This is a preview of one of the articles in the new KROST Quarterly Manufacturing Issue, titled “Innovation, Positivity, and Evolution: How Three Businesses are Navigating the Pandemic” with Serrano Industries, Inc., Drop Labs & LumaForge.
For insight into how manufacturers and businesses that rely heavily upon supply chains have been impacted by COVID-19, we connected with a few of our clients to hear about their experiences over the last several months. We interviewed Bobby Serrano of Serrano Industries, Inc., a locally owned and operated computer numerical control (CNC) machine shop that produces products for defense, aerospace, and space programs; Chris Long of Drop Labs, a shoe company that relies heavily on an international supply chain, to produce a unique Bluetooth-enabled shoe that delivers ground vibration sensations; and Richard Bergrin of LumaForge, a supplier of custom computer servers that relies on American supply chains for their parts and assembly.
From shutdowns and furloughs to innovations and opportunities, here is what we learned.
Dealing with COVID-19
Not surprisingly, our clients experienced a range of financial and sometimes emotional blows during the government-mandated shutdowns because of the pandemic. LumaForge’s customer pipeline has been in a state of hibernation, as many businesses put off buying servers and cut expenses. Serrano Industries has pushed orders out to 2021-2022… Continue here »
Learn more about Serrano Industries, Inc. »
Learn more about LumaForge »
Learn more about KROST’s Manufacturing Industry Services »
KROST Quarterly is a digital publication that highlights some of the hot topics in the accounting and finance industry. Volume 3, Issue 2 highlights some of the hot topics in manufacturing, including accounting for PPP, transfer pricing, Foreign-Derived Intangible Income (FDII), R&D tax credits, and more.