Summary

Consumer packaged goods manufacturers misallocate an estimated 5%-15% of capital dollars annually on infrastructure and production assets. This situation isn't improving amid labor separation rates, digitization and decarbonization expectations, and unpredictable cost structures.

Burns & McDonnell and its 1898 & Co. global technology practice understands the importance of rationalizing investments in operational stability as priorities shift from capacity to cost savings.

This session provides education on asset investment planning (AIP), its role in industrial asset management, and why there’s nearly half a billion dollars of expected market growth for technology like this by 2026. We provide a glimpse into the AssetLens AIP software platform developed by 1898 & Co. and offer suggestions to help you get started on your digital journey.

Speakers

Stephanie Dents

Senior Business Development Manager

Burns & McDonnell

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Stephanie Dents leads pre-capital consulting for Burns & McDonnell. Stephanie has nearly three decades of experience working for some of the biggest names in the food, beverage and consumer goods industry. Stephanie served as single point of accountability across all strategic key measures in the businesses she led and now helps clients make critical business decisions around capital spending.

Nick Xenakis

Industry Advisor

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Nick Xenakis leads AIP program and technology growth in the food, beverage and consumer goods industry for 1898 & Co., part of Burns & McDonnell. Nick has worked as a supplier to the manufacturing industry for 14 years. He has helped Fortune 500 companies develop life cycle programs and justify and prioritize capital dollars.