As we wrote just over one year ago, on 1 February 2021, … the general trend of fuel policy is clearly shifting the struggle from how much of the tank is filled with gasoline versus biofuel to a struggle between liquid fuel and alternatives. … Whether the petroleum and biofuels industry align as strange bedfellows under a liquid fuel coalition or not, the trends in alternative vehicles and mileage efficiency moving forward have the same potential adverse consequences for them both. Of course, the primary alternative is electric vehicles. While the U.S. lags behind much of the world in adopting electric vehicles (EV), including China and Europe, growth in the overall number of EVs in the U.S. has been 28 percent since 20...
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.