TechX Podcast

Merritt DeGraw
TechX Podcast

TechX is the podcast that features entrepreneurs, thought leaders, and industry insiders about the latest tech advancements, strategic disruptions, and visionary leadership shaping the future of business. Discover the trends and strategies that will shape commerce tomorrow, and get inspired to innovate in today's fast-paced marketplace.

Episodes

  1. Eco-Innovation: The Road to Sustainable Manufacturing and Distribution

    1 APR

    Eco-Innovation: The Road to Sustainable Manufacturing and Distribution

    Show Notes  In this insightful episode of the TechX Podcast, Seth Waters is joined once again by Merritt DeGraw, Chief Technology Officer at Fortuna, to wrap up their comprehensive discussion on the evolution of manufacturing and distribution through technology. They delve into the critical topics of efficiency and sustainability, exploring innovative strategies companies are adopting to enhance eco-friendly practices and optimize supply chain efficiency, while also underscoring the critical role of technology in shaping more efficient, sustainable, and resilient supply chains. Merritt shares his insights on the significant impact of global events on supply chain management. Join us as we uncover the future of manufacturing and distribution, highlighting the importance of flexibility, vendor management, and the transformative power of technology.    Topics Discussed  Sustainability in manufacturing and distribution  Understanding the ecological impact of products from creation to market  Recent trends in reporting operational impacts to boards and public shareholders  The importance of risk assessment and management in a distributed and on-demand supply model.  The role of IT consulting and staffing in navigating data security challenges.  Fortuna's approach to partnering with companies for technological solutions.  The significance of vendor accountability and the ability to adapt to changes quickly.    Quotes    "It's about being able to pivot... understanding those pain points and building a plan to navigate out of those challenges." - Merritt DeGraw  "Understanding your business and where you want to go is crucial... ask hard questions of your vendors." - Merritt DeGraw  "Nobody's perfect... people succeed or organizations succeed that are able to pivot in bad markets or bad times." - Merritt DeGraw    Transcript:  Seth Waters: Well, welcome back to the TechX podcast. I'm Seth Waters. I'm the Chief Marketing Officer at Fortuna, and I'm here with Merritt DeGraw, the Chief Technology Officer at Fortuna, as well as Planned Capacity and a bunch of other companies that you work with all over the board. Yes, in our last couple of conversations together, we dove into this topic on where technology is intersecting with manufacturing and distribution. And we've talked about a lot of different things like the rise of automation and AI and how leaders in the industry can begin to think about upskilling their employees and adopting new practices, finding the right guides to lead them through the challenges that they're that they're facing. It's been really valuable. And by the way, thank you for your emails. They've been reaching out to us. Always feel free to send us an email if you hear something that we're talking about and you say, “Boy, I'd like to know a little bit more about that, or I'd like to connect with Merritt or Seth and find out more about Fortuna and what they do.” You can always send us an email to techx@fortunabmc.com. Today, as we dive into the final part of this conversation about manufacturing and distribution, I'd love to jump in and talk about efficiency and sustainability.  These are two hot topics for everyone, right? Is there talk about technology and all of the things in the future? Merritt, what steps do you see companies taking towards sustainability and eco-friendly practices in manufacturing and distribution?  Merritt DeGraw: Why? There's a big push in that direction today to understand how your products are made, how they get shipped, how are they kind of impacting the global ecosystem? I think is one of the big conversations. So, you know, again, I think a lot of it is the ability to, one, measure how your operations are impacting, right? I think you're starting to see a lot of that coming out today.  And then again, tracking that from a perspective as it as your product moves to market, kind of giving that scorecard, right? If you look at it, a lot of that information now goes at the boards. It goes up to public shareholder meetings, you name it. Those are all elements that are touched in those areas, right? So being able to put the key metrics in place to be able to facilitate that conversation kind of sets you apart nowadays for some that are not quite there yet in terms of, you know, they may not have a big of a public presence maybe on the distribution side. Yeah, but as you can see, a lot of the big players are all having to touch those spaces, even on the Bitcoin side right now where, you know, you have to talk about how you basically have to publish how much power you're using today, right? So that's those are all elements that are just recently come into play. So one is, you know, how do you measure it? How you how do you manage it right from that perspective to ensure that you're bringing a key. What is the word? I want to use an ethical product to market that probably the best way to say it, right?  