How Can Small Businesses Navigate Supply Chain Challenges in Aerospace and Defense?

I'm thrilled to share with you the latest episode of our podcast, featuring the incredible Rhett Ross. Rhett is a Principal of Bayport Group, Managing Member and Director of Leach Industries, and Senior Business Advisor to G2 Capital Advisors. His journey from a nuclear engineer in the US Navy to a business leader in manufacturing is nothing short of inspiring. Here are some key takeaways from our conversation that you won't want to miss:

Key Lessons and Insights:

The Power of Local Manufacturing: Rhett emphasizes the importance of bringing manufacturing back to North America. He discusses how a local presence can enhance supply chain management and real-time responsiveness, especially in the face of global disruptions.
Supply Chain Complexities: Dive into the intricacies of global manufacturing footprints, just-in-time production, and the impact of the COVID-19 pandemic. Rhett shares why companies need to rethink their strategies, considering environmental costs and the benefits of local manufacturing.
AI in Supply Chain Management: Explore the potential role of AI in forecasting and managing supply chains, particularly in the automotive industry. Rhett provides insights into how AI can address some of the most pressing challenges.
Aerospace vs. Automotive Supply Chains: Learn about the unique challenges in the aerospace sector compared to the automotive industry. Rhett highlights the differences in volume, mix, and the need for adaptive supply chain strategies.
Leadership and Team Building: Rhett shares his evolution from a micromanager to a leader who trusts and empowers his team. He discusses the importance of open communication, clear messaging, and fostering a strong organizational culture.
Supporting Small Businesses: Understand the financial strains on small businesses in the supply chain, especially in the aerospace industry. Rhett emphasizes the need for fair treatment and realistic expectations.
Customer Service Excellence: Hear a compelling story about the importance of doing what’s right for the customer, even when it involves tough decisions. Rhett underscores the value of quality, safety, and building a strong brand.
Attracting High-Performance Leaders: Discover Rhett’s strategies for hiring the right fit for the team and investing in their growth through mentoring, training, and regular one-on-one sessions.
Identifying Growth Opportunities: Rhett shares practical advice on evaluating business strategies, focusing on both base hits and home run opportunities. He provides a real-world example of advising a company on selling a business segment.
AI and the Future of Warfare: Delve into the potential of AI in the aerospace and defense industry, including autonomous machines and drones. Rhett discusses the limitations of AI compared to human intuition and experience.
Legacy and Fulfillment: Rhett reflects on his legacy, expressing pride in revitalizing businesses and supporting the manufacturing industry in North America. He shares his satisfaction in helping companies thrive and supporting people with the same dream of building successful businesses.

Rhett Ross’s insights are a treasure trove for anyone involved in investment groups or growth-stage businesses. His experience and wisdom offer a comprehensive perspective on navigating the complexities of the manufacturing industry.

Tune in to the podcast to hear more about Rhett’s journey and the valuable lessons he has to share. You won’t want to miss this episode!

Check out the interview on YouTube here: https://youtu.be/geFv-NzeoK8

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Rhett Ross

Senior Business Advisor

Rhett Ross is a senior business consultant , focusing on M&A, financial restructuring and operational revitalization. In recent years, Rhett has worked engagements that range from corporate bankruptcy to family-owned business transformation.

Prior to joining G2, Rhett forged a 35-year career as a leader in industrial engineering design, business development, and manufacturing, with expertise in aerospace and defense, electric vehicle power systems, industrial gases, nuclear power, engineering services, and alternative energy sectors. Rhett has led two early-stage technology companies, four business restructurings ranging in revenue from $10 million to $120 million, and international M&A transactions with enterprise value up to $200 million. He also completed a public offering of Continental Aerospace Technologies on the Hong Kong Stock Exchange.

After successfully finishing the first act of his career at Continental Aerospace, Rhett has become involved in business advisory and investment initiatives . He most recently served as a board member of Deuce Drone LLC, an emerging technology company developing last-mile package delivery service solutions using small, unmanned aerial vehicles.

Rhett holds a Bachelor of Science in Nuclear Engineering and a Master of Engineering in Mechanical Engineering, both from the University of Florida. After finishing school, he started his career as an officer in the United States Navy’s Submarine Service.

Residing in South Alabama, Rhett enjoys boating and fishing in Mobile Bay. He is also an ac… Read More