Starbucks is taking significant steps to secure its coffee supply against climate change by acquiring two innovation farms in Central America. Located in Costa Rica and Guatemala, these farms will focus on developing hybrid coffee varieties that can withstand changing environmental conditions. The Costa Rica farm will also experiment with drones and automation to tackle labor shortages in the region. This move is part of a broader strategy to create an innovation network across major coffee-growing areas worldwide.
• Starbucks is investing in its supply chain as climate change threatens coffee production.
• The company sources 3% of the world's coffee, primarily Arabica beans, which are sensitive to heat.
• Rising temperatures and droughts have already impacted coffee yields, pushing prices higher.
• Starbucks aims for carbon-neutral green coffee by 2030 and has distributed millions of climate-resistant coffee trees to farmers.
This initiative is crucial for Starbucks as it faces increasing global coffee demand. By investing in research and development, the company aims to ensure a stable supply of quality coffee while supporting farmers in adapting to a changing climate. The future of coffee production depends on innovation and sustainable practices, making this a vital step for both the company and the industry.
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