by
Tom Moore on Aug 15, 2023 10:32:00 AM
Diageo, which makes Johnnie Walker, has successfully reduced damage and eliminated a lot of packaging waste (141 million boxes) by unboxing its product. This move not only supports sustainability but also significantly lowers transportation costs and environmental impact.
Oil prices continue to rise:
Saudi will continue its 1 million barrels/day into September and potentially beyond.
US inventories are down.
Fears of a US recession are mostly gone — i.e. oil production will stay high. This ongoing production stability, coupled with the recovering global economy, suggests sustained pressure on oil prices for the foreseeable future, impacting industries worldwide.
Watch Tom's Diageo video
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