September 22, 2010
Multnomah Athletic Club, Grand Ballroom
2010 Manufacturing and Wholesale Distribution National Survey Results will be available mid-summer and will be discussed at the 2010 TKW Manufacturing Conference by Tom Murphy, National Association of Manufacturers Board Member, Executive VP of Manufacturing and Wholesale Distribution for the McGladrey Alliance.
2010 Manufacturing Conference Documents:
Second Annual Manufacturing Conference
Wednesday, September 22, 2010, Talbot Korvola & Warwick, LLP hosted their Second Annual Manufacturing Conference, co-hosted by Key Bank. Manufacturers from across Oregon and Southwest Washington were invited to attend this year's event, which featured topics relevant to manufacturers in the Northwest.
Keynote speaker Tom Murphy, Executive Vice President of Manufacturing and Wholesale Distribution for the McGladrey Alliance, presented the results of the 2010 Manufacturing and Wholesale Distribution National Survey. This year's survey compiled the responses from 1,016 companies, a majority of which were small to mid-size manufacturers from across the United States. They were asked to respond to questions regarding their company's business prospects, forecast for growth, and their opinions on enacted and upcoming laws and legislation. The survey results showed an optimism from respondents, many of whom believe that their companies will grow throughout 2010 and 2011.
Talbot Korvola & Warwick, LLP Tax partner Jason Orme and Assurance Partner Tim Gillette presented updates of tax and accounting matters. The tax update covered recently enacted and proposed legislation that will affect manufacturers. The financial accounting update previewed the IFRS conversion and the impacts it will have on privately held companies.
Joseph Soroka, a foreign currency trader with Key Bank's International & Foreign Exchange Banking Division, covered international terms of payment and foreign currency exposure risk. He identified risks manufacturers may encounter when they either import or export. He then discussed ways to mitigate these foreign currency risks.
Peter Zwingli from ACME Business Consulting, LLC discussed Business Continuity Management. His presentation invited the manufacturers to reflect upon ways to mitigate the effects of a disruptive event on current operations. Preparation of a mitigation plan helps reduce the idle time spent recovering and increases the likelihood that a business will return to normal operations quickly.
For more information regarding the conference and manufacturing inquiries, please email manufacturing@tkw.com.