_____________________________________________________________________________________ Creation
Technologies
affordable , and wirelessly connected , medical OEMs are increasingly looking to form strategic outsourcing partnerships to co-create revolutionary advancements that enhance patient outcomes .
The Internet of Things ( IoT ) and machineto-machine ( M2M ) communications are transforming the field of tech industrials from the micro-level of device controls and sophisticated instrumentation to complex macro-level integrated systems and infrastructure . Although Creation offers a solution for many sectors within the tech industrial space , its expertise lies in industrial controls and instrumentation , warehouse automation and robotics , communications , energy and environmental , and transportation .
We last spoke with Creation in late 2022 , so to learn more about the company ’ s operations over the last 18 months , we sat down with Patrick Freytag , Chief Financial Officer . Having joined the business in 2019 , Patrick has navigated operational challenges including a global pandemic and supply chain shortages while managing responsibilities including capital structure , financial planning and analysis , risk management , and treasury .
“ As material markets have eased over the past 18-months , Creation has remained focused on its commitment to deliver world class service to its customers ,” Patrick opens . “ We are on an exciting path with our customers as we return to a normalized level of demand and continue to win share and new customers in our focused markets . We worked alongside our customers to solve mutual challenges , building confidence and trust in Creation . The market responded with continued feedback of high levels of customer satisfaction , and Creation realized significant new commercial wins that will amount to 20 percent growth when fully ramped up . These wins came from share gains with existing customers as well as new customers . manufacturing-today . com 39