Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA COMMENTS Egypt’s Cairo Poultry has reported a 20.7 percent drop in profits for 2019. Total sales of Cairo Poultry also dropped by about 3.8 percent. The Grand Renaissance Dam on the Nile in Ethiopia is a major source of disagreement between Egypt, Sudan and Ethiopia. Ethiopia refused to attend a late February meeting in Washington to discuss the situation and attempt to reach a final agreement. Egypt and Sudan are very concerned the dam on the Blue Nile will affect 85 percent of the water supply to the Nile, and Egypt depends on the Nile River for 90 percent of its water supply. Egypt’s crops and population are totally dependent on the Nile. The U.S. is acting as a...
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.
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...