NES Rentals' CEO Studdert Shares Business Survival Tips | Construction News

NES Rentals' CEO Studdert Shares Business Survival Tips | Construction News
NES Rentals' CEO Studdert Shares Business Survival Tips | Construction News

Andy Studdert, chairman and CEO of NES Rentals, Chicago, Ill., and deputy president of IPAF, had the full attention of a 100-person audience at the recent IPAF ElevAÇÃO conference in São Paulo, Brazil, as he gave access companies valuable insights into safety, creating value, and preparing for a downturn.

Drawing on his extensive experience in the airline sector when he was COO of United Airlines and led the company through the 9/11 crisis, Studdert said that the most critical lessons for the access industry were to have repeatable processes, a culture of intervention, and crisis preparation.

“The process of loading, fueling, checking, and flying a plane (or operating an aerial work platform) must be repeatable,” he said. “You have routines to become better at the task and refine the process. Having a repeatable process in any business, but especially aerials, allows you to improve safety. You need everyone to intervene when it comes to safety. Checklists are essential, but the people holding the checklist make the difference.”

Studdert went on to illustrate how repeatable processes, safety/intervention culture, and crisis preparation can help build a profitable and safe company.

He said that those three aspects of business, together with pricing, sales technology, talent selection/retention, and people practices are part of the levers that companies can use to improve efficiency in the short term and improve organizational capacity in the longer term, in order to create value for stakeholders.

In a downturn, the quickest will survive, and companies must be able to make difficult decisions early and cut costs before the “death spiral” sets in, advised Studdert. “Revisit your practices to ensure you have done everything to be safe.” 

The IPAF ElevAÇÃO conference was part of a two-day event that involved close to 150 attendees and included a meeting of IPAF members in Brazil, a professional development seminar for instructors, an exhibition and various workshops.

Presentations from the conference (mostly in Portuguese) and images from the event are available at the members only section of www.ipaf.org/pt.

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