Your Coffee’s Costing More
My daily coffee has been steadily increasing in cost in recent years (even if I brew it at home).
As climate events such as droughts continue to wreak havoc on production of arabica beans in Brazil and Vietnam, even instant coffee is now being affected.
The price of Robusta beans, which are used to produce instant coffee, are at its highest since the 1970’s.
Maybe it’s time to drink more tea?
Want to know how climate events such as droughts affect commodity prices such as coffee beans? See this.
Investment in US Manufacturing at Highest in 100 Years
As businesses started diversifying their supply chains away from Asia in the last few years due to COVID and supply chain volatility, the US is seeing the highest amount of investment in domestic manufacturing in over a century.