Seth Waters: That's beautiful. You know as on this topic, what strategies do you see being used to optimize supply chain efficiency these days?  Merritt DeGraw: I see some of the innovators today are using blockchain technologies, right? I think if you look at IBM, you look at a few of the others that are out there, they're using blockchain to be able to validate kind of how the products are produced. So they're again tying newer technologies in because ultimately what a blockchain is, is a distributed ledger, right? So it's basically saying, “Hey, here's what happened, here's the transaction, here's how it went,” right? And again, that efficacy is, is there visible to all and validated from a third kind of- a third validator, right? Which is kind of I'm trying to think of the easiest way to say it so people understand it. But ultimately, it's a lack of a centralized authority to be able to validate it, which I think is the key to a blockchain technology, right? Is that it's there's no one controls it. You again you can't fudge the numbers. it is what it is. It's what's on there. There's some challenges there. But again, I think for the most part, you know, the technologies that are that are getting created right now are being able to help fill some of those conversation. That's right.  Seth Waters: That's good. And, you know, there's a lot going on globally right now and different things around the world that are taking place, that are impacting a lot of things locally. How do global events impact supply chain management?  Merritt DeGraw: Well, look at what happened during COVID. I mean, a ship gets stuck in the Suez Canal, right, caused massive backups and shortages around all areas, right? So, whether it be Cisco with their products, you know, their Cisco, their switching markets or their or their hardware, right? And that's not being able to available for you to deploy, right?  A lot of change happening in a short period of time. So COVID kind of unearthed a challenge or a pain point that, again, I don't think a lot of people put a lot of risk behind, right? They didn't say it was a high risk in type of environment. So, again, I think there's a couple of those two scenarios in particular kind of shining a light on the risk that's actually there as part of this distributed model, right? On-demand model, right?  Seth Waters: You know, and we talked in our last episode around data security, right? And protecting what we have and how important it is to have guides in the conversation with you. And if you're looking for a solution, by the way, that's part of what Merritt leads at Fortuna. Fortuna is an IT consulting staffing company, and we would love to talk with you about how we can bring our solutions to serve your company in both the data security areas and other emerging technology conversations.  Let's just do something fun and put you in the client perspective. As a client, what do you value most, manufacturing or distribution partner? This is a fun thing for those leaders that are watching this and are wanting to get some insight from the client side. What are some things that you value most?  Merritt DeGraw: That's a tough one. The ability for my vendors to be flexible, right? From a manufacturing perspective, we're jumping into the space. So ultimately, it's, you know, things change and we all know it. But being able to like, say, for instance, if I have a supplier that has, you know, it makes it hard for me to connect with them, to be able to place orders with them, to be able to see how I'm performing against it.  So really, it's that- a customer, one that I, I value vendors that are able to be easy to work with, if that makes sense, right?   Seth Waters: Yes.   Merritt DeGraw: I mean, it's I kind of went around that a little bit, but I think for the most part it's they've got to be able- and I said flexible, but ultimately it's I need to be able to easily do business with these vendors because if things something changed on my side as a manufacturer or I don't have the thing I need or I need to get something else, ultimately being able to supply those things and be able to be quick to about to make those pivots, because ultimately it's about pivoting, right?   Seth Waters: Right.   Merritt DeGraw: It's like, as I said before, I think people, they worry about the failures or they worry about the challenges right at the associated. But ultimately, all in all, a failure is an indicator being able to say, okay, great, we made this happen. We see it. Okay, how do I pivot, right? How do I resolve that issue? Or how do I get to that? You know, how do I get past this? Because ultimately, nobody's perfect. Yeah, we're not perfect. I'm not perfect, right? I make- I fail all the time and ultimately be able to pivot from those failures is the- understand that you've f

