The work even better for staple items like bread.
Just ask Zimbabwe and the two bread executives who were put in prison for raising prices without government approval.
Mudumo’s organization said many smaller bakeries had already gone out of business and warned that bread would likely disappear from the shelves altogether in coming months if prices were not increased — with the loss of thousands of jobs as more bakers shut down.
Bakers battled to trim production costs by phasing out printed packaging with their brand names, finding inferior ingredients, blending flour with corn meal and shutting down slicing machines, it said.
Zimbabwe, if you recall, is the country who’s $500 bill is worth the same as a sheet of toilet paper.
Wha Says:
Corruption, no, not in an African state. Seriously, I could make bread at an affordable rate with a couple stones, grain and some fire. Last time I checked, this is one of the few foods of the human race that, in it’s most basic form, has changed little to none in the past 2500 years.
Come on Supply Chain Man, the country’s economy is defined by hyper inflation. Even the grain and fire cost a shitload.