Starbucks Invests In Future-Proof Coffee: New Farms In Latin America And Beyond To Tackle Climate Challenges
Portfolio Pulse from Akanksha Bakshi
Starbucks is expanding its coffee innovation network by investing in new farms in Guatemala and Costa Rica, with plans for future investments in Africa and Asia. These efforts aim to enhance coffee farming's productivity, profitability, and climate resilience amid climate change challenges.
October 03, 2024 | 12:59 pm
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Starbucks is investing in new coffee farms in Latin America to enhance productivity and climate resilience, with future plans for Africa and Asia. This move aims to address climate change challenges affecting coffee quality and availability.
Starbucks' investment in new farms and research in Latin America, with plans for Africa and Asia, is a strategic move to address climate change challenges affecting coffee. This could enhance its supply chain resilience and improve long-term profitability, positively impacting its stock.
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