Data Intelligence for the coffee industry
London, 14 July 2017 ─ The Executive Director of the ICO, Mr José Sette, gave a speech in the opening ceremony of the 1st World Coffee Producers Forum (Medellin, Colombia from 10 to 12 July 2017). Mr Sette stressed that the main challenge faced by the world coffee sector is the achievement of sustainability. In order to address this, a healthy
Driving into London last week we spotted what is a common sight. The Golden Arches of McDonald’s were shining brightly over a building site. The A40 at Acton it seems has a new fast food restaurant. The very first thing they did was to put up the sign. You see McDonald’s understand the importance of their sign, which is why
According to ICO , market weakens further due to high exports and increasing inventory levels. In March 2017, the ICO composite indicator price fell slightly. While Robustas remained broadly stable, Arabica prices were under pressure. The monthly average of the composite indicator was down by 2.6% to 134.07 US cents/lb in March from 137.68 US cents/lb recorded in February. The
The International Coffee Council met in London at the headquarters of the International Coffee Organization from 13 to 17 March 2017 and decided by consensus to appoint Mr José Dauster Sette as Executive Director of the International Coffee Organization for a five-year term.
With the growing number of coffee shops in the UK (and globally) there has also been a rise in associated waste products too: it is estimated that over 500,000 tonnes of coffee waste is produced in the UK every year, which not only leads to high disposal costs, but also millions of tonnes of CO2 and methane. However, there are some companies which are making efforts to shift the coffee industry to a more circular system with its waste than a linear one.
“These black, sodden remains of pulverized coffee seeds have inspired the freshly caffeinated imaginations of scientists, entrepreneurs and social innovators form Melbourne to London to Seoul, sprouting into ideas of real consequence for the coffee industry” [Sign in to continue]
On Wednesday 13th July, Starbucks Corporation announced a financial investment and global licensing deal with Princi, the renowned Italian boutique bakery and café. Starbucks, Milan-based Angel Lab and Pekepan Investments, will focus on expanding the number of standalone Princi locations worldwide. In 2017 the corporation will open the first store in Seattle, and then they will open in Shanghai and
In Ethiopia, Arabica coffee beans are now subject to a new tagging scheme. They must be packed into a sacks marked with barcodes that tell to global buyers exactly where the beans are from. Through this tagging scheme farmers can develop more expertise and increase the value of their product before it comes to market. According to Ermias Eshetu, chief executive of the Ethiopia
According to a recent survey by CoffeeBI, customers’ main criteria when making an espresso machine purchasing decision was “price”, the “ability to provide technical assistance” and the “front staff professionalism”. These three items received a higher score among the 10 that were put to the vote among manufacturers. Other main criteria listed were the “punctuality in delivering”, as well as
OTTAWA – Tim Hortons coffee chain has greatly influenced coffee drinking culture in Canada. With nearly all streets having at least one Tim Hortons’ coffee shop which has ultimately changed Toronto into a coffee drinking city. With virtually over 80 per cent of all coffee lovers in Toronto choosing Tim Hortons for reasons ranging from low prizes compared to other cozy coffee chains to the
MILAN – Starbucks has officially announced that they will open in Milan in 2017 in collaboration with Percassi. Although only three stores are confirmed (Milan, Verona, and Venice), it is also likely for the shop to open in Rome and Naples. Howard Schultz, Starbucks chief executive, has always told that the history of the Starbucks was inspired from how Italians create their