Coffee News Roundup: Week Ending November 10th
Featuring a coffee inventory mystery.
This week, in the world of coffee:
Starbucks is raising wages—well, sort of. A tiny bit. For some workers. Depending on their tenure. And not all unionized workers will get the same raises as their non-union colleagues. Plus it’s a pretty pitiful amount—at most 5% if you’ve worked at Starbucks for 5 years—especially when you consider the company’s record sales and CEO Laxman Narasimhan’s pay packet of potentially $28 million plus.
A legal-but-shady loophole letting traders at the Intercontinental Exchange reclassify old coffee is about to close, and it could be the reason stockpiles appear to be falling. Get Poirot on the case!
And researchers looked into the effects of coffee and alcohol on sleep, choosing financial traders as their guinea pigs because they consume a lot of both.
Read the full Roundup over at Fresh Cup Magazine:
In case you missed it, my latest article looks at the way the coffee industry responds to crises (it’s not always the same):
I’ll be back next week with more news, but until then it’s goodbye from Merlin:
