Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Bad weather in Egypt has closed four ports on the Red Sea and two on the Mediterranean. Very strong winds are reportedly causing docking and visibility difficulties due to sand and dust storms. Egypt normally experiences strong khamaseen winds from February to March, but they seem to be a bit early this year. Khamaseen refers to the number 50 in Arabic as the winds are common for about 50 days during Egypt’s spring. Turkey also suffered from bad weather, and the Bosporus Strait was closed over the weekend for safety reasons. This has delayed grain shipments from the Black Sea for a few days. Pakistan’s tender to export 100,000 MT of bagged wheat is said to have attracted at...
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.