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2024 Outlook: Restaurant Trends and Challenges, Part One

Modern Restaurant Management

In the context of 2024, we anticipate the cultivated meat industry expanding its horizons by forging more meaningful partnerships with a diverse array of stakeholders, such as governments, large industrial and agricultural players, NGOs, academia, and investors. General liability claims are not likely to fade any time soon, either.

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The Great Shortage

EATER

We live in a world that, for a lot of reasons, has become very globally interconnected,” says Trey Malone, an agricultural and food economist, and an assistant professor in Michigan State University’s College of Agricultural and Natural Resources. They’ve raised prices, and their minimum is now higher than it used to be.

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Coffee News Recap, 9 Jun: WAC announces dates for world final in Australia, two Geshas receive over 96 points at BoP & other stories

Perfect Daily Grind

The company has offered around 3,000 coffee farmers in the Ivory Coast, Indonesia, and Mexico conditional cash incentives to encourage them to transition to regenerative agricultural practices. The report found that coffee producers are gradually adopting more regenerative agricultural practices, which is helping to improve yields.

2023 115
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Coffee News Recap, 16 Sep: Brazilian coffee export revenue up by 61.4% in 2022, EU votes in favour of anti-deforestation law & other stories

Perfect Daily Grind

The increase in revenue is attributed to higher prices and more favourable exchange rates against the US dollar. The specialty coffee chain co-designed a range of merchandise with streetwear brand Ageless Galaxy, including t-shirts, pins, and stickers. billion between January to August this year.

2022 139
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Coffee News Recap, 6 Jan: Vietnam’s annual coffee exports grew by 10% in 2022, PRF El Salvador to host Global Roasting Contest and Cold Brew Championship & other stories

Perfect Daily Grind

Workshops at the two-day forum will include The basics of price risk management by StoneX’s Albert Scalla, The influence of temperature on coffee extraction by Rancilio Group DE’s Nicole Battefeld-Montgomery, and more. In its latest report, the ICO states prices fluctuated between US 151.95 totalling over US $1,719.

2022 137
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Entering China’s Emerging Coffee Market

Perfect Daily Grind

As they’re increasingly willing to pay higher prices for higher quality, many local roasters and coffee shops have started to take advantage of this. It’s a joint venture with the Louis Dreyfus Company , a merchant and processor of agricultural goods, and one of the world’s largest green bean merchandisers.

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Coffee News Recap, 7 Oct: Severe weather forecast across several of Brazil’s coffee-growing regions, Nestlé commits US $1 billion to sustainable coffee production & other stories

Perfect Daily Grind

Agency for the Valorization of Agricultural Products (AVPA) opens entries for eighth annual Coffees Roasted at Origin competition. Colombia Land of Diversity 2022 auction achieves record average price of US $17.01/lb. From international bidding, the highest price received was US $78/lb for an El Roble estate lot. Mon, 3 Oct.