AUSTIN, TX – Recognized for its best-in-class achievement and transformational leadership to drive a new era of advanced, sustainable manufacturing, Flex (NASDAQ: FLEX) was named the 2023 Manufacturer of the Year for a large enterprise. The Manufacturing Leadership Council and National Association of Manufacturers presented Flex with the award at the recent Manufacturing Leadership Awards gala. This award is given to the company demonstrating significant scale in the deployment of digital technologies in manufacturing.

"We are honored to receive this prestigious Manufacturer of the Year award," said Hooi Tan, President of Global Operations and Supply Chain, Flex. "Our team is focused on providing our customers with advanced manufacturing services and solutions that are optimized for efficiency, flexibility and scale. The people who work in our factories in 30 countries are the ones who really deserve this recognition. It's their collective hard work that made this exceptional achievement possible."

In addition to the Manufacturer of the Year award, Flex also received two Manufacturing in 2030 awards. These awards are given to companies creating future-forward solutions that serve as innovative examples to other manufacturers. Flex's Supply Chain Joint Risk Management program and Supplier Greenhouse Gas Emissions Reduction program were both honored, and are the latest examples of the company's culture of innovation.

Flex's digital supply chain platform called Joint Risk Management (JRM) creates quantifiable visibility into potential supply chain risks for a product early in the product life cycle. Through an automated report and suggested mitigation plans, Flex is able to partner with customers to design resiliency into a product before it is manufactured.

To help accelerate sustainability beyond the company's walls and throughout the value chain, Flex committed that 50% of its preferred suppliers will set greenhouse gas (GHG) emissions reduction targets by 2025 and 100% of preferred suppliers by 2030. To support this goal, Flex launched a Supplier GHG emissions reduction program in partnership with preferred suppliers and CDP. Flex kicked off the program in 2021, inviting 500 preferred suppliers to participate, and within the first year, 60% of the preferred suppliers publicly disclosed operational emissions through CDP, 29% publicly disclosed GHG emissions reduction targets, and 7% had a renewable energy target.