Blog
Unlocking $65 Million in Working Capital
Client: Endeavour Group
Endeavour Group is Australia’s leading retail drinks and hospitality business. The company’s well-known brands include Dan Murphy’s and BWS, alongside its extensive network of hotels and pubs. Endeavour Group is focused on creating a “more sociable future” by bringing people together and is dedicated to responsible service of alcohol and gaming. The company places a strong emphasis on sustainability, community partnerships, and supporting its workforce, with a commitment to reducing its environmental footprint and contributing to local communities.
The Challenge
Endeavour Group had a critical business problem: a significant amount of working capital was tied up in import duties, a practice that set them apart from industry competitors. While a bonded warehousing solution was previously in place, it was discontinued due to system issues and inaccuracies in stock management. To unlock an estimated $65 million in working capital benefits, Endeavour needed to re-establish this capability, ensuring a robust, transparent, and compliant solution. This required not only a deep understanding of complex business processes but also the right project management talent to navigate the implementation of new systems, compliance processes and a partnership operating model
The Arctic Fox Solution
Arctic Fox was engaged to provide specialist project management recruitment services. We understood that this was a high-stakes project requiring a unique blend of skills: senior-level project leadership, expertise in process definition and optimisation, and business architects who could act as the critical link between technology and operations. Our team’s in-depth knowledge of complex, regulatory-heavy projects allowed us to source candidates with a proven track record in system and process transformation and a clear understanding of the logistics and financial sectors. We presented a curated team of professionals who were not just technically proficient but also adept at managing stakeholder expectations and ensuring compliance.
The Outcome
Arctic Fox successfully placed a team of project management professionals who were instrumental in the development of the new Bonded Warehousing capability. Their work ensured the project was on track to deliver substantial financial benefits and a robust, scalable solution.
Key Metrics:
- Working Capital Unlocked: Project on track to unlock an estimated $65 million in working capital benefits.
- Specialist Placement: Successfully sourced and placed project management professionals with a rare blend of SAP, finance, logistics, and regulatory compliance experience.
- Client Feedback: “The Arctic Fox team provided the specialist talent we needed to tackle this complex project. They understood the nuances of the regulatory environment and found us a team that could navigate these challenges with confidence.”