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Assume that you are at the end of May 2019. Suppose among the headlines in Edmonton Journal at the end of May 2019 are:
- “Crude oil (WTI) price decreased by 50% since January 1, 2019”
- “Exiting Alberta - Number of workers leaving Alberta expected to reach 25,000 in 2019”
- “Bank of Canada suggests lowering interest rates again”
Discuss how these three hypothetical developments mentioned above in May 2019 could impact inventory management of a major retailer operating in Edmonton, AB. Be specific in discussing:
a. Individual impacts of the three events respectively on inventory management
b. Collective and combined impact of the three events on inventory management
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