World Perspectives

Want More Sales? Try Owning a Restaurant

The U.S. Census Bureau’s monthly advance retail sales report, released Tuesday, suggests that owning a restaurant is likely to be a sales-boosting endeavor in 2019. Okay, it didn’t really say that, but the report holds some interesting insights for the food and agribusiness industries (as well as restaurants). The first notable point in the report was that April’s total retail sales figure was up 3 percent versus the same period in 2018. The overall robust growth in retail sales suggests the backbone of the U.S. economy, consumer spending, is healthy and should support economic expansion. One reason consumer spending should remain healthy going forward is that the labor market continues to tighten. The number of job ope...

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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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