Macroeconomics Food Costs See Another Big Jump in August Food prices across China rose by 6.1 percent last month, marking the second straight increase of more than 6 percent from prices a year ago. The uptick in July and August are the two strongest surges in the past 22 months. Ongoing pandemic lockdowns, high energy prices, and surging agricultural commodity costs have all contributed to the about-face in the cost food over the summer. August’s figures also marked the fifth consecutive month that the average price for food was up from a year ago. Leading the way was the cost of pork, which saw strong gains last month and rose by 22.4 percent compared to August 2021. It was followed by the prices for fresh fruit, cooking oil, fres...
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.