Since the embargo and economic isolation have failed, it seems like a good time to try economic engagement instead, especially given that there will be some kind of governmental change in Cuba in the foreseeable future.In January 1960, we flew to Havana to meet with the manager of the Santiago, Cuba flour mill at his request. Ever since the Castro government took over in early 1959, he was having increasing difficulty in arranging payment in U.S. dollars for the U.S. wheat imports used by the mill and wanted to discuss the situation. We stayed in the Havana Hilton, an 800-room hotel located on the beach at Miramar, which had an occupancy rate of about 10 percent at that time after the revolution had destroyed the usual tourism. The dealers...
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
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.