U.S. President Joe Biden's departing economic adviser, Brian Deese, said this morning that food prices are still too high and that it remains an area where more “progress” is needed. That of course opens the question of what this White House perceives as the cause for high food prices, and its preferred source of progress? If it involves more of its earlier attacks on agribusiness, it will merely be a feint to imply a business failure and consequently a government solution. For example, adding a few government subsidized artisanal meat packers with inherently higher resulting prices is not an answer. In fact, processor costs are rising due to factors that policymakers caused, such as inflated energy and labor costs. Add to that...
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.