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ALL of a sudden, one product starts scaling and you begin to imagine what might actually be going on. First, we have to lay the foundation of what a market is; a place where buyers and sellers meet. We are not going to delve into the financial markets where we have two sets of people pulling the ropes at both ends. There are always factors behind up and down trends; manipulations, natural disasters or humanly caused factors.
Coming home, let's look at a demand and supply chain as concerning a general day to day business. In the dry season, over here, the sachet cold water business becomes very lucrative for hawkers.
It in turns pushes more sachet water production from the factory and you can assume this season is their peak profit season.
Looking away from that, how about a situation where the economy is dwindling due to mismanagement. This is where we are going to pitch our tent. Every is looking for ‘forgone alternatives’. I never really knew the efficacy of these words until I delved into the entrepreneurial ship. Secondly, we have seen an economy that has shifted cost drastically so yes, playing smart is very needful.
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Ok, someone was asking why eggs are NOW in high demand. Without doubt, it has become a hot cake in our environment or nation as a whole. Even the middlemanship competition is high. So what so; cost and nutrition. This is where the whole demand and supply chain hangs.
Egg is a good source of protein and well, even at N200 each at retail price, we can call it cheap. Just consider how much meat you will need to bring down a good pot of stew or even fish. Or maybe we can look at how to prepare a quick breakfast that fits into your children’s school launch box daily to school. Punch that calculator smartly and you will understand the current high demands.
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In short, another product I am not surprised will be selling is noodles as it is a good pair with egg for quick and less expensive breakfast. parents have found this out and during school seasons especially as we are in, it becomes a daily recipe. I have someone doing a wholesale business and it is very lucrative.
The only challenge currently is how to have that steady supply. This is how grounds can shift to your favor. When others complain about a bad economy, those who can think fast enough to solve problems always stay in profit.
To conclude, let me add, that is business and market for you, all of a sudden, a supply chain can switch to your favor. As I earlier said, business is all about vision and well, daring dangerous waters when others are neglect a pending fortune. The take home; whatever happens in the global market has those it favors.
This is an article covered by dani-EL; a broad niche writer. I write on faith, life facts and daily living, business and economics, small scale and daily businessing, cryptocurrency and technology. And yes, I do cover articles on financial education and investment updates. And note, if I happen to be a financial adviser to you, the TOP financial advice should be ‘DYOR’ (Do Your Own Research), I can't afford to break your heart
