August 2020 Manufacturing Internal Newsletter
A monthly dive into AEM’s Manufacturing segment – from cash receipts to client news and more. Questions about the segment? Reach out to Tara Torseth to get the latest details!
August 27th, 2020
By the Numbers
The Management Letter
The team tackled a lot of issues in this meeting, including association involvement, future manufacturing training topics, content development and top clients.
We are excited that Judd is back and hope that he enjoyed his break from the office. The two of us are meeting next week to discuss what we have been up to and the open items to continue to move forward.
– Tara Torseth | Interim Segment Leader
Client Chronicles
Lakeshirts/Blue 84 | 2020 Manufacturing Excellence Award honoree
Blue 84 is a wholesale supplier of custom-designed apparel and accessories located in Detroit Lakes, MN. They focus on production, artwork and design techniques for custom garments and target the resort and college markets. They became a client in 2018 from a referral source and we provide many services, including audit, financial statement prep and Due Diligence work.
Like many companies, 2020 was expected to be a banner year for Lakeshirts. Through February, they had posted 38 straight months of record monthly billings. Then came COVID-19. By May, 50% of their orders were cancelled. But Lakeshirts has been able to shift to other type of production related to combating the virus. The company’s nimbleness and durability is helping get it through these uniquely stressful times. Because of this they are a 2020 Manufacturing Excellence Award honoree from Twin Cities Business. https://abdosolutions.com/wp-content/uploads/2020/08/Lakeshirts-Blue-84.mp4
The News
A monthly newsletter is sent each month to our Manufacturing contacts regarding industry happenings, important information for their business, and more. You can read our segment’s last newsletter by clicking the button below:
The
- We have re-formatted the way we are tracking content that is going to out to clients, and worked on topic ideas for the rest of 2020. If you have ideas to share with our group please let us know.
- Discussed and assigned topic ideas for remaining 2020 bi-weekly business meetings.
- Pipeline – Reviewed current list and discussed next steps.
Meet the Team
Interested in getting involved with the Manufacturing segment? We’d love to have you! Contact Judd today to get started and join in our next segment meeting.
Judd Nordquist
Partner
Segment Leader
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Tara Torseth
Partner
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Scott Mason
Partner
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Jay Dunphy
Partner
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Doug McDonald
Partner
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Scott Danger
Partner
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Melissa Hopke
Senior Accountant
John Juntunen
Senior Accountant
Darin Styles
Senior Manager
Matt Nistler
Manager
Tyler Petzel
Manager
Laura Jans
Senior Accountant