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The Crash of the $8.5 Billion Global Flower TradeInstructions: Click here to go to an article published in Bloomberg Businessweek about the crash of the flower economy due to the current world events. Answer the questions below in detail after reading the article (the questions do go in order). How has the coronavirus disrupted the global economy? Provide specific examples either from this article, or from what you have seen on the news (this answer does not have to relate to the floral industry necessarily!).What percentage of the world’s flower exports pass through the Netherlands?How does the traditional Dutch auction system work? The article shows several short videos and photos of the inner workings of the Netherlands flower market. Below is a photo of what the market looks like during a normal year. What differences do you notice? How much did rose prices drop per stem? What percentage down were they from their price the previous year? What country sends 42 cargo flights each week of roses to the auction, and is Europe's biggest supplier? How many people work in those flower farms? How much do they earn normally?Billy Coulson employs 1,200 people at Nini Flowers, and runs 50 greenhouses, exporting 2.2 million stems of roses each week. What costs does he still have to account for, even when people aren’t buying his flowers? Who will suffer the most if greenhouse growers have to shut down? Explain in detail and provide an example from the article. What solutions can you think of to help curb the issue, and to continue providing people with livable wages to support their families? ................
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