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Coffee processors in the United States, the world’s largest consumer of the beverage, report significant increases in the costs of their operations, primarily related to transportation, and plan to increase retail prices soon.
Medium and small roasters, especially specialty coffee companies, have been hit the hardest, company executives said, but even larger companies like Peet’s and JM Smucker Co say ‘they face higher costs.
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Other US industries are also facing shipping inflation. Business intelligence provider S&P Global Platts reported that freight could have added nearly $ 10 billion to business costs on inbound routes to the United States during the fourth …
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