Shockwatch Names New CFO
ShockWatch has appointed Robert Hutson as its new Chief Financial Officer. He recently served as Interim CFO for the company.
Posted on August 17th, 2015 in Announcement
ShockWatch, a provider of impact, temperature and tilt recorders, sensors and indicators, has appointed Robert Hutson as its new Chief Financial Officer. He recently served as Interim CFO for the company.
“Robert’s values, controllership, attention to detail, and due diligence expertise are key enablers for the exciting future of ShockWatch,” said ShockWatch Chief Executive Officer Tony Fonk. Robert has over 20 years of finance experience including 10 years as the Executive Vice Presiden...
“Robert’s values, controllership, attention to detail, and due diligence expertise are key enablers for the exciting future of ShockWatch,” said ShockWatch Chief Executive Officer Tony Fonk.
Robert has over 20 years of finance experience including 10 years as the Executive Vice President and CFO of the Dallas Stars NHL franchise. He most recently comes to ShockWatch from Six Pillars Partners where he served as fractional CFO for multiple Six Pillars Partners-related companies. As a financial consultant, Robert has advised and conducted due diligence for over 10 acquisitions and served as a consultant to the management of the Texas Rangers Baseball Club. Robert received his Bachelors of Business Administration and a Master of Science in Accounting from Harding University.
“I am excited to work with ShockWatch’s new CEO Tony Fonk and the excellent management team we have in place,” said Hutson. “ShockWatch is a global leader in damage prevention and asset monitoring and the associates at ShockWatch make it a great place to work.”
Published by ShockWatch on 17 Sep 2015
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Assessing the Total Cost of Damage
Compartmentalization is one of the biggest hurdles to saving money and increasing efficiency throughout an organization. There’s a naïve belief in organizations that if each department operates efficiently, the overall organization will be efficient too. While this is true to a degree, it overlooks the ways decisions in one business unit affect outcomes in another.
Developing a Risk Management Program
Multiple types of monitoring devices are available to ensure shippers have the data they need at a price they can afford. For example, electronic data loggers monitor a range of impact thresholds, the direction and duration of impacts, and their G-force, along with the event’s GPS coordinates and time of occurrence. Some options record thousands of shipments and can generate trend reports that span months to years.
Supply Chain Conditions May Damage Even Rugged Consumer Electronics
A cell phone, dropped from ear height, can experience an impact of up to 1,000 Gs. Even though that phone, like other consumer electronics, is designed to withstand a certain level of impact, it still can be damaged. During shipping, even though devices such as cell phones, laptops, televisions, headphones, video game controllers, etc. are protectively packaged, they are still at risk from supply chain mishaps. The damage from these events may go unnoticed, however, unless a package shows visible signs of damage – a crushed corner, for example.
Minimizing Unsalable Product
For the customer, receiving goods with dings, dents or temperature issues may indicate serious problems in the supplier’s logistics organization. Even when there is no actual product damage, the appearance of damaged packaging makes buyers question the reliability of the product and the commitment of the manufacturer to develop and deliver products that meet agreed-upon standards.