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<!--XBRL document created with Toppan Merrill Bridge  11.2.0.5 -->
<!--Based on XBRL 2.1-->
<!--Created on: 3/30/2026 12:28:03 PM-->
<!--Modified on: 3/30/2026 12:28:03 PM-->
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    <loc xlink:type="locator" xlink:href="arw-20260512.xsd#arw_WilliamF.AustenMember" xlink:label="arw_WilliamF.AustenMember" xmlns="http://www.xbrl.org/2003/linkbase" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arw_WilliamF.AustenMember" xlink:to="arw_WilliamF.AustenMember_lbl" xmlns="http://www.xbrl.org/2003/linkbase" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arw_MichaelJ.LongMember_lbl" xml:lang="en-US" xmlns="http://www.xbrl.org/2003/linkbase">It represents the information pertaining to the second PEO Michael J. Long.</label>
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