The year 2020 presented plenty of challenges for wood product manufacturers and all kinds of companies. Some companies had to shut down, ramp back up and restart operations while adjusting to new rules and requirements.

The future may be uncertain, but companies do have some control over the future by planning for different scenarios.

In Michigan, the Michigan Manufacturing Technology Center-West helps companies by providing consulting services and guiding them through crises.

Their team serves Michigan companies, but they have identified some common challenges resulting from the pandemic and strategies to help companies plan ahead.

They developed a tool kit that is designed to provide scenario planning and look at how to deploy resources. A post-Covid operational planning guide provides operational reviews, workplace evaluation and risk assessment.

Managing reduced cashflow is another challenge, and the Michigan team has developed a tool that evaluates payroll, accounts receivable and accounts payable. Company managers are also encouraged to join other firms in learning best practices.

Even if you are not in the Center-West’s coverage area, you can use their guidelines to set up a plan of your own, or contact local consultants for help. This is also a good time to reach out to similar companies and share strategies for making in to a post-covid world. See https://www.rightplace.org/for-local-business/manufacturing-training

 

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