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Fire in storage area leads to increase in prices

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Reference no: EM133047079

According to this news, what kind of plan would you make and what kind of solution did you come up with.

How does this news affect your company?

Will the fire in the warehouse area cause the prices to increase?

Case News: Fire in storage area leads to increase in prices.

Last night, a fire burned down a large storage area in our country in which a large amount of inventory was stored. The fire department suspects that someone committed arson.

Mr. Fortnoks, importer and owner of the storage area, is staggered. The storage area was believed to be fireproof, but as some vandals have successfully set fire to it, he has been forced to introduce extra safety measures. He expects that this investment will affect the purchasing price he charges to companies for the goods he imports, nothing that "Provisionally, the prices will increase by 30%."

Reference no: EM133047079

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