Coffee processors in the United States, the world s largest consumer of the beverage, are reporting significant cost increases in their operations, mostly related to transportation, and expect to raise retail prices soon.
Mid-sized and smaller roasters, particularly specialty coffee companies, have been hit hardest, company executives said, but even larger companies such as Peet s and JM Smucker Co say they are coping with higher costs.
Other U.S. business sectors also face shipping inflation. Market intelligence provider S&P Global Platts reported that freight may have added nearly $10 billion to corporate costs on U.S. inbound routes in the fourth quarter of 2020, a bill that could grow.
Coffee processors in the United States, the world’s largest consumer of the beverage, are reporting significant cost increases in their operations, mostly related to transportation, and expect to raise retail prices soon.
American Business Bank : U S coffee roasters weigh price increases, cite shipping inflation marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
U S coffee roasters weigh price increases, cite shipping inflation metro.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metro.us Daily Mail and Mail on Sunday newspapers.