AlixPartners’ Post

Equipment Depot makes changes as it targets $1 billion in revenue by 2025   Equipment Depot announces it’s on track to meet its financial growth goal to reach $1 billion in revenue within five years. In 2020, Equipment Depot’s leadership team created its ‘2025 Vision Strategy,’ which included investment in strategic hires, expansion into key U.S. material handling markets, employee advancement training, and the creation of two new divisions; EQSOLUTIONS and Heavy Trucks & Port Equipment. As the company prepared for growth, Anthony Garcia, former regional vice president of the company’s South Region, was appointed president, succeeding David O. Turner, president and CEO. Garcia comes to the role from Mammoet Americas, where he served as regional vice president. Jonathan Hesener advanced from vice president of sales and customer experience to chief sales officer, and Hugh Parry rose from vice president of operations to chief operating officer. Both individuals are recognized for their military leadership experience and involvement in General Electric’s Leadership Program for former military officers. “Equipment Depot is on an incredible trajectory,” Hesener notes. “I’m pleased to be part of the pendulum shift at the company and within the material handling industry.” Parry adds, “Equipment Depot has the right ‘playbook’ to hit our billion-dollar revenue target. For instance, our partnership with Mitsubishi Logisnext allows direct access to the manufacturing plant for Cat Lift Trucks, Mitsubishi, Jungheinrich, and UniCarriers Forklifts, providing an incredible benefit and relief to customers facing equipment supply chain challenges. “Additionally, we have secured strategic OEM partners in the port and heavy equipment industry, and are introducing new technologies, such as robotics and automation, which are making a quantum leap in the material handling industry.” Clint McNair was tapped as the company’s new chief financial officer. McNair has 22 years at Deloitte and experience in the private equity sector — and is recognized for his strategic thinking and fresh perspective on aligning finance and operations. log on https://equipmenttimes.in/  Ramamurthy Mayavan Philip Varghese #constructionequipment #equipment #constructionmachinery #infrastructure #infrastructurenews #heavyequipment #constructionindustry #portindustry #truckindustry

Did you know that when Dave Calhoun took over as CEO in January 2020, Boeing’s stock was priced at around $330 a share and its now around S190 a share. Yet his exit package is close to $70 million ++ Did you also know what is "Glass Cliff" The term "glass cliff" refers to a situation in which women are promoted to higher positions during times of crisis or duress, or during a recession when the chance of failure is more likely. Put simply, women in these situations are set up for failure. This very interesting article attributes the appointment of Stephanie Pope to head the Commercial Division of Boeing as an outcome of signalling a change in the time of crises.... I however believe that for Boeing - a large part of the change is to work towards a culture of safety first, customer first and taking a longer term view of profits - and this appointment may well bring that much needed cultural change This could be the time to buy the beaten down Boeing stock 😉 Link to articles in the comments.. 👉Contact @alcottglobal if you need to #Recruit and #Hire Top Executives in #valuechain, #technology & #logistics space to #ignite or #transform your #company!   👉Be at the forefront of #supplychaintech trends, to drive change in supply chain & logistics with #Supplify

Bill Saporito’s article on the challenges facing Boeing speaks to a broader corporate issue that place profits over people. That may be a short term win for corporate earnings and stockholders but it’s a long term disaster for the company. Think of winning the battle but losing the war idea. Too often employees don’t feel valued. They work long hours and sometimes in poor or unsafe conditions. They feel more judged than supported and watch out if they make suggestions that are rightly critical of the company. This all leads to a lack of enthusiasm and engagement that come with feeling involved, valued, and supported. Why wasn’t safety prioritized at Boeing whose very business demands it? Why were so many parts in the manufacturing process outsourced deminishing quality control? The answer is sadly transparent- profits. Now we all have to worry about boarding a plane made by Boeing because safety wasn’t prioritized. This is a lesson the entire transportation industry should learn. “Corporations can choose to push back against the Wall Street-driven notion that safety equals cost and thus lower profits. In the late 1980s and ’90s, the aluminum giant Alcoa, under its chief executive Paul O’Neill, made safety the top priority, demonstrating that a culture built around safety can actually be efficient, because accidents and defects decrease when employees know the company cares about their well-being.” https://lnkd.in/gDgUBKYn

Got advice for Boeing’s board of directors on how to fix their broken safety culture? The former Chief Technology Officer of Airbus, Paul Eremenko, does. In a Fortune commentary piece, he says the Boeing board needs to do this: 1.      Hire an airplane geek, not a bean counter, as the next CEO; 2.      Make all employees shareholders; and 3.      Commit to bold innovation (a moonshot even). In short: DON’T place shareholder value above the company’s mission. DO bring in leaders who are focused on the heart of the business (building safe planes, for example). DO give employees a stake and reasons to care. DO create a shared purpose of doing something important together. Boeing has become a case study on what can go wrong when shareholder value drives stakeholder value out of the board room. Boards of directors of high hazard companies, take heart. Add safety to the agenda. Bring in outside experts to periodically audit your company’s safety performance and have them report their findings directly to you. Listen up for lip service from management. Don’t stop asking about safety and the impacts of your business on consumers, employees, and the public. The Fortune article is linked in the comments below.  #boeing #safety #boardofdirectors

