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Back From the Brink: How Strategic Risk Management Helped a US Manufacturer Avoid Bankruptcy

— filed under: Executive eBriefing, ERM, Manufacturing

This US manufacturer couldn’t evade the financial misfortunes of the past 18 months. But NCI Building Systems, which makes engineered metal building systems, saw first-hand how strategic risk management could influence the future of the enterprise.

"Don't be well positioned for the recovery. Be positioned to accelerate."
- Norm Chambers, CEO, NCI Building Systems.

Under the leadership of CEO Norman Chambers, the steps NCI took prior to the recession to manage its risk and uncertainty ultimately gave private equity investors the confidence to provide a necessary cash infusion, saving the company from bankruptcy and positioning this American manufacturer for success in the coming recovery.

Even though the severity of the recession exceeded NCI's expectations, having gone through the process of assessing the company's risks and developing contingency plans helped the company act quickly amid a crisis.

Now, NCI's goal is not merely to survive, but to grow. With the mindset of a growth company, the company never lost sight of the upside opportunities that exist in the market ot the key initiatives that will enable the company to take advantage of these opportunities.

Speaker

Norman Chambers, Chairman, CEO and President of NCI Building Systems.

Moderated by Carl Spetzler.