Fishing Reel and Rod Manufacturer Division: Phoenix Management Services, Phoenix Capital Resources Client Our client was a family-run, $50 million Manufacturer of High-end Fishing Reels and Rods headquartered in Philadelphia, PA. Problem Overseas competitors began to encroach on the Company’s dominant market position and slowly acquired larger pieces of its market share. High manufacturing costs and price sensitivity began to chip away at profit margins. Due to a strong family loyalty toward the business, major decisions were deferred and the future of the Company came into question. Solution Phoenix Management Services analyzed operations and concluded that manufacturing costs could be controlled by consolidating manufacturing and outsourcing the production of a high percentage of compone

Join for free to read