37 min listen
Managing Working Capital During Unpredictable Times w/ Peter Woolery
FromCFO Weekly
ratings:
Length:
26 minutes
Released:
Dec 15, 2020
Format:
Podcast episode
Description
The COVID-19 pandemic has caused unprecedented levels of disruption and uncertainty for companies across all sectors and geographies. And even in the best of times, many management teams struggle to sustain good control over short term cash flows and the working capital that drives them. However, the COVID-19 crisis has been unique in its combination of challenges, making mitigation even more complex.
How are businesses dealing with the changes in supply chain, alterations and disruptions to cash flow, and ensuring that their suppliers, vendors, and customers are going to remain financially viable?
On this episode of CFO Weekly, we sit down with Peter Woolery. Peter is the Chief Financial Officer at Summit Bicycles, and began his career with the company cleaning floors, toilets, and assembling kid’s bicycles for the holidays, working his way all the way to the executive team.
Our conversion centered around:
His journey from cleaning floors to being the CFO
The ways that Summit has had to adjust to a 700% increase in online sales in 2020
Why despite all of the bicycle sales so far, bicycle company CFOs are still worrying about cash flow
The one positive thing that Peter and his team have gained out of the COVID-19 pandemicFor more interviews from the CFO Weekly podcast, check us out on Apple or Spotify or your favorite podcast player! Presented by Personiv
How are businesses dealing with the changes in supply chain, alterations and disruptions to cash flow, and ensuring that their suppliers, vendors, and customers are going to remain financially viable?
On this episode of CFO Weekly, we sit down with Peter Woolery. Peter is the Chief Financial Officer at Summit Bicycles, and began his career with the company cleaning floors, toilets, and assembling kid’s bicycles for the holidays, working his way all the way to the executive team.
Our conversion centered around:
His journey from cleaning floors to being the CFO
The ways that Summit has had to adjust to a 700% increase in online sales in 2020
Why despite all of the bicycle sales so far, bicycle company CFOs are still worrying about cash flow
The one positive thing that Peter and his team have gained out of the COVID-19 pandemicFor more interviews from the CFO Weekly podcast, check us out on Apple or Spotify or your favorite podcast player! Presented by Personiv
Released:
Dec 15, 2020
Format:
Podcast episode
Titles in the series (100)
Embrace Change, Don’t Fear It w/ Jill Barnard: A famous Greek philosopher once said, “The only constant is change.” But most of us aren’t huge fans of change. We get upset when the grocery store changes their layout, or when our favorite app gets redesigned and we have to learn our way around it all over again. As a business leader, you’ve got the unique responsibility to help your organization navigate change, and never has that been more true than during the current COVID-19 pandemic. It seems like every aspect of life is changing every second right now. So how do you embrace change? How do you set your company culture up in such a way where change isn’t feared, but viewed as an opportunity for growth and development? On this episode of the CFO Weekly podcast, we talked with Jill Barnard, CFO at Televerde about -Managing for change, -How her company went fully remote within 24 hours -Why so many companies stick their heads in the sand and wait for the challenges to pass by. by CFO Weekly