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
Recent Tariff Developments – Status of IEEPA Refunds and Fresh Tariffs Proposed by the Trump Administration
As U.S. Customs and Border Protection (CBP) begins issuing billions in IEEPA tariff refunds, new and expanded tariff proposals from the Trump administration are reshaping the trade landscape and introducing additional compliance considerations for importers. Latest CBP Filing Declares $20.6 Billion of Tariff Refunds on the Way to Importers About $20.6 billion in tariff refunds…
IRS Issues Guidance on 100% Depreciation for Commercial Real Estate
The Internal Revenue Service (IRS) has released interim guidance in Notice 2026-16, outlining a major new tax incentive for the manufacturing sector. The guidance implements a 100% special depreciation allowance under IRC §168(n) for certain commercial real property classified as Qualified Production Property (QPP). This provision—enacted as part of the One Big Beautiful Bill Act…
How to Choose the Best E-Commerce Warehouse Location: Key Tax and Logistics Considerations
Selecting the optimal state for your e-commerce warehouse or third-party logistics (3PL) facility involves more than just proximity to customers or major transportation hubs. While shipping speed and costs are critical to this decision, state taxes should also be considered, as they can vary widely across states and turn out to be either beneficial or…
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…
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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