    15 min
  2. Crafting Tomorrow: Skills and Strategies for Today’s Manufacturers

    29 MAR

    Crafting Tomorrow: Skills and Strategies for Today’s Manufacturers

    Show Notes  Dive into the future of manufacturing and distribution with the second episode of the TechX Podcast, where host Seth Waters is joined by Merritt DeGraw, the visionary Chief Technology Officer at Fortuna. Together, they unravel the complexities of integrating cutting-edge technologies into traditional industries, and into the strategies companies can employ to embrace automation without being overwhelmed by its complexities.  Through Merritt's extensive experience in sectors ranging from public space and internet to medical devices, this episode shines a light on the pivotal role of automation, machine learning, and computer vision. Discover the essential skills that today's workforce needs to develop to stay ahead in an ever-evolving landscape, and how these technologies are not just altering the way we work, but also the very nature of work itself.    Topics Discussed  The impact of technology across different business sectors  Discussion on emerging technologies and their implementation in the manufacturing and distribution sectors  Skill development in the manufacturing sector  Importance of automation, machine learning, and computer vision in modern manufacturing  The role of education in navigating the adoption of new technologies  Leadership and cultural shifts in the face of rapid technological advancements    Quotes  "Workers have to be skilled up to be able to facilitate... they're becoming more of a governance versus a doer." - Merritt DeGraw  "Educate yourself...Understand what's out there." - Merritt DeGraw on embracing automation  "Not everybody is going to fit in the new world... find people with the aptitude that really want to understand, want to move that needle forward." - Merritt DeGraw  "Keep an open mind... things are going to move fast and you've got to be comfortable with that move." - Merritt DeGraw on leadership in the era of automation  "If you don't innovate, then you're going to be left behind." - Merritt DeGraw on the importance of embracing change    Transcript  Advertisement: This episode is brought to you by Fortuna.  Seth Waters: Well, welcome back to the TechX podcast. My name is Seth Waters. I'm the Chief Marketing Officer at Fortuna, and I'm here again today with Merritt DeGraw. And you met Merritt last time we were together. He is the Chief Technology Officer at Fortuna as well as Planned Capacity and a bunch of other places. Before we jump in, I'd love for you just to highlight again some of the places you've been in the past few years.  Merritt DeGraw: Yeah. No, again, I worked in public space with Cubic, I've worked at Internet space, SAAS-based stuff with a few companies and medical device company tech, NuVasive Inc., Akamai Technologies, a small little startup, SAAS, that did air medical, air emergency medical response and tracking for health helicopters and medical billing so that I've dealt with a multitude of different industries and different compliance components also.  Seth Waters: Okay. So you've been around and had lots of experiences that have shaped you.   Merritt DeGraw: Yes.   Seth Waters: But let's continue our conversation from last time, focusing on the manufacturing and distribution industry. Today, I want to talk really pushing on skill development and workplace culture leadership when it comes to technology in manufacturing and distribution. So, let's dive in. Let's talk about skill development. What skills are currently in high demand in the technology area when it comes to manufacturing and how can workers develop them?  Merritt DeGraw: You know, it's one of the big ones or I should say. I think we alluded to it in the previous podcast, but automation is a big factor in all sort of space. We're talking from a robot programmer, a robot to go do something right.   Seth Waters: Yeah.   Merritt DeGraw: Versus using AI to kind of tie in and do some of those elements also, right? So machine learning, computer vision, right? Those are all elements that you're starting to see where, you know, again, I wouldn't say replacing workers, but workers have to be skilled up to be able to facilitate, right? A welder doing a well job needs to understand how to program a cobot to be able to do that same weld, right? Right. So that way you could, you know, kind of expand the capabilities of that person, right? So they're becoming more of a governance versus a doer. Right, again, it's nothing, nothing wrong. I think there's still welders out there. And I'm not saying it's going away, but I think for you to be able to handle some of the throughput, you're not going to be able to find enough welders, which is one of the big challenges is, you know, a lot of the blue collar jobs are not, you know, there's not a lot of people going into them as much as they are. So, there's a shortage in those areas nowadays. So again, really driving the ability to multiply the multipliers, if you want to call it their capabilities through using cobots and robots to be able to do some of that work.  