Managing Three Risks: Physical, Political and Juridical

摘要

During the last two years, the main view of the cotton trade - as expressed in the home office of many cotton merchants - is that historic and nerve-wracking price volatility has pushed certain classes of buyers into theirfirst step toward default. The lack of consequences attracts a second step, and before you know it, the problem has taken on a life of its own.But if we were looking down from the moon at the global impacts of shrinking regional trade, we might well argue that the larger view must include the tactics of big-box retailers who are forced to react to the sad shape of so many national economies.