Macroeconomics Food Prices See Biggest Surge in Nearly Two Years The lasting impact of the spring coronavirus lockdowns in major coastal cities coupled with a rebound in pork prices sent the cost of food soaring by 6.3 percent in July. That marked the fourth consecutive month of increases. While daily life has largely returned to normal in the coastal cities, emergent hotspots in inland cities like Wuhan or the recent isolation of 80,000 tourists in the popular vacation spot of Hainan, an island in South China Sea, demonstrate that market disruptions due to a questionable public health response will continue to have economic repercussions for the country. For consumers, the surge in food costs was the largest since September 2020 with por...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.