Takeaways

• Tight supply and credit are major issues in the coffee industry.
• Working capital is crucial for navigating market fluctuations.
• Coffee prices have significantly increased over the past few years.
• Tariffs and hedging costs are adding financial pressure on importers.
• Supply chain issues are exacerbating the crisis in the coffee market.
• Roasters need to protect their credit lines during tough times.
• Communication with suppliers and banks is essential for maintaining credit.
• The market's uncertainty is likely to persist in the near future.
• Strategic planning is necessary for roasters to adapt to changing conditions.
• Understanding the macroeconomic factors affecting coffee prices is vital.

Part of The Exchange Coffee Podcasting Network

TAKE OUR LISTENER SURVEY

Visit and Explore Covoya!

• The term 'Quaker' in coffee refers to under-roasted beans.
• Quaker Brown is linked to the clothing of the Society of Friends.
• Quaker defects are a result of immature green beans.
• Quaker defects are the same color as clothing worn by many in the Society of Friends in the 1800's
• The term 'Quaker' was initially derogatory but was reclaimed.
• Researching coffee history can reveal surprising connections.

Part of The Exchange Coffee Podcasting Network

TAKE OUR LISTENER SURVEY

Visit and Explore Covoya!

Chapters

00:00 Introduction to the Inverted Market

02:49 Understanding Backwardation and Contango

05:24 Implications of the Inverted Market for Roasters

08:20 Navigating Challenges in Coffee Sourcing

10:46 Strategic Planning for Coffee Businesses

13:33 Conclusion and Future Considerations

Part of The Exchange Coffee Podcasting Network

TAKE OUR LISTENER SURVEY

Visit and Explore Covoya!

Chapters

00:00 Introduction to The X-Files Podcast

00:44 Building a Team in Coffee Roasting

02:23 The Importance of Vision and Values

06:25 Cash Flow and Team Growth

08:28 Hiring Employees: Mindset and Responsibilities

10:26 Empowering Employees and Allowing Failure

12:09 Defining Roles and Growth Opportunities

13:57 Sales vs. Roasting: Who to Hire First?

15:20 Finding the Right Salesperson

21:34 Structuring Your Organization

23:14 Needs vs. Wants in Hiring

30:38 Inverted Hierarchy in Team Structure

35:13 Encouraging Employee Growth and Loyalty

Part of The Exchange Coffee Podcasting Network

TAKE OUR LISTENER SURVEY

Visit and Explore Covoya!

00:00 Introduction to Selling Roasted Coffee

02:48 The Four P's Framework

05:22 Focusing on Whole Bean Sales in Your Own Coffeehouse

08:15 Innovative Packaging Solutions

10:54 Building Community Presence

16:43 The Importance of Persistence

29:38 Understanding Pricing Strategies

Part of The Exchange Coffee Podcasting Network

TAKE OUR LISTENER SURVEY

Visit and Explore Covoya!

Takeaways

• The coffee market is unpredictable and requires constant scenario planning.
• Recent cold weather in Brazil had minimal impact on overall crop size.
• Demand for coffee remains strong despite market fluctuations.
• Supply and demand dynamics are crucial in determining coffee prices.
• Tariffs and regulations are reshaping global coffee trade patterns.
• The EUDR will complicate coffee imports from Africa to Europe.
• China's increased authorization of Brazilian exporters could shift trade flows.
• Roasters are currently facing challenges in sourcing coffee.
• Understanding the global coffee supply chain is essential for businesses.
• Strategic planning is vital for navigating market uncertainties.

Part of The Exchange Coffee Podcasting Network

TAKE OUR LISTENER SURVEY

Visit and Explore Covoya!

Takeaways

• Mount Kenya's discovery was shrouded in mystery and folklore.
• Colonial powers significantly influenced coffee cultivation in Kenya.
• Missionaries played a crucial role in introducing coffee farming.
• The Kikuyu people have a deep cultural connection to the land.
• Economic opportunities for Kenyans grew with the establishment of cooperatives.
• The history of coffee in Kenya reflects broader themes of colonialism and resistance.
• Only white settlers were allowed to own coffee farms for decades.
• The rise of smallholder farmers transformed the coffee landscape in Kenya.
• Kenya's coffee story is intertwined with its cultural heritage and identity.

The Written Blog

Part of The Exchange Coffee Podcasting Network

TAKE OUR LISTENER SURVEY

Visit and Explore Covoya!

Takeaways

• Erik's role involves extensive use of Excel and Power BI.
• He acts as a connector between different departments at Covoya.
• Learning about the coffee industry is a fulfilling part of his job.
• Erik has a background in food service and competitive intelligence analysis.
• Data quality is crucial in coffee operations.
• The democratization of data is essential for effective decision-making.
• Building relationships within the team enhances collaboration.
• Erik likes helping others access and understand data.
• The coffee industry is still adapting to modern data practices.
• Erik aspires to further integrate data analysis into the coffee industry.

Part of The Exchange Coffee Podcasting Network

TAKE OUR LISTENER SURVEY

Visit and Explore Covoya!