Cannabis
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
Food and Beverage
Franchise
Manufacturing and Distribution
Retail
Transportation and Logistics
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
The IRS Appeals Kwong: What It Means for Taxpayers, COVID-Era Interest and Penalty Relief and Why Waiting May Be Risky
The appeal many expected has arrived, but the real question is what comes next. For months, taxpayers and practitioners have wondered whether the IRS would ultimately accept the implications of Kwong v. United States or continue defending its interpretation of the COVID-era relief provisions under IRC §7508A(d). We now have part of that answer. The…
Cannabis Rescheduling Opens the Door to Federal Tax Relief and R&D Tax Credits
A recent shift in federal policy materially changes how certain cannabis businesses should evaluate their Research and Development (R&D) Tax Credit position. On April 22, 2026, the Drug Enforcement Administration (DEA) issued a final order rescheduling specific cannabis products from Schedule I to Schedule III under the Controlled Substances Act. This change applies primarily to…
CIT Rules Section 122 Tariffs Unlawful – Yet Most Importers Still Affected
On May 7, 2026, the U.S. Court of International Trade (CIT) ruled against the imposition of 10% temporary global tariffs by the administration under Section 122 of the Trade Act 1974 by calling it “unlawful.” In a split 2-1 decision, the court found that the administration failed to meet the strict legal requirements of Section…
DOJ Reschedules Certain Marijuana Products to Schedule III: What Operators Need to Know
On April 22, 2026, the U.S. Department of Justice (DOJ), through the Drug Enforcement Administration (DEA), issued a final order rescheduling certain marijuana-related products from Schedule I to Schedule III of the federal Controlled Substances Act (CSA). While this action is limited in scope, it carries significant regulatory and federal tax implications, particularly for state-licensed…
Time for Importers to Take Action: April 20 Starts the IEEPA Tariffs Refund Process
It’s finally time for importers to take the first step in claiming IEEPA tariff refunds. This long-awaited move forward comes after the U.S. Supreme Court deemed IEEPA tariffs imposed by the president unconstitutional and the Court of International Trade issued a ruling for Customs and Border Protection (CBP) to refund duties imposed under IEEPA tariffs…
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.
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Partner, Practice Leader, Industrial and Consumer Products
Princeton, NJ – Corporate Headquarters
Partner, Team Leader, Industrial and Consumer Products
Partner
Partner, Market Leader, Business and Management Consulting Services
Partner, Market Leader, Transaction Advisory
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