Manufacturers benefit from unique in-depth planning, implementation and tailored business solutions that help anticipate and leverage macro-level changes in policy, trade and taxation.
Accounting and advisory firm Baker Tilly Virchow Krause, LLP recently announced the formation of the Center for the Return of Manufacturing (CFRM) — a resource to help U.S.-based middle market manufacturing companies execute their strategies by initiating or returning operations to the United States and unlocking export and revenue growth opportunities abroad. The CFRM will provide similar services to companies located abroad and for those with an interest in launching manufacturing operations in the U.S.
“The United States manufacturing sector has undergone significant and fundamental changes in recent years, particularly in traditionally heavy manufacturing states,” Jeff Jorge, CFRM leader, said. “We created the CFRM for our clients and those manufacturers who have been looking for advice and guidance to help manage those changes as well as those we expect to come.”
The CFRM is a community of influence and experience, providing the knowledge, proven processes and proprietary methods for successfully assisting with a range of manufacturing-related issues. Those issues include reshoring, global manufacturing, site selection, project financing, domestic and international tax, import/export and supply chain and technology services in addition to ongoing industry insight and tax reform updates.
“The CFRM will play an important role in the future of U.S. manufacturing by offering tools and hands-on support to manufacturers. We emphasize balance in our approach to help companies analyze, understand and confidently execute the favorable business case for reshoring, relocating, growing and optimizing operations in the U.S,” Jorge added.
CFRM has produced a whitepaper discussing major issues facing manufacturing companies which includes important discussions and concrete suggestions regarding tax, trade and capital issues in particular.
The CFRM community includes the knowledge and insight of hundreds of Baker Tilly professionals and is led by Jorge who also leads the firm’s international growth services practice and the Latin America service desk.
“We represent a great number of manufacturing firms and we are preparing them for anticipated changes in tax and trade policy,” Partner and Baker Tilly Manufacturing Industry Leader Brad DeNoyer said. “Baker Tilly’s depth and breadth of manufacturing experience positions the CFRM to play a uniquely important role in helping U.S. manufacturers achieve their goals in a complex and ever-changing global marketplace.”
“The global landscape for manufacturers is changing,” Jorge said. “They need foresight, advice, advocacy and resources and the CFRM is very well positioned to help those companies navigate the new future in manufacturing and product demand — both in the U.S. and abroad.”
To learn more about Baker Tilly’s Center for the Return of Manufacturing, visit bakertilly.com/returnofmanufacturing.
About Baker Tilly Virchow Krause, LLP (bakertilly.com)
Baker Tilly Virchow Krause, LLP (Baker Tilly) is a nationally recognized, full-service accounting and advisory firm whose specialized professionals connect with clients and their businesses through refreshing candor and clear industry insight. With approximately 2,700 employees across the United States, Baker Tilly is ranked as one of the 15 largest accounting and advisory firms in the country. Headquartered in Chicago, Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 141 countries, with 28,000 professionals. The combined worldwide revenue of independent member firms is $3.8 billion. Baker Tilly Virchow Krause, LLP is an IMA member company.