You can get coffee almost anywhere, and where you get it influences how much you expect to pay. Grab a 64oz Big Gulp of coffee at a gas station and you might pay 69 cents. Pick up a 24oz coffee at a fast food chain and you might pay 99 cents. Sip on a 16oz coffee from a specialty chain and that’ll set you back a little over $2.
The coffee industry is an $30-32 billion dollar a year industry. Increasing at an average rate of 20% per year, specialty coffee along makes up almost 10% of the market. Coffee statistics show that among coffee drinkers the average consumption in the United States is 3.1 cups of coffee per day.
· For coffee producers, this is understandably a major concern. But the focus on sustainability often starts at origin, meaning that there is more pressure than ever on farmers to grow sustainable coffee. This also represents a cost in many cases – …
· Like the coffee industry itself, the NCA is a little loose regarding what precisely defines “specialty coffee” for the purposes of the report, which involved surveys with a nationally representative sample of more than 1,500 adults of various ages and ethnicities. The paper defines specialty coffee as “any espresso-based beverage (lattes …
· According to the Qianzhan Industry Research Institute, China’s coffee market is set to surpass 300 billion yuan ($46 billion) by 2023, a 30% increase from 2020. Amid the coffee frenzy comes Manner, a local Chinese brand hoping to stay afloat in an ocean of foreign megastars like Starbucks, McDonalds, and Tim Hortons.
· In December alone, coffee exported amounted to 422,922 60-kilo bags worth $37.78m. The improved performance was attributed to an increase in production driven by newly planted coffee trees and …
· Valued at $13.9 bn by Interbrand in 2020, Nescafe is the market leader in instant coffee and the 4th most valuable beverage brand globally. It has over 5,000 products and is available in over 180 countries, with 5,500 cups consumed every second. Much of its credit goes to Nescafe’s marketing strategy that includes inspirational advertising strategy, range of …
· To put it simply, a supplier partnership is any kind of agreed business relationship between a supplier of goods and a buyer, generally in a business-to-business (B2B) context. This can take many forms, but for coffee shops, it often means partnering with a roaster. The partnership itself generally concerns the supply of roasted coffee, but it …
· Make sure that everything is in place before the coffee shop opens for the day. In restaurants, this process is known as “mise en place”, a French culinary term used to describe the preparation of equipment and ingredients before cooking. Fundamentally, the more organised your coffee shop is, the faster you will be able to work.
· Zuckerberg is No. 5 with a net worth of $101 billion. Buffett has donated billions of dollars to philanthropic causes, and in 2006, pledged …
· When it was expanded in 2003, shares were worth $900. In 2018, they were worth around $10,000, and last year that number was cited as $14,000 per share. Inc reported “many” workers get to …
· This is a question that is quite common among both Tesla owners and non-Tesla owners who intend to become Tesla owners: “Should I charge my Tesla to 70%, 80%, 90%, 100%?” Having owned Teslas in
