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So we manage that extremely closely and we’re very confident that we manage that by channel and by partner and we’ve got our eyes on that every day. ——————————————————————————– Michael Clarke, Treasury Wine Estates – MD and CEO [22] ——————————————————————————– And I think the final point that I’d make, Larry, is that scale is a key thing here, but not chasing volume for volume’s sake. But as our partners have the ability to build their scale of their business with us, and then don’t forget we’ve got the US portfolio coming through next, that allows them to be far more efficient in how they operate. ——————————————————————————– Larry Gandler, Credit Suisse – Analyst [23] ——————————————————————————– Yes, okay, that’s good. And can I ask one last question about that US portfolio? In my conversations with retailers and wholesalers in China, shiraz is gold, Barossa is gold, Penfolds is gold, Wolf Blass as well, but not Napa and Californian wine; it’s a hard sell. Would you agree with that observation and what are you guys doing to I guess execute on this opportunity that you see? ——————————————————————————– Michael Clarke, Treasury Wine Estates – MD and CEO [24] ——————————————————————————– I think it’s important to think about this as a series of revenue streams that are profitable over time that we are investing in, and sometimes you can get easy yards and sometimes it’s a little bit more difficult and you have to build that revenue stream. As you know, Larry, from the discussions that we’ve had, we don’t fear hard work, which is why we took on a lot of the distribution ourselves, like the key account management for example, and we have no problem working on building and enhancing new categories in the China market. And the analogy that I’d use, just to use a simple logic just to make it sound simpler, because you will get where I’m going, you’ve got Chinese consumers who drive Japanese cars, they drive European cars, they also drive American cars, and they’ve got used to driving those different brands and those different country of origin cars over a period of time.

For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/edited-transcript-twe-ax-earnings-045253976.html

job hunting

job hunting

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The two-day hunt, the first in the state in two decades, resulted in 304 bears being killed. Bear-resistant containers cost more than standard trash and recycling bins. http://carterriveraspace.rachelstevens.us/2016/07/27/however-oil-resources-began-dwindling-within-this-country-and-now-the-countrys-focus-is-on-businessA traditional 95-gallon container may sell for around $60, while a more-durable similarly sized container with a bear-resistant lid is marketed around $200. To reduce the cost of bear-resistant containers to Floridians, the agency secured $825,000 this year from the Legislature. But most of the money requires local governments within areas high in human-bear conflicts to match the state funds and to approve ordinances regarding the maintenance of residential and business trash. http://www.buffalos-rufc.com/bestlucyholmes/2016/08/03/options-for-logical-vocation-programsYablonski said the agreement with Waste Pro hopefully will spur counties and municipal governments to meet the state funding criteria. In the (state) budget there is proviso language that says priority funding goes to those who pass the ordinance, Yablonski said. So far, only Seminole and Lake counties have approved the BearWise ordinances. The trash containers are just one step being undertaken to reduce human-bear conflicts, said Thomas Eason, director of the commissions habitat and species conservation division. No one thing is going to solve it, but multiple individual things are necessary to come together, Eason said. Most are non-lethal, such as relocating bears that are found encroaching on human residential areas and educating people living near bear habitats to not leave food outdoors and to keep trash indoors until garbage collection days.

For the original version including any supplementary images or video, visit http://miami.cbslocal.com/2016/08/17/trash-program-could-close-lid-on-hungry-bears/

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