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I am amazed at
how resilient some commercial organizations can be in times of
recession. They are aggressive and still meet profitability
parameters, despite setbacks. However, they are large with a
growing portfolio, strong workforce, diverse markets and
accumulated reserves to last during these times.
For us as
small fair trade organizations, survival is of importance. We
did not have to retrench any staff but had to hold salaries for
the year 2009-2010 which was well accepted. Our export sales
were hardest hit from our customers in France, UK and Spain.
Strangely, all our American customers were able to do sustained
levels of business with us. In the domestic market, we felt the
downturn with overall less purchases in all our stores. We have
had to struggle with cash flows, amended budgets and price
negotiations to survive the downtrend, and hope to see 2010-2011
a better year!
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