AgricultureChallenge

Vietnam Faces Coffee Output Decline Due to Drought, Exacerbating Global Supply Issues

23 days ago

Vietnam, one of the world's leading coffee exporters, is experiencing a significant drop in coffee production, primarily driven by severe drought conditions affecting the Central Highlands region. This decrease in output is contributing to an already tight global coffee supply, raising concerns among traders and consumers alike. With worldwide demand for coffee continuing to rise, Vietnam's dilemma threatens to add further pressure to coffee prices globally.

Ghana's Economic Downturn: Cocoa Production Falls in Fourth Quarter

25 days ago

Recent economic data has revealed troubling signs for Ghana as the country’s economic growth slowed down significantly in the last quarter of 2023. The growth rate plummeted to an annualized 2.9% during this period, marking a stark decline from the previous quarter's robust expansion of over 9%. This contraction can be largely attributed to a notable drop in cocoa production, a cornerstone of Ghana's economy and its largest export.

Chili's Restaurant Struggles to Adapt to Climate Change Challenges

4 months ago

In a recent report, Chili's Grill & Bar, the popular American restaurant chain known for its casual dining experience and Tex-Mex cuisines, is facing significant challenges stemming from climate change. The company is grappling with the increased frequency and intensity of extreme weather events that threaten the supply chain of key ingredients essential for its menu offerings.

Hurricane Helene's Devastating Effects Loom Over Asheville's Economic Future

6 months ago

Early reports from the post-Hurricane Helene period paint a frightening picture of economic stability in Asheville. The strong storm, making landfall on the eastern coast earlier this week, was able to trek well inland and cut a swath of destruction in its path. In the case where immediate concern has now shifted from tracking the storm to the assessment of its aftermath, the long-term economic impact on Asheville has become the focal point of both city officials and business leaders.