end of one of the checks or, even better, be the benefactor who had the wherewithal to hand out the $1 million. Anything else you'd like to add?
Joining Socket Mobile after 35 years in the barcode business affords me the opportunity to “do it again,” so to speak. Symbol’s founder, Jerry Swartz, had a passion to build a large multi-national company by providing the world a product that had not yet been invented. Handheld laser scanning has gone from a good idea to a product that is now mainstream. It has altered numerous markets and is a commodity in the eyes of most economists. I believe we are coming close to the end of the first round of handheld barcode reading. With the evolution of CMOS imagers/cameras along with the growth and acceptance of two-dimensional barcodes, I believe we are poised to see another significant growth spurt in this supposedly “old commodity” market. From my point of view, cordless scanning and imaging will play a sizeable role in adding value and differentiation as more and more applications come to use barcodes and even RFID as the means to accurately input a file or execute an application. |
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