Seth Waters: That's interesting. We've been having conversations recently with different distribution leaders that are that are having conversations with big companies and owners of manufacturing companies, and they're asking these questions about automation. How do we jump in? How do we start to use this in our systems? And the things that we're getting is a lot of people are feeling kind of overwhelmed right now of falling behind, right? And they don't want to fall behind, but they don't really know where to start when it comes to this industry - to manufacturing and distribution. Where can leaders start?  Merritt DeGraw: You know, again, one, educate yourself is the big factor, right? Understand what's out there. Understand because there's a multitude of different people out there that are pitching solutions for these areas. So really understand what is, you know, start to understand the market, understand how things are progressing in the market and make sure that you're, you know, maybe if you have a trusted advisor internally or external trusted advisor to be able to help you through the minutia, because there's a lot of it out there, right?   But I think for the most part is really understanding the market, understanding it, get that trusted advisor, whether it be internal or external. Again, we've seen it both ways where they have an internal advisor and we kind of, you know have a solution that bolts on and or it's “Hey look we need really help on the strategy side of this conversation,” right? Because the internal folks are still thinking they haven't expanded the horizon yet so they're not thinking outside the box. They're thinking this is how we've done it, or this is how I've seen it done, or this is how my vendors tell me how to do it. But ultimately, understanding how it fits in your organization. Because ultimately, how many failures have we seen with ERPs, MRPs in the conversations we're having with these executives where there is a failure problem, primarily because you don't understand the problem or that problem may not be something you need to solve in this organization, but it's over there. So ultimately, it's really understanding how the technology can fit in your organization and adapt accordingly.  Seth Waters: Adapt accordingly - I know this is something that you're very passionate about in your role at Fortuna, and this is something we do for companies. I encourage you, if you're in a company or you're looking for a solution, we offer in that advisory capacity to come alongside and assess where you are and assess next steps. Feel free to reach out to us. We, Merritt, would love to partner with your company. Merritt, moving forward in this conversation, and as we look at the rise of automation in manufacturing and distribution, and it is on the rise, right? These systems are being implemented. They're really changing a lot in how people are interacting with technology. How should leaders begin to upskill their employees?  Merritt DeGraw: Pairing them with somebody, again, an expert right in the area, somebody who understands the market, say, “Okay, here's the areas that you should focus on based off of your environment,” right? So really, targeted training towards certain aspects. Again, trying to tell the employee to learn the world again. It's going to be, it's a- that's a pretty large lift.   Ultimately, not everybody is going to fit in the new world. I hate to say it, right? And this is one of the conversations I had back when I was early in my career is it's okay. You know, you got to understand that, you know, some people don't- they want to sit on a helpdesk 24/7 and take calls, 24/7. But you get to point. That's their desk. What they've kind of alluded to, and that's kind of where they've kind of gravitated towards because they don't like the change right, in that of that aspect. But then there's others you've got to find people with the aptitude that really want to understand, want to move that needle forward, because those are going to be your drivers to help you get to that next level and be able to, again, train your internal experts to be successful, right? And because I've ran into challenges where, you know, again, I had people they were given to me, you know, but ultimately you want to find the people with the aptitude to be able to make the change and then put the effort in to get them trained, to get them kind of moving in that right direction, right?   Seth Waters: Good, that's really good.  Merritt DeGraw: With governance, by the way, no, you can't go with that kind of oversight to say, “Yep, you've got it, continue on, you've got it, continue on.”   Seth Waters: That's good. So, you know, leaders in the manufacturing and distribution space are facing new challenges with this new rise in technology of automation. You know, one of the questions that I woul

