At the Starbucks Center in Seattle, Washington, a sign outside the headquarters catches the eye of passersby on July 3, 2024.
Photographed by David Ryder | Getty Images
Over ten years ago, Starbucks made its first foray into coffee farming with a purchase in Costa Rica. Today, the renowned coffee company has expanded its agricultural ventures with acquisitions in both Costa Rica and Guatemala.
In an effort to safeguard its coffee supply from the impacts of climate change, Starbucks has recently invested in new farms. The company’s decision comes as rising temperatures and erratic weather patterns have taken a toll on global coffee production. With 3% of the world’s coffee passing through its hands, Starbucks faces challenges securing high-quality Arabica beans
The consequences of these challenges are evident in consumer prices which have surged by 18% over five years as reported by the Bureau of Labor Statistics. As climate-related issues continue to disrupt traditional supply chains, Starbucks remains committed to innovation and sustainability.
2024-10-03 05:00:01
Link from www.cnbc.com
