World Perspectives

Borscht Belt Economics

Borscht is considered comfort food in Russia and the cost to make it is reportedly rising. Bloomberg reports that since the start of the war, the cost of cabbage is up 16 percent and onion prices have risen by 18 percent. Based on FAO data, Russia produces 39.6 pounds per capita of cabbage but is the world’s largest consumer, eating 44 pounds per person. Ukraine is by far the world’s largest producer of cabbage, growing 88 pounds per capita each year and likely the main supplier to Russia. Borscht is getting more expensive in Russia because it is bombing a key supplier.  There is even a fight over the national origin of the stew. Russia’s Ministry of Foreign Affairs tweeted: “A timeless classic, #Borsch is one...

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Black Sea Regional Analysis

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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.

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