    17 min
  3. Revolutionizing Manufacturing: Tech Trends Reshaping Industries

    29 MAR

    Revolutionizing Manufacturing: Tech Trends Reshaping Industries

    Show Notes Join Seth Waters and Merritt DeGraw in the debut episode of the TechX Podcast, where they explore the evolving intersection of technology and business. Merritt, the Chief Technology Officer at Fortuna, shares insights into his journey through the tech landscape, discussing his experiences in networking, medical devices, education, and more. The conversation delves into the current landscape of manufacturing and distribution, uncovering trends, challenges, and the transformative power of technology, while emphasizing the role of automation, machine learning, and robotics in reshaping these industries. Tune in now to discover everything tech and business in this episode from the TechX Podcast!   Topics Discussed Merritt DeGraw's journey in technology The role of automation, machine learning, and robotics in manufacturing and distribution Trends and challenges in the manufacturing and distribution sector Data security and protecting against cyber threats. Practical steps for leaders in manufacturing and distribution to embrace technology   Quotes "You've got to be able to meet the demands of the organization. And so, that is a challenge, you know, how fast things are changing in this marketplace and how things are changing in the industry in general across all verticals. I think it's like the wild, wild West. So people need to be able to keep up with that change." – Merritt DeGraw "One is understanding the flow of how you get things done. A lot of times I find that the issue is not, you know, kind of the systems that they have, but it's the steps that they take. They may not understand their processes fully." – Merritt DeGraw “Everything should be built with security in mind” – Merritt DeGraw "Education is a big part of that conversation to say, I want to make sure that these people understand when they get an email from somebody that's outside that you don't click on the envelope, you don't click on the attachment." – Merritt DeGraw “…Educate yourself to get the others involved and start to really kind of together create that shared vision to drive those needles forward.” – Merritt DeGraw   Transcript Advertisement: This episode is brought to you by Fortuna, an IT consulting and staffing company. From contact centers to IT and managed staffing services, Fortuna helps businesses “grow thru simplicity.” Learn more at gofortuna.com. Seth Waters: Well, welcome to the TechX podcast, where the future of technology intersects with business, and I’m excited to be with you today. I'm Seth Waters. I'm the Chief Marketing Officer at Fortuna and I'm here with Merritt DeGraw, the brains behind our show. Merritt, good to be with you today. Merritt DeGraw: Pleasure to be here. Thank you. Seth Waters: Before we jump into this new podcast, it's really a new conversation. Before we jump right in, I'd love for you to take a few minutes and talk about your past. You've been in technology for many years. You're now the Chief Technology Officer at Fortuna, but I'd like to just have you share about some of the story. What's your story? How have you gotten to where you are today? Merritt DeGraw: It's been a journey. I started off in networking back in the day, back when I was at Akamai Technologies so it’s actually the interview before Akamai and then, you know, “.com” bust happened, moved into medical device, worked at a company called NuVasive. They created the tools for minimal access, spinal surgeries. And I was the head guy there from – I’m reporting directly to CFO - and again helped them kind of build innovative technologies for helping people, you know, improve their outcomes from surgeries - from their spinal surgery. Seth Waters: Wow, wow. Very interesting. Merritt DeGraw: And then kind of moved into larger companies - work and education company. So that's where I met Jack, oddly enough. And so we, you know, we were online education for profit education company building a kind of a tracking solution for our students and such and giving them, you know, next generation education right again and then moved into a little bit of defense/transportation areas when I was working at Cubic Technologies, doing a move to the cloud. Basically that's kind of the main reason I was hired there. And I started helping out with some DevOps conversations also. And that led me into consulting career that eventually I landed here, so. Seth Waters: Wow. So you've done a lot of things that have prepared you to be able to talk as an expert about a lot of different technologies. Merritt DeGraw: Yes. Seth Waters: Now, you mentioned Jack, and Jack is the CEO at Fortuna, the company where you are the Chief Technology Officer right now amongst a whole bunch of other things. You know, as it is, we all have our hands on a lot of different projects, you know, as you do. But what is your job and what is your role right now as the chief technology officer at Fortuna? What does that encompass? What does that include for you? Merritt DeGraw: Well, you know, again, I- you know, here I think it branches outside of the technology. The information technology