Would You Rather Barter?

February 15th, 2021

Recently I learned that the old way of obtaining goods, bartering.........

 

Today’s blog is by Margaret Stewart, Director of HR and Administration at SafeSourcing Inc.

Recently I learned that the old way of obtaining goods, bartering, which pre dates many currencies you can see around now, is still around and for a very good reason. Bartering is what many people used to obtain goods or services when they did not have money or currency to pay for a good or service. It involved offering a different good or service in exchange. For example, a bread maker may offer breads to a butcher in exchange for a supply of meat or perhaps someone would do some amount of farm work for someone in exchange for room and board. This barter system is still in place today in at least one industry and the reason behind it is an interesting one having to do with poaching and furs.

The Zoo industry is an often loved, but also controversial industry. While every day, many people visit zoos to see, explore, and learn more about the animals we wouldn’t be able to see otherwise. And often these animals are obtained in a unique way. Many years ago, the fur trade and the zoo industry led to greater poaching and animal hunting, especially for endangered animals. Because people wanted zoos to preserve the lives of wild animals and discourage poaching and illegal captures and selling of animals, many countries agreed to only allow zoos to barter for their animals.

This barter system to zoos meant that they could not buy any of the animals that they house. This would directly affect those that were looking to profit from trapping rare and large animals by no longer allowing any cash payments. Instead, zoos could trade animals with other zoos. Ultimately, some animals are more easily obtained and so some animals have been used to help with the bartering. For example, one zoo in the United Kingdom primarily trades jellyfish for other animals within its zoo and aquarium.

While bartering may work for zoos and be a deterrent for those who wish to profit at the expense of animals, most of us would struggle doing business this way. Outside of the neighborhood gestures of trading baked goods or soup for help with shoveling snow or mowing a lawn, business must operate on a buy and sell agreement. If your organization falls into this category, which likely does if you aren’t a zoo, then you can use the tools and experience SafeSourcing offers to help you find the right organization to do business with, find the right product or service to fit your need, and know that you are getting a good and fair price for those goods and services.

For more information on how SafeSourcing can help with your procurement needs or on our

Risk Free trial program, please contact a SafeSourcing Customer Service RepresentativeWe have an entire team ready to assist you today.

 

 

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