World Perspectives
livestock

Insights from Consumer Food Spending

This week the Census Bureau released the May 2016 U.S. retail sales data. This marked the 14th consecutive month that food service has outsold the grocery sector as a result of several factors.This week the Census Bureau released the May 2016 U.S. retail sales data. The totals were $54.9 billion for restaurants and $52.5 billion for grocery stores. This marks the 14th consecutive month that food service has outsold the grocery sector, the first time this has occurred in the past 15.5 years. Moreover, May’s spending gap is the widest margin to date at $2.35 billion.The reversal in higher consumer spending on food service versus groceries is likely to be a new long-term trend. One key demographic driver is that the average U.S. household size...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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