🔗 The aerospace sector is experiencing an unprecedented surge in demand, fueling the need for robust supply chain partnerships. As we navigate the complexities of the modern world, our success relies on the strength of our collaborations, and that's where you come in! 🌟 At Rapid Supply Chain Solutions, we are passionate about propelling the aerospace industry forward. Whether you specialize in materials sourcing, manufacturing, logistics, or technology, we invite you to be part of our dynamic supply chain network. ✨ By joining forces with us, you'll gain access to a vast network of global opportunities, working hand-in-hand with top-tier aerospace companies. Together, we'll revolutionize the way we deliver exceptional products and services to our clients, while driving sustainable growth and fostering innovation at every step. 🔬 In this era of rapid technological advancements, we understand the importance of staying ahead of the curve. That's why we're committed to nurturing a culture of continuous improvement and embracing emerging technologies. 🤝 Collaboration and transparency lie at the heart of our supply chain philosophy. We firmly believe that open communication, trust, and shared goals are the keys to success. Together, we'll forge strong relationships that withstand the test of time, working hand-in-hand to overcome challenges and unlock new opportunities. #AerospaceIndustry #SupplyChainPartnership #InnovationInFlight #CollaborationAtItsBest Amrit Soni Sakal Jain

Mastering the Art of Logistics at UNIS. We understand that true expertise in logistics goes beyond mere tactics. It's about strategic thinking, advanced planning, and seamless execution. Our team's commitment to excellence in logistics is what sets us apart, ensuring that every solution we provide is not just effective but also innovative. At UNIS, we redefine logistics with our forward-thinking approach, turning challenges into opportunities for growth and success for our clients. We are more than just a logistics company; we are strategic partners committed to elevating your business operations. Embrace the strategic edge with UNIS Logistics. Together, let’s turn logistics into a powerful tool for your business success. #UNIS #ExpertLogistics #StrategicEdge #UNISLeadership #LogisticsMastery #OperationalExcellence #UNISProgress

Heard on the Street: Boeing buying a supplier it spun off in 2005 exemplifies a realization dawning on corporate America: Outsourcing isn’t all it was once cracked up to be, writes @jonsindreu The deal’s logic of vertical reintegration makes sense in light of recent history, with air-travel safety likely benefiting from centralized supervision and a simpler workflow between plants. Yet it is also an indictment of what executives in most industries have been doing for almost three decades. Reintegration is a strategic opportunity for HR leaders.

The Boeing scenario marks a pivotal moment where customers redefined their role from passive recipients to active shapers of corporate governance. This pivotal shift isn’t merely about a leadership change at Boeing; it's a profound reflection on the power of collective customer voice in demanding accountability and safety as non-negotiable standards. A notable aspect of this saga is however, the underutilisation and inadequate monitoring of Boeing's complaints mechanism. Had this system been leveraged more effectively, it "may" have provided an early warning and potentially averted the safety oversights. This incident underscores the essential role of whistleblowing in corporate accountability, highlighting a missed opportunity for preemptive action based on internal insights. P.S. Stay tuned for my next post, where we'll explore this topic with a few more insights!

The recent Boeing scandal serves as a potent reminder of the impact of leadership failures on brand reputation and organizational change. The resignations of the CEO, Chief of the Commercial Airplane Division, and Board Chairman, amid a quality control scandal highlight the importance of leadership accountability in times of crisis. Swift decisions to step down can signal a firm's commitment to rectifying its course and restoring stakeholder trust. The incident also reveals the fragile nature of brand reputation, which can be quickly undermined by perceived negligence or profit prioritization over safety. Boeing's efforts to shift towards an "engineering-first" culture and its strategic crisis management illustrate the intricate process of reputation management. Rebuilding a tarnished brand requires a lot, including sustained actions to demonstrate a genuine change in priorities towards safety, quality, and integrity, beyond mere leadership changes. Will these efforts aim to rebuild confidence among employees, customers, partners, and investors? Time will tell but the lesson here is clear: leadership accountability is critical in times of crisis, and rebuilding a damaged reputation requires a sustained commitment to change. #Boeing #CrisisManagementInsights #ExecutiveStrategy #Leadership Source: https://lnkd.in/gasaeSUT

With the automotive sector witnessing a time of unprecedented change, A&M is delighted to announce the release of our second automotive M&A report - utilizing the most current data and reporting from year-end 2023. 𝗞𝗲𝘆 𝗙𝗶𝗻𝗱𝗶𝗻𝗴𝘀 𝗜𝗻𝗰𝗹𝘂𝗱𝗲: - M&A activity increased in the second half of 2023 compared to the first half. Improving quarterly trends in Q3-23 and Q4-23 are tentatively positive signs after the dip observed in Q2-23. - Transactions valued over $50 million represented approximately 21% of transactions disclosed in the second half of 2023. - Strategic buyers accounted for approximately 63% of announced transactions compared to 37% for financial buyers. #Amon #Automotive #MergersAndAcquisitons #Cars https://okt.to/SqATcO