Tuesday, June 26, 2007

Time to diversify your stash

Economist.com has published "Highs and Lows: An alternative annual report on the drug industry," and it looks likes sales are down for fiscal year 2007!

"As troubling for the industry, many consumers in the extremely important American market are turning up their noses at cocaine. By 2005 cocaine use in America was down to 2.3% of the general population, more than 50% lower than the rate two decades ago."

Supply chain problems are increasing as regulatory agencies tighten their grip on industries across the board. Soon, organizations may need to diversify their holdings in order to turn a profit. Market analysis indicates that, "other forms of contraband such as cigarettes, pharmaceutical drugs, endangered animals, or human slaves," are ripe for diversification by firms with established infrastructure and competitive advantage.

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