citrincooperman.com
MANUFACTURING & DISTRIBUTION
Embracing Change The past several years presented nuanced challenges amidst continual market volatility, leaving a lasting impact on what was once “business as usual.”
TECHNOLOGY CONTINUES TO DOMINATE THE M&D LANDSCAPE
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Companies are now breaking down data silos to create a single source of truth that is accessible across their organizations. Greater visibility into customer, operations, and external market trends translates to better decision making in an environment of constrained growth and declining customer purchasing power.
WORKING CAPITAL CONSTRAINTS Operating in an environment of increased interest rates and inflation is creating new challenges for many CEOs. In 2024, companies are extremely focused on improving cash conversion cycles and managing working capital needs.
We are entering a period where business leaders can take a collective deep breath and assess where they stand in anticipation of continued turbulence. The first quarter of 2024 offers an important moment for businesses to refocus, reevaluate, and create effective plans to achieve their strategic vision in the current market.
In today’s turbulent environment, leaders may be tempted to stick with the approaches that have worked for them in the past – regardless of whether they still fit the purpose – rather than rethinking and changing the way they lead. Our team’s professionals are here to provide innovative, actionable solutions to today’s most pressing issues. In 2024, Citrin Cooperman will be delivering timely industry insights, including our Manufacturing and Distribution Pulse Survey Report, to help your business effectively address the changes ahead.
John Giordano | Partner and Co-Leader Manufacturing and Distribution Industry Practice jgiordano@citrincooperman.com
CAPABILITY GAPS The skills needed to drive growth and value are changing, and M&D companies everywhere are looking to fill capability gaps. Many companies are lagging behind in their core activities, often as a result of insufficient resources or inconsistent commitment to capability building. Outsourcing can provide an effective means to address certain functions and gaps both for the short-term and long-term.
Mark Henry | Partner and Co-Leader Manufacturing and Distribution Industry Practice mhenry@citrincooperman.com
"Citrin Cooperman" is the brand under which Citrin Cooperman & Company, LLP, a licensed independent CPA firm, and Citrin Cooperman Advisors LLC serve clients’ business needs. The two firms operate as separate legal entities in an alternative practice structure. The entities of Citrin Cooperman & Company, LLP and Citrin Cooperman Advisors LLC are independent member firms of the Moore North America, Inc. (MNA) Association, which is itself a regional member of Moore Global Network Limited (MGNL). All the firms associated with MNA are independently owned and managed entities. Their membership in, or association with, MNA should not be construed as constituting or implying any partnership between them.