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 Solutions

Fluctuating 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 Management

Product 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 Savings

From 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 Systems

As 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 Services

Industrial and Consumer Products Insights

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farmers in a cannabis field at sunset
The Hidden Tax Credits Cannabis Farmers Are Leaving on the Table in New York

New York is expanding access to agricultural tax incentives and related programs for licensed cannabis cultivators through recent legislative changes. As a result, qualifying growers may now be able to take advantage of benefits ranging from property tax relief and refundable investment tax credits to workforce, redevelopment and energy-efficiency incentives. Understanding how these programs work…

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what the hemp podcast
What the Hemp? Podcast

What the Hemp? is Withum’s newest podcast series, driving the conversation around the ever-evolving cannabis industry.

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model of an airplane sitting on a pile of coins
States Scrutinizing Aircraft Sales and Lease Transactions

Aircraft Transactions Face a Fragmented State Tax Landscape State sales and use tax treatment of aircraft transactions continues to evolve, creating a complex and increasingly fragmented landscape for taxpayers. An aircraft is uniquely impacted by state tax rules due to its mobility and multi-state use, which can trigger tax obligations across jurisdictions at different points…

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Two farmers working on a farm under morning sunlight.
$30 Million in Tariff Relief Is Now Available for New York Farmers

New York State has launched the Agricultural Resiliency Against Tariffs Program, a $30 million fund to help farmers recover from rising costs and lost markets caused by the 2025 federal tariff policy. Dairy, livestock, specialty crop and aquaculture producers across the state may qualify for direct payments ranging from $1,000 to $25,000, depending on 2025…

Why Industrial and Consumer Products Companies Choose Withum

Specialized Industry Expertise

Dedicated service teams who bring practical, sector specific knowledge to every engagement, ensuring advice that truly fits your business.

Regulatory Intelligence You Can Rely On

Proactive monitoring of evolving rules and legislation, from tariff changes to complex areas like 280E, so you can stay ahead.

Tailored Solutions Beyond Traditional Accounting

Collaborative professionals who integrate tax, audit, advisory, and operational insights to help you navigate the challenges that are unique to your business.

National Presence, Local Support

With offices across the country, our clients receive consistent, high touch service no matter where they operate.

Deep Industry Network

Access to trusted attorneys, lenders, and wealth advisors who understand your sector and can support every stage of growth.

Active Industry Engagement

Deep involvement in leading trade and industry associations that keeps our team connected to the emerging trends, and issues shaping your sector.

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

Matt-Walsh_Web
Partner, Practice Leader, Industrial and Consumer Products
Princeton, NJ – Corporate Headquarters
Dave-Poillucci_Web
Partner
Whippany, NJ
Michael-Kulick_Web
Partner
Whippany, NJ
Jason-Thomas_Web
Partner, Team Leader, Industrial and Consumer Products
Tara-Nicholson_Web
Partner
Steven-Monacelli_Web
Partner, Team Leader, Cannabis Services
Boca Raton, FL
Brian-Silva_Web
Partner
Providence, RI
Wendy-Heiss_Web
Partner
Providence, RI
Lauren-Naples_Web
Partner
Red Bank, NJ
Steve-Edelheit_Web
Partner, Team Leader, Franchise
Chicago, IL
Shannon-Metz_Web
Partner
East Brunswick, NJ
Wally-Merkas_Web
Partner, Market Leader, Business and Management Consulting Services
Steve-Brady_Web
Partner, Market Leader, Transaction Advisory
Alexis-Becker_Web
Partner, Team Leader, Food and Beverage
Buffalo, NY

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.