In an industry that has no closing time, you’re burning the candle at both ends to keep up with the competition who also operates 24/7. E-commerce shifts, consumer trends and regulatory changes are just a few challenges consumer products companies face while trying to keep up with their customers’ demands. Withum’s Consumer Products Team works with a variety of consumer-based businesses, so we understand how slim profit margins and market share are impacting business operations. We show consumer products companies how to embrace market changes to stay ahead of the competition.
Consumer Products Industry Challenges
Consumer trends and desires shift quickly and often, which can impact your bottom line negatively if you’re not prepared. Younger demographics are forcing consumer-based businesses to engage with their buyers in new ways.
Our Solutions
Brick-and-mortar shops are quickly becoming less frequented as e-commerce continues to grow. Consumers enjoy the simplicity and convenience of ordering groceries, clothing and takeout from the comfort of their home. But, for businesses, that expanded consumer base brings complex tax liability.
Our Solutions
Innovative small businesses are enhancing the value of consumer goods. Whether operating on their own or catching the eye of larger corporations for acquisition, the investment opportunities are increasing for consumer products companies.
Our Solutions
The economy brings in a realm of uncertainty and unpredictability. Businesses are subjected to product volatility, international competition and trade rules, forcing companies to evaluate their supply-chain management.
Our Solutions
Custom-Made Solutions for Consumer Products Companies
Consumer Products Accounting Services
- Accounting and financial audits
- Outsourced accounting
- Cash flow analysis
- Payroll assistance budgeting and forecasting
- Tax services
- Business tax
- Sales and use tax
- Research and development tax credits
Consumer Products Advisory Services
- Inventory management
- Strategic planning
- Benchmarking analysis
- Point-of-sale accounting systems and analysis
- M&A advisory
- Buy- and sell-side due diligence
- Cybersecurity assessments
- IT managed services
- Network penetration testing
- Succession planning
- Employee compensation and pension plans
- Union negotiations
- Supply chain management
Testimonial
I'm delighted with this professional relationship with Withum being a trusted advisor to Greyson. I look forward to working with you at year-end and beyond
Leadership
Insights
How Gen Z Is Changing the Retail Market and Potential Pitfalls Businesses Need To Be Aware Of
As the first generation of Digital Natives enters the professional space, the importance of E-Commerce Platforms has reached a new level. Gen Z customers are more likely to purchase through […]
Congress Set to Replenish the Restaurant Revitalization Fund
On Thursday the House passed H.R. 3807, Relief for Restaurants and other Hard Hit Small Businesses Act of 2022, which would add an additional $42 billion to the Restaurant Revitalization […]
E-commerce 2.0: 3 Tips for Creating an Omnichannel Strategy
Omnichannel is a buzzword often used to benchmark customer experience success in the retail industry. While businesses continue to invest in e-commerce and digital marketing today, omnichannel customer experience has […]