Consumer Goods

Insight

Is a Cycle Count Program a Good Idea for Maintaining Your Inventory?

September 22nd, 2017

Consider the following scenario: A lower middle-market distributor, with significant inventories held in three separate warehouses, has ongoing inventory systems in order to keep track of its complex inventories. At the end of each year, all locations halt shipping and receiving for one day while inventories are fully counted in order to update financial records. […]

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Insight

“Big Beer” Acquiring Craft Beer Market Continues to Rise

August 4th, 2017

The latest in a series of craft brewery acquisitions, San Francisco’s Anchor Brewing Co. is being sold to Japan’s Sapporo Holdings Ltd. The sale follows recent acquisitions such as Constellation Brands’ $1 billion purchase of Ballast Point, Heineken’s purchase of a 50 percent stake in Lagunitas, and the purchase of Saint Archer by MillerCoors. As […]

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Insight

Why Millennials Are Choosing Food & Experiences Over Material Possessions

July 14th, 2017

Millennials have become a hot topic in the recent years and the food service industry is no exception. Millennials are currently talking about avocado toast, pressed juices and what to order on delivery service apps such as Seamless. Their focus has shifted from material possessions to experiences. A new study has surfaced, indicating that millennials […]

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Water Bottle Manufacturing Insight

Two Consumer Goods Topics to Keep Your Eye On in 2017

February 3rd, 2017

To keep our clients and colleagues informed on the ever-growing changes and development within the Consumer Goods industry, our DZH Phillips team of experts meets once a month to discuss the latest developments that could impact business. Included here are two key findings from our January meeting:   1. Upcoming Revenue Changes Consumer goods clients […]

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Man writing on paper Insight

Learn About the Latest Lease Accounting Standards

August 9th, 2016

Whether you are the lessor or lessee, if you have any leases lasting over one year (including renewals), you will be impacted by this standard. The new standards become effective in 2019 for public companies, and 2020 for privately held enterprises. Consider the following steps: Assign an implementation team. Involve us in the process. Read […]

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Businessman using calculator Insight

How the New Revenue Recognition Standards Will Impact Your Business

August 9th, 2016

As you know, new Revenue Recognition Standards for contracts with customers will begin in 2018 for public companies, and 2019 for privately held enterprises. If you are presenting comparative financials statements, the impact will come even sooner. We strongly recommend our clients to start preparing now. Implementation Steps: Assign an implementation team. Involve us in the process. […]

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