December 15, 2020

Managing Working Capital During Unpredictable Times w/ Peter Woolery

25 minutes

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 pandemic

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Previous guests include: Tom McDermott, CFO at Career Certified, Claire Bramley, CFO at Teradata, Chris Miles, Founder of Money Ripples, Ranil DeSilva, CFO & COO at CARE, Jordan Grumet, Financial Independence Expert & Host of Earn & Invest & William Washington, Global CFO at Baker McKenzie

Check out some of our most recent episodes:

Driving Value Beyond Finance with Tom McDermott
Why CFOs Are the Chief Everything Officers with Claire Bramley
Why Traditional Financial Advice Fails and What To Do Instead with Chris Miles
NGO Finance Secrets: CARE’s $900M Strategy with Ranil DeSilva
What Lights You Up? with Jordan Grumet
Become a Lean Six Sigma Master Black Belt with William Washington

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