Covid Recovery About one-tenth of American workers have lost their jobs including at least 475,000 in New York City alone. Some believe the actual number is now up to 13 percent of workers. According to Priceonomics and Snagajob, employment in hospitality, entertainment and restaurants have fallen dramatically, while jobs in grocery retail and especially warehousing and logistics are up. Before specialization and unemployment compensation, the displacement of labor in some sectors at the same time there is increased demand in others would have resulted in a labor shift to fill the vacuum. As a basic necessity, the demand for food is unlikely to see any permanent changes but the current labor shortages will do what they have always done &nd...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.