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The crash of the global flower trade

bloomberg.com

71–80 of 137 posts

Re: The crash of the global flower trade

#71
post #20

The repercussions of the global economic depression we are entering are going to be long lasting and it’s not going to in any way bounce back in a few months or even a few years. A lot of industries are going to completely collapse.

And a lot of new industries will arise. They already do.

Doesn’t help the people whose livelihoods are wiped out.

Re: The crash of the global flower trade

#72
post #69

It's easier to make stories about businesses than people, but I really think we need more people stories now. Rather than the flower trade having a downturn, what about all the people that planned weddings? A delayed wedding is apparently hardly a disaster, but what does it mean if nobody can get married for a half a year, what happens?

Not much?

I think in most jurisdictions it's possible to get legally married, just not be celebrated in the traditional way.

So wedding celebrations have been delayed by 6 months or a year, well so what?

It's such a small thing to focus on and worry about when almost the whole global economy has been put on pause. There's almost nothing that hasn't been affected, the inability to immediately celebrate in a traditional over-the-top way is of such a minor consequence in comparison.

Re: The crash of the global flower trade

#73

As an aside, I've worked at Flora Holland, the company (a cooperative owned by a hundred and then some growers) that orchestrates a lot of the logistics; the clip in the article with the carts is a small part of their transit halls. They start in the early morning with the flowers and plants coming out of cold storage and auction them off early on; before midday, the halls are quiet and empty again, hundreds if not t…

Why does latency matter? In a dutch auction, latency shouldn't matter at all. You can take bids in advance up to a deadline, or you can do multiple rounds of bidding.

Google ran their IPO as a Dutch auction, and latency didn't matter.

Re: The crash of the global flower trade

#74
post #69

It's easier to make stories about businesses than people, but I really think we need more people stories now. Rather than the flower trade having a downturn, what about all the people that planned weddings? A delayed wedding is apparently hardly a disaster, but what does it mean if nobody can get married for a half a year, what happens?

Does it matter that people can(not) get married? It is just a contract and a festivity. If you plan for something big, and it gets cancelled, that does suck, but all kind of things get/got cancelled. There are much worse problems. People became and become homeless, unemployed, ill.

Re: The crash of the global flower trade

#75
The entire article is a demonstration of white privilege.

Note the detailed descriptions of the planned floral arrangements of wedding and the nuances of the pain and suffering endured by the bride and groom for having to do without.

Only later is some lip service spent on the workers that are paid $70 per month to all make it happen.

Hopefully, the world will never work the same way again.

Re: The crash of the global flower trade

#76
post #69

It's easier to make stories about businesses than people, but I really think we need more people stories now. Rather than the flower trade having a downturn, what about all the people that planned weddings? A delayed wedding is apparently hardly a disaster, but what does it mean if nobody can get married for a half a year, what happens?

Nothing happens. Wedding businesses will lose revenue in 2020. For everyone else it is just a bunch of delayed parties.

In NYS Cuomo issued an Executive Order allowing people to obtain a marriage license remotely and allowing clerks to perform ceremonies via video conference.

Re: The crash of the global flower trade

#77
post #20

Earlier quoted context omitted.

And a lot of new industries will arise. They already do.

Doesn’t help the people whose livelihoods are wiped out.

It may. I have an uncle who would never admit it but when his dairy farm finally went bankrupt he started getting a regular paycheck, vacation for the first time in his life and my cousins couldn't get off the farm fast enough. Sometimes being forced to something new can help people do things they wouldn't try otherwise.

Re: The crash of the global flower trade

#79

Meanwhile in South Africa there are food issues... Why not plant vegetables instead of flowers? Also to note: workers get $70/mo, while all other middle-men involved get more.

> Why not plant vegetables instead of flowers

The world has more than enough food growing to feed everyone.

It's a logistics problem. In this case, when everyone working to pick the plants and distribute the food makes everyone sick, the system fails.

Re: The crash of the global flower trade

#80

Meanwhile in South Africa there are food issues... Why not plant vegetables instead of flowers? Also to note: workers get $70/mo, while all other middle-men involved get more.

I would assume that the market is self correcting.

If there was shortage of food, it's price would be up and farmers would plant food crops.

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