The Consumer and Industrial Products & Services (CIPS) consists of the following industry sectors: Automotive and Energy; Chemicals, Pharma. and Other Industrial Products; and Retail & Consumer Products and Services.
Automotive and Energy
The global automotive industry is famed for its intense competition, which extends from parts suppliers to automotive manufacturers to the end retailers. In addition to such business pressures, the industry must also face issues such as ever-stricter environmental regulations, supply chain management, and pricing pressures. Similarly, today’s energy industry, which encompasses oil, gas, and utilities sectors, must contend with issues including growth strategies, environmental regulations, social responsibility, and compliance risks.
PricewaterhouseCoopers Aarata’s Automotive and Energy sector does more than merely provide international standard auditing services such as an audit of internal control in accordance with Section 404 of the U.S. Sarbanes-Oxley Act. It also makes full use of the PricewaterhouseCoopers global network to address these issues and to solve client problems, offering advice on external reporting structures for environmental reports and working to establish an effective compliance framework.
Chemicals, Pharma. and Other Industrial Products
Chemical, pharmaceutical and other industrial product industries make a substantial contribution to improving our everyday lives and have consistently achieved strong growth. Nevertheless, these industries are also faced with a number of challenges. Global market reorganisation is continuing as a means of increasing the efficiency of development, sales, and other business processes in relation to new drugs and other products, while companies are also being required to restructure and focus their business operations in order to survive.
Professionals in PricewaterhouseCoopers Aarata’s Chemical, Pharma. and Other Industrial Products division possess comprehensive knowledge of each individual industry, allowing for the provision of high quality auditing that is consistent with international auditing standards. In addition, these professionals work seamlessly to support the services provided to clients by other PricewaterhouseCoopers offerings to address issues including business restructuring and reform efforts.
Retail & Consumer Products and Services
Retail and consumer product and service companies are constrained in their ability to grow and maintain profit margins as a result of saturated markets, population decline and more discerning but less loyal consumers. There are also the immediate concerns of growing competitive pressures, an increase in the number of alternative sales channels, and a blurring of roles between suppliers and retailers. The Japanese market in particular has seen competition intensify and a shift in the balance of power towards the retailers. Companies operating in this type of mature business environment are being forced to consider strict business reforms in order to secure future profits.
PricewaterhouseCoopers Aarata’s Retail & Consumer Products and Services division provides auditing services based on the most advanced risk-based approach. In addition, it offers advice on the various operational improvements that are being required of retail and consumer product companies, including establishing a corporate governance structure, accelerating the preparation of consolidated financial statements and other financial reporting structure reforms, and brand management.
