SPEAKER INTERVIEW: Tom Shemanski, Rehmann
In our newest speaker interview, we spoke to Tom Shemanski, Principal, Director of CFO Services, Director of Manufacturing Services, Rehmann to gain insights into the industry.
Rehmann is a financial services and business advisory firm with a special focus on the manufacturing sector. The firm started as a CPA firm more than 80 years ago. Now, they are a multifaceted advisory firm that helps businesses and high-net-worth families. In addition to traditional assurance and tax service, Rehmann provides specialty services for R&D tax credit, PPP and ERC support, cybersecurity, and business transition support. Additionally, Rehmann offers complete back-office solutions covering transactional, CFO, HR, and IT outsourcing.
What do you think sets your company apart from your competitors?
Rehmann is better at helping clients because we take a collaborative, personalized approach and build a customized team of specialists to help them achieve their objectives. We focus on the business of business — allowing people to focus on what makes them extraordinary. Rehmann advisors bring energy, focus and integrity to every interaction — providing industry-specific insights and solutions to achieve their clients’ goals and objectives. Our focus on increasing value for our clients is driven from extensive experience within the manufacturing industry. Our ability to relate to business operators by understanding daily operations and key manufacturing processes allows us to provide leadership and strategic support.
Are there any new technology developments that your company is working on at the moment?
We are continuously looking at technology to deliver better results for our clients. We have been focusing on artificial intelligence (AI) and automation software, which will expand how we can help our clients. Advances in ERP systems have also been an area where better information and tools help clients run more efficiently.
What are the biggest challenges facing the injection molding industry today, and how can this be overcome?
Uncertainty has made it difficult for companies to map out their future direction. Having a dynamical planning process and tools to model out various scenarios is key to being nimble and proactive to handle our unpredictable environment. Hiring and retaining talent continues to be challenging. Driving employee engagement and having comprehensive employee benefit programs can differentiate a company from competitors in their labor market.
How do you see the sector developing in the next five to ten years?
There will be a renewed commitment to automation due to work force shortages. In the automotive sector, companies will need to continue to invest in EV and autonomous related technology and manufacturing processes.
You are speaking at the Injection Molding and Design Expo, what are you most looking forward to?
I am most interested in evolving technology and trends in the industry, and understanding where the industry is heading from an equipment standpoint and what level of investment will be needed to stay competitive.
Hear Tom's industry presentation: 'A recipe for success - maintain margins and keep supply chain challenges in check', at the Injection Molding and Design Expo conference.