Topic: 2023 Supply Chain Challenges and Options for Managing High Inventories
 

Speakers: Paul Stepanek, President, Complete Manufacturing and Distribution, and Brent Terhaar, Principal, Manufacturing & Distribution, CliftonLarsonAllen (CLA) 

Presentation:

Overview:
Over the past 12 months, supply chain challenges have just kept coming…and coming. In an unpredictable environment—concerns about scarce materials, rising prices, factory shutdowns, long transport times, and more—have led many to ignore the forecast (and keep ordering) to keep customer service levels high. As we head into 2023 and demand levels ‘normalize,’ many companies now have too much piling up. High inventories tie up floorspace, constrain cash flow, raise costs of capital—all of which limit business growth. 

Objectives:
In this session, you’ll be updated on the latest global supply chain challenges and gain insights for 2023 strategic planning – including ways to get inventories under control. 

Key Takeaways:
· The latest supply chain challenges and key inputs for 2023 strategic planning 
· Six options for managing high inventories 
· Examples of how two companies got inventory under control 

Speakers' bios:

Paul Stepanek:
Having lived in, learned, and worked in Asia for three decades, Paul Stepanek is among the world’s experts on Asian business strategy. Paul is the founder and president of Complete Manufacturing and Distribution, a company that helps leaders worldwide accelerate results with Asia initiatives. A frequent speaker at international conferences and media contributor, Paul is passionate about helping leaders around the world craft a vision, reduce time to market, execute with agility, and drive business performance. CMD’s client portfolio spans startups to global multi-national companies. Areas of expertise include: market strategy, due diligence, sourcing, manufacturing, logistics, quality management, facility construction, business process outsourcing, continuous improvement, eCommerce, and more. 

Brent Terhaar
Brent is a Principal in the Minneapolis office for CliftonLarsonAllen focusing on the Manufacturing and Distribution industry. Brent has over 20 years of experience serving the owners of privately held businesses in the manufacturing, distribution, construction, and service industries. 

Brent's experience includes providing assurance and tax services, wealth advisement, assisting companies in support of transactions - both on a buy-side and sell-side basis, owner succession planning, preparation of financial projections and forecasts, developing internal audit plans, instituting performance measurement frameworks, and analyzing and developing internal control structures, among others. Brent has served clients ranging in size from $1 million to over $1 billion in annual revenues.