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The Manufacturing Outlook
Kyle Stemple, CPA
 New Philadelphia Office
 kyle.stemple@reacpa.com
Ben Froese, CPA
 New Philadelphia Office
 ben.froese@reacpa.com
Agenda:
Employees – What to consider?
Business Growth & Profitability in the middle of the
pandemic
Recession Readiness – Start the conversation now
Current Economic Environment
Employees
Acquiring / Targeting Talent
Coaching People Out
Utilization of the Predictive Index
 Strongest Behaviors
 Summary
 Management Style
 Management Strategies
 Personal Development Charts
Employees: Predictive Index - Sample
Employees: Predictive Index – Sample (cont.)
Employees: Predictive Index – Sample (cont.)
Employees: Predictive Index – Sample (cont.)
Growth and Profitability During the Pandemic
Product Lines
 Understanding where you make money
 Adding Product Lines
 Removing non-profitable product lines
Competitors
 Acquiring competitors
 Acquiring equipment from competitors
Growth and Profitability During the Pandemic
Diversification
 Supply chain strength / diversity
 Diversifying upstream / downstream
 Diversifying into a new industry
Recession Readiness
Recession Readiness Plan
 Identify Goals and Objectives
 Identify and Document Action Steps
• Rank / prioritize the action steps
• Assign estimated cost savings
• Assign responsible individuals
 Monitor and Review
Recession Readiness (cont.)
Overall Goals of the Plan
 Stabilize Business
 Keep Employees
 Manage cash and cash flow
 Retain customers
 Manage Inventory and Supply Chain
 Minimize Liabilities
Current Economic Conditions
Following slides were from a presentation by Dr. Chad
Moutray from the National Association of Manufacturers
Questions?
Ben Froese, CPA
Principal
New Philadelphia, OH
 ben.froese@reacpa.com
Kyle Stemple
CPA, CGMA, CEPA
Regional President, East Central Ohio
New Philadelphia, OH
 kyle.stemple@reacpa.com
Thank You To Our Sponsors!

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