Tag Archive: Home Depot

Inaugural LMA Futurist Award 2020: Corona Clipper

September 29th, 2020

Since our 10 year anniversary in 2015, we have been recognizing people who have contributed to our success with our LMA Advocate award. In the last few years, we have been thinking about starting a corporate award of excellence.  We wanted to make sure it was special and positioned with our most successful and proactive clients in mind. When COVID hit, it inspired the synthesis of these thoughts into our inaugural LMA Futurist award.

The LMA Futurist is to recognize the organization and leaders who go above and beyond “excellence”. Although excellence is certainly desirable, it is no longer enough. We must achieve excellence, resilience and see into the future in order to be proactive and strategic instead of reactive and playing catch up in the marketplace.  The LMA Futurist embodies these qualities, recognizing organizational leaders who think beyond current circumstances, prepare their organization for changing conditions and, of course, strive for efficiency and effectiveness in running the business. For our inaugural LMA Futurist award, I’m excited to recognize Corona Clipper and president, Steve Erickson.

Steve Erickson and the Corona Clipper team epitomize the LMA Futurist. It goes without saying that there is a constant persistence to strive for excellence – grow sales, increase profitability, accelerate cash flow, create customer engagement, lower costs and much more. And, they do not stop there. For example, early in the e-commerce world, Steve and the team were exploring options to expand their business and grow in this area. They took tangible, parallel tangible steps forward with research and explored options to grow Corona.com, as well as their business with Amazon, Home Depot and others. When COVID-19 hit, they were prepared to pivot with e-commerce.

In addition, they constantly reevaluate supply options in Asia, Mexico and other countries. So when the tariffs hit, they were already in transition in moving some volume to Vietnam. Thinking strategically never stops. How to successfully achieve customer responsiveness in product innovation and customer service while managing costs remains top of mind. I’m thrilled to recognize Corona Clipper and Steve Erickson with the LMA Futurist.

One Tip to Implement This Week:
Follow the lead of Corona Clipper. Here are a few insights into their success:

  1. Think multiple chess moves ahead of the competition: Easier said than done.  Yet, with education, examples, trials, practice and persistence, it is achievable.
  2. Innovate, innovate, innovate: The most successful organizations and leaders post-COVID will be those that innovate.
  3. Collaborate with the best: Surround yourself with experts and expertise.
  4. Remember that people are your #1 asset: We follow and prefer to do business with people, not companies. Your employees, customers, suppliers, trusted advisors….
  5. Stay current: Don’t follow fads.  Understand trends, capabilities, options and opportunities.

Consider these strategies if you are interested in achieving profitable growth and making an impact. Read more about these types of ideas to navigate and successfully emerge post COVID-19 in my free eBook Future-Proofing Manufacturing & Supply Chain Post COVID-19. Please send your feedback and stories. I will incorporate them into an upcoming article, video or interview.

Stay safe & healthy.



Are You Thinking About Cyber Security?

May 16th, 2017
security threats

Are you developing strategies to address cyber security concerns? If you aren’t thinking about the relevance and risk, you should pay attention.

Cyber security has taken over the news and trade magazines lately as risk levels are elevated and cyber crime is a real threat. Are you developing strategies to address cyber security concerns? It is no laughing matter as you listen to what could happen….

Tonight, we attended a ProVisors (group of trusted advisers) cocktail reception. In two hours, we ran into multiple people who talked about the relevance and risk associated with cyber security. If you aren’t thinking about these questions, you should sit up and pay attention:

  1. Does your company have the appropriate security and protocols in place to fend off hackers? If each of us thinks we aren’t important enough for a hacker, someone will be surprised.
  1. Have you thought about your supply chain partners and cyber crime? It can be a vast topic. Although the risk might be low, the impact can be high. Just ask folks like Target and Home Depot.
  1. Have you thought about cyber security and your manufacturing machines like CNC machines and manufacturing execution systems? Suddenly the topic got a lot bigger!
  1. How about the internet of things? Have you thought about how to prevent cyber crime from non-work devices that can connect with work-related devices?
  1. Do you have cyber security insurance?

 

Did you like this article? Continue reading on how to become a Systems Pragmatist:

What’s Important in Technology?

Why Care About Supply Chain Risk?

 



Home Depot Data Breach: Are You Prepared?

September 22nd, 2014

supply chainHome Depot has been in the news lately about the recent data breach.  It turns out that it is FAR bigger than Target’s data breach. 56 million cards might be affected. This is the latest in a series of big retailers woes with data security. How prepared are your systems to fight off a data breach? What would you do if faced with a Home Depot data breach?

Security is often overlooked when thinking about supply chain management; however, it shouldn’t be! There are countless options for security issues throughout today’s complex supply chains, let alone the popularity of e-commerce. Do not overreact and make your supply chain inflexible; however, it is worth taking the time to consider your strategy.

One tip to implement this week: Take a few minutes out to get your key team members together to think about data security – and the topic of security in general. Where are your most likely vulnerabilities? Focus in on your top 3 potential issues to ensure they are secure and/or make them secure. Remember your supply chain partners.  If your partners have vulnerabilities, it won’t matter who caused the issue if it affects your customers.

Looking for more ideas to keep your supply chain connected? Access more tips and resources on my blog. And keep connected by subscribing to my newsletter and email feed of “I’ve Been Thinking…”