The global coffee trade witnessed a remarkable shift in 2023 as Chinese imports of Brazilian coffee tripled within a year. This has set the stage for Chinese coffee chain Luckin Coffee recently entering a MoU with the Brazilian government. This is a strategic partnership that will help consolidate market power for both countries.| Coffee Intelligence
Starbucks just reported it has drastically cut its full-year revenue growth forecast. The iconic US coffee chain's shares have plunged by 16%, with key market declines in the US and China. Fierce competition in both markets will make it hard for Starbucks to recover without a significant pivot.| Coffee Intelligence