De-risking Family Business/Private Company Supply Chains
Recent national surveys of manufacturers have revealed that two-thirds of manufacturing companies with revenues between $4 million and $50 million are seriously considering or actively planning to bring all or significant portions of their operations back from China. Many of those companies are family-owned enterprises. That trend started before the U.S./China trade war and has continued during the supply chain disruptions of the COVID-19 pandemic.
The argument for moving operations to China is shifting. There are now compelling reasons to de-risk the supply chain away from Chinese suppliers and to re-shore or near-shore manufacturing operations. Among them: the rise in Chinese labor costs, a more business/manufacturing-friendly regulatory climate in the U.S, and federal- and state-provided financial support and incentives to re-shore.
In this webinar, you will:
- Understand the risks associated with a global supply chain – COVID-19 lessons learned
- Learn what actions to take in order to de-risk a supply chain in light of the COVID-19 pandemic
- Hear first-hand how a fifth-generation family-owned business has reduced supply chain risk
- Understand the micro and macro-level benefits of de-risking your supply chain
Join Gary A. Plaster, Partner-in-Charge, Baker Tilly Center for Family Business Strategy; Jeffrey S. Plaster, Managing Director/CEO, WILO USA; Paul Neblock, Managing Partner, APEX Management Partners; and David Shaw, Publishing Director, Family Business Magazine, as they discuss de-risking the supply chain and how to budget for, develop and execute a plan with minimal risks and impact on your family business.
Gary A. Plaster
Partner-in-Charge, Baker Tilly Center for Family Business Strategy
Gary Plaster is an accomplished strategist, author and consultant with more than three decades of experience advising owners and C-level executives of family-owned businesses. As an experienced Chief Strategy Officer, he has led strategic consulting practices at global firms and is a nationally recognized thought leader in the area of growth strategy and managing growth. Gary is also a clinical professor at DePaul University's Kellstadt Graduate School of Business, Center for Strategy, Execution and Valuation.
Gary earned a BS in Industrial Engineering and an MBA in Finance from the University of Wisconsin.
Jeffrey S. Plaster
Managing Director/CEO, WILO USA
Jeff is the Managing Director and CEO of WILO USA, a subsidiary of WILO SE of Dortmund, Germany. WILO SE is a fifth-generation family owned business that supplies premium products/services for building services, water management, and industrial applications.
Jeff is a seasoned global supply chain and manufacturing executive. He is a highly regarded expert in de-risking supply chains and re-shoring. Prior to his role at WILO, he served as the Vice President Global Operations and Supply Chain at Pentair. Jeff also has had leadership roles at GE Healthcare and General Motors.
Jeff has a BS Industrial Engineering form the University of Wisconsin
Managing Partner, APEX Management Partners
As a Managing Partner of APEX Paul works with manufacturers to dramatically improve productivity and achieve breakthrough improvements in manufacturing technology all to improve flow and secure supply chain effectiveness.
Prior to co-founding APEX, he has served in technical leadership positions in family owned manufacturers in the Great Lakes, driving operational and supply chain improvements across multiple challenging industries. Paul has deep expertise in de-risking supply chains, lean manufacturing, re-shoring, manufacturing plant design and start-up and manufacturing strategy.
Paul earned a BS and MS in Nuclear Engineering from the University of Illinois.
Publishing Director, Family Business Magazine