Comment by iosguyryan

“Coffee trade” is not monolith. There is commodity and specialty. The specialty side has been moving more toward just in time inventory for a while. It’s shocking how long the farm-to-processor(s)-to-distributors-to-roaster-to-brewer/consumer span can be and how many warehousing and exchange steps there are. Moving to just in time is quite disruptive for many business models; it’s not just this jump in price.