Insights: Construction Materials Turnaround
Construction Materials Turnaround SiteConstruction materials factory | 250-person company specializing in fabrication of decorative stone, with Jiangsu-based factory, remote warehouses in 4 Chinese cities and sales offices in 12 Chinese cities. Duration3 years | April 2012 – February 2015. BackgroundAfter a period of disappointing results and on the backdrop of poor accountability, the owners (a […]
Insights: Furniture Manufacturer Straining Under Rapid Growth
Furniture Manufacturer Straining Under Rapid Growth Project:Interim financial management | interim CFO, internal review team and information systems advisory. Site:Furniture factory | 300-person factory in Shanghai for children’s furniture, selling domestically and for export. Duration:5 months | May – September 2016, plus follow-up visits. Background:Urgent need for upgrade of business processes to support continued growth […]
Insights: Rules are Dead, People are Alive, This is very Simple.
Rules are dead, people are alive, this is very simple. Jenny YipProject Manager – ECFO Services LTD In 2014, a Shanghai TV reporter conducted a two-month-long undercover investigation into OSI Group’s Shanghai meat processing plant. The reporter exposed gross violations of hygiene standards on the meat packing lines that were primarily caused by the workers […]
Insights: Getting Your Business Back on Track – COVID-19 edition
Getting Your Business Back on Track – COVID-19 edition Jenny Yip Project Manager – ECFO Services LTD This article is part III in ECFO’s multi-part crisis planning series. Parts I and II focused on scenario framing (“Modeling to Plan through a Crisis“) and assumptions for scenario analysis (“7 Tips for Defining Scenarios During a Crisis“), […]
Insights: 7 Tips for Defining Scenarios During a Crisis: Covid-19 edition
7 Tips for Defining Scenarios During a Crisis: Covid-19 edition Jenny YipProject Manager – ECFO Services LTD This article is part II in ECFO’s Covid-19 crisis planning series. Our last article, “Modeling to Plan Through a Crisis: The Covid-19 edition”, stressed the importance of using modeling as a tool for crisis planning. Particularly we covered […]
Insights: Modeling to Plan Through a Crisis: The Covid-19 edition
Modeling to Plan Through a Crisis: The Covid-19 edition Jenny YipProject Manager – ECFO Services LTD The current coronavirus outbreak has generated a massive impact on the world’s economy, and many companies are facing significant challenges, such as a decrease in demand, supply chain disruptions, and workforce shortages. The measures that companies take to mitigate […]
Insights: Three Common Pitfalls Killing Your China Business
Three Common Pitfalls Killing Your Business in China By Tim LambDirector at ECFO Financial controls and standard operating procedures are mission-critical for scalable businesses. While getting employee buy-in is often the difference between success or failure with any new system, China offers its own hurdles to the mix. Here are three typical mistakes you should […]