In a work-from-home world, hitting the local cafe for a daily caffeine fix has become a ritual of the now-forgotten past. And no matter how much kitchen brewing consumers take up, that just can’t seem to make up for the demand blow.
Global coffee consumption is set to fall this year for the first time since 2011, the U.S. Department of Agriculture predicts. That’s even with a huge surge in bean buying at the grocery store amid pantry loading. Shutdowns for cafes and restaurants — which typically account for about 25% of demand — were overwhelming, and it could […]
Consumers have shown they’re hesitant to dine out in droves again as economies reopen. Coffee shops, which often depend on morning commuters and afternoon breakers, have been especially hard hit. Dunkin’ Brands Group Inc. has lost much of its breakfast crowd during the coronavirus pandemic, while Starbucks Corp. is retooling its model, rolling out a “pickup” store format that doesn’t have any of the tables and chairs that traditionally made its cafes a popular hang-out spot.
Brazil’s Suplicy Cafes Especiais, one of the country’s largest cafe chains, was forced to postpone payments to farmers for cargoes that had already been delivered. Meanwhile, orders for new supplies will resume only gradually, Chief Executive Officer Felipe Braga said in a telephone interview.
The Dalgona coffee sensation — a fluffy, whipped beverage made from instant coffee that was popularized on social media — shows that consumers are trying to recreate the fun cafe experience at home instead. That could end up helping to rescue prices of robusta beans, used in instant varieties, to the determinate of pricier arabica.