Several team members from RubinBrown’s Manufacturing & Distribution Services Group attended the AICPA's 3rd Annual Global Manufacturing Conference on September 17 & 18 in Denver, Colorado.
Partners Jim Mather and Russ White joined several hundred manufacturing industry professionals to gain additional insights and perspectives on the global manufacturing industry. The conference confirmed many of the economic opportunities and challenges that clients are facing today within the local, national and global markets.
Several of the key takeaways from the conference included the following:
- The economy, despite recent challenges, is providing great opportunities for the manufacturing industry. Management teams must recognize that we are all now competing in a global economy which provides opportunities and challenges. Successful companies will adapt to change and develop new products/services for delivery within domestic and international markets.
- Organizations that empower their employees to become partners of an innovative culture will continue to be the driving force behind the successful resurgence of U.S. manufacturing. Technology is a key component to innovation, but the people developing, managing and implementing the technological advancements are critical to the success of any dynamic organization.
- The manufacturing industry must re-brand the opportunities for skilled and highly technical employees who replaced many lower cost manufacturing positions of the past. Too many potential candidates that qualify to fill the demands of advanced manufacturing positions do not understand the tremendous earning potential within the industry today.
- U.S. and international regulations and tax policies continue to add substantial burden to the operation and management of manufacturing businesses in domestic and foreign markets. Navigating through the many requirements can be extremely challenging, costly and require substantial additional resources. It appears this trend will continue as new markets are opening within the global economy.
In addition, the conference provided insights to recent technological advancements and challenges in manufacturing, product costing and profitability, international operations management and compliance best practices, management communication and reporting.
We appreciate the continued opportunity to service our manufacturing and distribution clients and work diligently to keep abreast of the challenges and opportunities you face in managing your business.
Please sign up for the next Manufacturing & Distribution Lean Roundtable covering cyber security risks within the manufacturing and distribution industry and supply chain. The morning sessions will be on October 27, 2015 RubinBrown's Kansas City office and October 29, 2015 at the St. Louis office.
Click below to register.
7:30 AM to 10:00 AM
10975 Grandview Drive, Building 27, Suite 600
Overland Park, Kansas 66210
7:30 AM to 10:00 AM
One North Brentwood Blvd., 11th Floor
St. Louis, Missouri 63105
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