space. Right. And we go into more, you know, dealing with things like hydrogen generation, green energy production, I guess it's I should say, is probably a better way to say it. But also, you know, moving into, you know, innovative technologies like blockchain and Bitcoin rights, we do it. We have a- I'm also a CTO at Planned Capacity, which is a Bitcoin mining company, I should say a demand response company, because not only it's not just Bitcoin mining, but it's being able to help manage the balance of the grid, right? Again, we're not actually producing power in this case, but for the most part we're able to help them kind of plan accordingly. Think of like an online battery that we're able to shut down when they need the power. And then we continue back on when we- what we're doing when we're up and functioning against. Seth Waters: Wow. So you've got your hands in a lot of projects right now. A lot of moving pieces. Merritt DeGraw: Yes. IoT stuff with, you know, manufacturing stuff, you know, again, distribution area stuff. I mean, we're having conversations all over the place where we may be manufacturing ourselves here pretty soon. So there's a lot of a lot of moving parts at the moment. Seth Waters: Yeah. And we're going to jump into all of that because there's so much to talk about right now, especially the manufacturing and distribution space. So we're going to jump into technology and that in just a minute. But I'm really excited for this podcast. I'm really excited about the TechX podcast because you know, over the next 12 months we are going to be filming several series of these conversations talking about how technology is intersecting different areas of business. We're going to be talking about new space, we're going to be talking about health care. We're going to be jumping in today into manufacturing and distributing. We're also going to be talking about energy in a few months. And I'm very excited about that. So if you're tuning in for the first time today, don't disappear. Make sure you come back. There's can be a lot of valuable information and really touching on how technology intersects with all of those areas and the emerging technology that's coming and excited to get to glean from you a lot of understanding and information as we're moving forward as an expert in this area. Today, we're going to start off by talking about manufacturing and distribution and where technology meets those. Now, as we jump into it, you know, we've had many conversations over the last few months. This is an area of technology that seems to lag a little bit behind. Would you say that? Is that a fair assessment? Merritt DeGraw: I mean, yes, I would say it's a fair assessment. I think, you know, many industries have the same challenges, but I think manufacturing distribution in particular, I think some groups and some companies are ahead of the game where other groups are behind the game, primarily just because, you know, we'll talk about a little bit deeper later on. But there's definitely challenges in some in many organizations that we go into and we talk with. Seth Waters: Yeah, well, let's talk about some of the current trends and challenges in manufacturing and distribution today. What would you say are some of the current trends that you are seeing in manufacturing and distribution today? Merritt DeGraw: So a lot of automation, right? I think there's a lot of people, I should say there's the vision of automation. I think there's some people, some people know how to do it. I think, you know, if you look at the Amazons of the world, they have- they've got that number, right? I think from an automation perspective. But then you're getting some of the laggards are kind of, I wouldn’t say laggards like is probably not the right way, but I would say some of the people that are a little behind the curve are, you know, again, I think they're having people challenges, they're having technology challenges. Again, they're dealing with some legacy systems, some technical debt, if you want to call it. Yeah, that is causing a little bit of consternation. Seth Waters: Yeah. What are some of the biggest challenges that companies in this space are dealing with? You mentioned, you know, older systems and different things. What are some of the biggest challenges? Merritt DeGraw: Well, I think people as a people process technology, right? I think those are the key areas. And I think many organizations that we've been in, they you know, they've got people challenges, I should say, you know, getting the knowledge of kind of automation and the knowledge around tying systems together to make it more kind of user-friendly, more easy to do business with, right? Those are areas where I find a lot of people have challenges. Many of the organiz

    18 min

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TechX is the podcast that features entrepreneurs, thought leaders, and industry insiders about the latest tech advancements, strategic disruptions, and visionary leadership shaping the future of business. Discover the trends and strategies that will shape commerce tomorrow, and get inspired to innovate in today's fast-paced marketplace.

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