'African Cocoa Plants Run Out Of Beans As Global Chocolate Crisis Deepens'
Portfolio Pulse from Benzinga Newsdesk
The global chocolate crisis is worsening as African cocoa plants report running out of beans, according to Reuters News. This situation could potentially impact major chocolate manufacturers and their supply chains.
March 13, 2024 | 4:04 pm
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Hershey's may face supply chain disruptions and increased costs due to the cocoa bean shortage in Africa.
As a major chocolate manufacturer, Hershey's relies on a steady supply of cocoa beans. The shortage in Africa, a key supplier, could lead to disruptions in Hershey's production and potentially increase the cost of goods sold due to higher cocoa prices.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Mondelez International could experience operational challenges and potential revenue impacts from the cocoa shortage.
Mondelez International, another leading chocolate producer, faces similar risks as Hershey's due to the cocoa bean shortage in Africa. This could lead to increased production costs and challenges in meeting demand, potentially affecting the company's revenues.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80