Economic Chemistry Power The major powers (Europe, Russia, U.S. and China) have long used their dominant economic influence to coerce other nations into compliant policies. The U.S. has added labor and environment positions to its trade pacts ever since NAFTA in 1994. In its most recent trade agreement, Europe nominally committed Mercosur members to compliance with the Paris climate accord and limits on deforestation. However, Europe’s latest plan to impose chemical-free farming on other nations has drawn the ire of 15 major food-exporting countries. They are complaining at the WTO that the EU’s “hazard”-based approach is violative of the science-based risk assessments agreed in international fora and is more trade...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.