Industry News

When one thinks of the food and beverage industry, usually one of the more defining characteristics of a product is the package. A can of Coca Cola or bag of Lays potato chips are some of the more identifiable products within the food and beverage industries, and their prominence have little to do with the product itself and a lot to do with its...

What are Consumer Packaged Goods? Consumer Packaged Goods, (or CPGs), are products that are sold quickly at a relatively low cost. Just think of those household items with daily use such as beverages, paper products, non-perishable foods, cleaning supplies, etc. These items are shipped quickly and need to be restocked at home on a routine basis. CPGs...

Section 179 explained Essentially, this section of the IRS tax code lets businesses deduct purchase prices of equipment and/or software during the tax year. Tax codes can get complicated and messy, but this one is pretty straight forward. If you purchase or finance equipment during 2019, you can deduct the full purchase price from your gross income...

There's a lot to unpack with the unboxing experience By now you've probably heard about the unboxing experience, you may have had this experience yourself with consumer goods. That feeling of anticipation that one gets just before they open the packaging to reveal their new item. We've all done it and it probably started for everyone at Christmas...

A look into the lumber industry With the volatility of the lumber market being as unstable as it has been in years, pallet prices are continuing to rise. In fact, some lumber is more difficult to locate and purchase because of shortages in the industry. Prices hit an all time high in June, 2018 - the highest numbers we've seen since 1997. With the hurricane...