Manufacturing & Distribution | National Practice

Manufacturing & Distribution | National Practice

Helping you manage your business from multiple perspectives

CBIZ helps more than 5,000 manufacturers and distributors maintain optimal operational and financial performance through periods of both disruption and stability. Applying a consultative approach tailored to company size and structure, we provide guidance on multiple levels — from navigating a changing business climate to turning industry trends into opportunities for business growth.

Our extensive experience in the sector and unique range of services provide the professional support you can depend on to help you develop and retain your staff, best serve your customers, manage new risks in a digital and global economy, and make informed decisions no matter where you are in your business’ lifecycle.

Financial Services

Capitalize on your operational and financial strategies

CBIZ’s industry-experienced financial professionals take an advocacy approach to help clients develop strategies for business sustainability, maximize business growth and tax planning opportunities, and assist with accounting and reporting functions. Our valuation and deal advisory teams offer you expertise and advocacy when transactions are included in your plans for growth or succession.

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Risk Solutions

Safeguard your workplace, tighten operations and build sustainability

As the industry accelerates adoption of technology and digital operations to streamline production and supply chain management, opportunities increase — but so does risk. CBIZ risk advisory professionals help you identify and manage your internal risk environment with internal audit and cyber consulting. CBIZ insurance professionals help you mitigate the impact of standard business hazards and growing concerns, such as climate and cyber threats, with comprehensive programs of risk transfer.

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Employee Solutions

Attract, engage and retain your workforce and management

CBIZ helps you attract, retain, support, engage and manage your entire workforce with efficiency and an eye on cost. We help you build a benefits strategy that balances skyrocketing health care costs, changing compliance mandates and evolving HR administration with the changing needs and expectations of a generationally and geographically diverse workforce. We provide retirement plan design and investment advisory solutions as well as a human capital management (HCM) solution that brings your entire employee lifecycle into a single solution. And, of course, our executive search professionals know how to attract and recruit the best talent in the market for your company’s key roles and functional disciplines.

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For the manufacturing and distribution industry, 2024 will demand a mix of innovation and resiliency as the industry continues to transform through mergers and acquisitions, shifting supply chain dynamics and ever-evolving technology. In some ways, this year will be more of the same as organizations face ongoing economic uncertainty, skilled labor shortages and supply chain challenges.

In today's global economy, the supply chain is spread out and disjointed, making it difficult for CFOs to get a clear picture of what’s happening and where there might be problems. However, as you prepare for 2024, let’s look back at the top six strategies that may save you money amid disruption.

The annual number of business mergers and acquisitions in the U.S. nearly doubled between 2000 and 2021. While economic challenges have slowed that pace a bit, 20,921 companies still undertook a merger or acquisition in 2022, down from 2021’s record total of 24,899.

Having a business continuity plan is more important than ever. All you have to do is look at the day’s headlines to identify potential risks for business interruption. In recent years, the pandemic, supply chain challenges, data breaches and extreme weather have been top stories.

No matter how you look at it, cybersecurity risk continues to climb. Eight in 10 organizations experienced more than one data breach during 2022. Publicly reported ransomware attacks were down slightly, but the amount of stolen data more than doubled from 2021. As manufacturing and distribution firms become more reliant on data and technology, the threat of cyberattacks aimed at stealing data and disrupting operations grows.