Plastics Manufacturing - Indiana (IN)
Like many industries over the past few years, plastics manufacturers in Indiana have faced several challenges while taking advantage of multiple opportunities.
For many plastic molding manufacturers, time is spent on minimizing unplanned downtime, managing material costs, addressing the skilled worker shortage and controlling process variations. One of the most significant issues facing the plastics industry is inflation. Not only is inflation driving up the cost of supplies, including resin, but it has sharply increased the cost of capital and reduced borrowing options.
Throw in external factors such as the pressure to re-shore, which requires additional investments in labor, equipment, and processes, and it’s clear your growth trajectory may look different this year.
When facing times of uncertainty, plastics manufacturers in Indiana must manage the variables they can control. Your relationship with your accounting firm is one of those factors. Working with a certified public accounting (CPA) firm with the relevant technical expertise and experience in your industry will allow you to navigate tax liabilities, right-size your finance department’s structure with outsourcing and automation and present a solid financial picture for audit requirements and overall management decisions.
Plastics Manufacturing Experience – Indiana (in)
Adams Brown, Strategic Allies, and CPAs is a certified public accounting firm serving the accounting, payroll, tax, audit, technology, managed IT, cybersecurity, business valuation, succession planning, estate planning, and wealth management needs of plastics industry companies.
To provide plastics accounting services to reduce your compliance burdens and achieve financial goals, our team works with plastics processors of all sizes throughout the country. This includes serving manufacturers in several sectors, including:
- clear plastics manufacturers,
- custom plastics manufacturers,
- general plastics manufacturing,
- hard plastics manufacturers,
- plastic injection molding manufacturers,
- plastic extrusion manufacturers.
The Indiana plastics manufacturing community represents a vibrant and essential sector of the state's economy. Nestled in the heartland of America, this community is composed of a wide array of companies ranging from small family-owned businesses to global corporations, all dedicated to the production and development of plastic products that are integral to daily life and various industries around the world. Indiana has become a hub for plastics manufacturing due to its strategic location, skilled workforce, and supportive business environment. The state's commitment to fostering advancements in materials science, recycling technologies and sustainable manufacturing practices further underscores its role as a leader in the plastics industry. This community not only contributes significantly to Indiana's economic prosperity but also plays a pivotal role in driving innovation and environmental stewardship within the global plastics sector.