Industrial and Consumer Products
Industrial and consumer products companies face mounting pressures from supply chain complexity, evolving regulatory requirements, rising operational costs and shifting customer expectations. Our Industrial and Consumer Products (ICP) Services Team delivers integrated business advisory, tax strategy and accounting solutions that strengthen financial performance and enhance operational efficiency. With decades of experience across manufacturing operations, consumer goods, distribution and market expansion, we help businesses stay competitive and positioned for sustainable growth.
Industrial and Consumer Products Industry Expertise
Industrial and Consumer Products Industry Challenges
Regulatory compliance requirements related to sourcing, trade, labeling, transportation and environmental standards continue to evolve. Ensuring each step of the supply chain meets compliance expectations is essential to maintaining uninterrupted manufacturing operations and market access. Proactive supply chain management and documentation reduce risk, protect brand reputation and support long-term supplier relationships.
Discover Our Global Transfer Pricing SolutionsFluctuating demand, long lead times and cost variability make effective inventory management more complex for manufacturers and distributors. Companies are focusing on improving forecasting accuracy and warehouse coordination to reduce overstock and avoid stockouts. Strong inventory management supports better cash flow, more confident purchasing decisions and improved customer fulfillment.
Unlock the Power of ERP Inventory ManagementProduct innovation often results from intense research and development (R&D). Industrial and consumer products companies experimenting with new formulations, processes or designs may qualify for the R&D tax credit, which can significantly reduce payroll tax liability and improve financial performance.
Turn Innovation Into Tax SavingsFrom workflow automation to advanced data analytics, technology is reshaping modern day operations. Strategic ERP implementation and AI adoption improve operational efficiency, reduce manual burdens and support more informed decision-making. A thoughtful technology strategy ensures new systems integrate smoothly and deliver measurable value.
Transform Your Operations with Smarter SystemsAs digital communications and virtual operations become more connected, the volume of financial, operational and customer data stored across systems continues to grow. Cyber threats are becoming more sophisticated, making cybersecurity essential for industrial and consumer goods companies. Strong data protection practices help protect sensitive information, maintain business continuity and preserve customer trust.
Explore Our Cybersecurity Consulting ServicesIndustrial and Consumer Products Insights
Bowen v. Commissioner Narrows the Scope of Landmark COVID-Era Tax Relief
The Tax Court’s recent decision in Bowen v. Commissioner provides new guidance on the scope of potential Covid-era refund claims arising from Kwong v. United States. To understand the ramifications of Bowen for taxpayers who are potentially eligible for refunds under Kwong, it is helpful to begin with what the Kwong case established. What Kwong Established The…
Illinois AIM Tax Credit Rewards Investment, Not Just New Factories
Every so often, a state incentive comes along that is worth rearranging a capital plan, and Illinois may have one in its Advancing Innovative Manufacturing (AIM) Tax Credit. AIM offers Illinois income tax credits of up to 7% of qualified capital improvement investment to manufacturers and research-driven businesses that build, modernize, or relocate operations in…
Withum Team Members Named as INNOVATE100 Honorees
Leading Industry with a Tech–Forward Vision Matt Walsh, partner and practice leader of Withum’s Industrial and Consumer Products Services Team, was honored in the Finance/Accounting category for helping modernize the Firm’s technology ecosystem. His leadership has supported initiatives that enhance efficiency, streamline workflows and better align technology with evolving client needs, including work with Caseware…
Recent Trade and Tariff Updates: USMCA, IEEPA Refunds and New Tariff Actions
Several notable trade and tariff developments have emerged in recent weeks, affecting businesses engaged in cross-border commerce throughout North America and beyond. Key changes involve the United States-Mexico-Canada Agreement (USMCA), International Emergency Economic Powers Act (IEEPA) tariff refunds and new tariff actions that could have operational and financial implications for importers and exporters. U.S. Declines…
How the Keysight Decision Could Affect the Kwong Appeal
On July 2, 2026, the U.S. Court of Federal Claims decided Keysight Technologies, Inc. v. United States, No. 25-137, holding that the Treasury Department exceeded its statutory authority when it issued a regulation governing the global intangible low-taxed income (GILTI) regime. Days later, on July 10, the deadline passed for taxpayers to file protective refund…
Accounting and Tax Services
- Cost Segregation Study
- Financial Planning and Wealth Management
- Succession Planning
- Global Transfer Pricing
- R&D Tax Credits
- Tax provision preparation support
Advisory Services
Industrial and Consumer Products Lifecycle

Withum’s Industrial and Consumer Products Services Team supports businesses across the full product lifecycle — from family-owned and closely held companies to multinational operators and publicly traded enterprises.
Connect with Our Industrial and Consumer Products Leaders
Contact Us
For more information or to discuss your business needs, please fill out the form and a member of our team will connect with you timely.
















