Question: Pressure is mounting on Nutrien Ltd to decrease costs. One of the problems is the resources of raw materials (eg. natural gas, water, phosphate, nitrogen)

Pressure is mounting on Nutrien Ltd to decrease costs. One of the problems is the resources of raw materials (eg. natural gas, water, phosphate, nitrogen) are becoming scarcer. Therefore, suppliers have the higher bargaining power to demand higher prices for their products. Provide two realistic alternatives that they can implement to lower the COGS. Thoroughly explain.

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