Killing the Golden Goose USTR Katherine Tai has been scoring victories against Mexico’s AMLO when it comes to organized labor issues under the USMCA, but it will have a cost. One of the reasons U.S. companies sent their manufacturing to China was lower labor costs. Not only is there now decoupling from China but the Middle Kingdom no longer has low labor costs. Instead, the Economist Intelligence Unit notes that on a labor cost per hour basis, it is Vietnam currently winning the competition for efficient labor, and right behind it is Mexico. Mexican labor has long been part of the key to U.S. agricultural competitiveness. Auto manufacturers have been sending production to Mexico and American unions are pushing collective bargaining i...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.