#556 Russia, Ukraine - Implications for the Coffee Industry
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At the time of the recording of this podcast, Friday Afternoon Feb 25th, Russia had invaded Ukraine and the conflict was in full escalation. While the physical conflict, for the time being, is contained within those two countries, the implications for the global economy in the financial and commodities sectors will be felt across the globe. This will undoubtedly have ramifications on the coffee industry to differing degrees.
In this episode of the Daily Coffee Pro by MAP IT FORWARD, we'll take a look at these 8 ways this conflict will directly affect coffee industry stakeholders:
1. Sanctions
2. Ongoing logistical issues
3. Inflation and Stagflation
4. Market Volatility and Currency Collapses
5. Energy shortages
6. Cyber Attacks
7. Broadening physical conflict
8. Mental health and increased stress
You also might find this youtube video by Patrick Boyle on the economic effects of the conflict interesting: https://www.youtube.com/watch?v=3QlpTlz073k
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