2019 CFO Thoughts


In 2019, what challenges will CFOs in your industry encounter and what important focus will drive CFOs’ ability to succeed on their companies’ behalf?

Entering 2019, manufacturing and distribution (M&D) CFO’s have eyes focused outside their company’s four walls like never before. Three external influences in particular are driving attention and planning from M&D leadership:

1. Tariffs and trade – What actions should the company be taking to mitigate risk, diversify the supply chain and manage the impact on margin for what could be a two or six year problem, depending on the election cycle?

2. Data security – Is the organization adequately defended against cyber-security threats, phishing and malware? Is critical data secured in ways that are compliant with regulations such as GDPR and California’s Consumer Privacy Act?

3. Recession – What’s the potential for this to hit the industry, knowing that M&D often feels the impact of a recession six months before the rest of the economy does?

– Doug Schrock, Managing Principal, Crowe LLP Manufacturing and Distribution Services

Copyright 2017