In the News:
On June 30, 2014 Daily Coffee News reported about how climate may have serious negative effects on the coffee industry in the future. In the article, Hivos, and international development organization suggests that if leaders of the coffee industry do not take account for the impending climate changes, they will not be able to meet the growing demand by the year 2020.
This idea was also presented at the “Sustainable Coffee Conference” on July 3, 2014 in Amsterdam.
In particular the report focuses on some of the leading coffee producing countries: Brazil, Vietnam, Honduras, Uganda, etc. Hivos suggests that coffee demand will rise up to 15% by 2020; however at this rate these leading countries in the coffee industry will be held back by the changing climate (if they do nothing). The article suggests that the countries should begin actively preparing for climate change immediately to ensure success in the future.
What does this mean for those in the coffee industry?
This means that there now exsists yet another factor that has been added to the list of what we are focused on here at Global Minds. This recent article sheds light on the fact that an investment in a company that is not accounting for future climate changes (as soon as 2020) could in fact be a bad investment. At Global Minds we are not bound to a static list of what makes a good coffee industry. Things are constantly changing that can positively or negatively affect this industry and we are devoted to keep up to date, so that our clients are always guided in the right direction.