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Thread: Starbucks to source Chinese coffee

  1. #1
    Elite Member Mr. Authority's Avatar
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    Default Starbucks to source Chinese coffee

    Starbucks to source coffee from China

    SHANGHAI (Reuters) - Starbucks Corp (SBUX.O: Quote, Profile, Research), the world's biggest coffee-shop chain, said it planned to source coffee from China for the first time as it expands in a country with more than 5,000 years of tea-drinking culture.

    Starbucks has been working with coffee farmers in China's southwestern Yunnan province to help them meet sourcing standards and has sent coffee shipments to the United States for testing, Starbucks China President Wang Jinlong said at the Reuters China Century Summit on Tuesday.

    "China does produce some quality coffee," Wang said at the summit, held at the Reuters office in Shanghai.

    He added that sourcing coffee from China would start "very soon, maybe in a couple of years".

    Some analysts say import tariffs as high as 20 to 60 percent are the reason why companies such as Starbucks are considering sourcing coffee from China.

    However, Starbucks' Shanghai-based spokeswoman, Caren Li, said the aim was to add new flavors, not to avoid tariffs.

    Although coffee consumption is still less than one-tenth of tea consumption in China, it is becoming increasingly popular among Chinese, especially young people, because of its association with a Western lifestyle.

    Coffee consumption in China is increasing 20 to 25 percent each year, and Starbucks' sales in the country are growing faster than that, Wang said.

    That compares with Starbucks' sales growth target of 18 percent globally.

    "China's growing middle class wants to enjoy life," Wang said. "We don't want to replace tea, we just want to add another choice, a new lifestyle."
    Starbucks to source coffee from China | Industry Summits | Past Summits | TheChinaCentury07 | Reuters

    Mmmm lead and antifreeze in your morning venti latte, what a treat.

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    Elite Member AuGusT's Avatar
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    Starbucks will suffer real bad if Chinese coffee is found to contain smthing poisnous"

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    Elite Member blissfullyunaware's Avatar
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    Starbucks is another chain that I will be boycotting, Chinese coffee? Really?
    My goal is to be happy with my life.

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    Gold Member Flak's Avatar
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    These assholes are making 3.00 a cup! Why are they trying to lengthen their profit margin by cheaping out and buying shit Chinese coffee. What is the deal with all these companies and China?

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    Elite Member KrisNine's Avatar
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    Bad move. Pretty much every, stinking thing that we've imported from China has been recalled due to some sort of chemical poisoning. Pet food, toothpaste, baby bibs, tires (exploding), childrens toy's made with lead paint...the list goes on. This is a dumb move.

  6. #6
    Elite Member Sojiita's Avatar
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    Chinese products = death.
    Don't slap me, cause I'm not in the mood!

  7. #7
    Elite Member JamieElizabeth's Avatar
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    We just got a Starbuck's in this backward town. I eat their chicken sandwiches pretty much everyday. Why must we have to import everything!

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