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Given the impacts of climate change on cocoa beans, this could be the future. Hershey company is sitting on the forefront of this crisis and witnessing the worlds supply of cocoa melt away. How did we get here, and can we fix it?
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Developing countries are discovering that chocolate beans improve their sweet treats and candies, thus creating even greater worldwide demand. Cocoa beans grow mostly in tropical climates, mainly in western africa, asia and latin america, the largest exporters being ghana and the ivory coast. Going from a disorganized fragmented supply chain network to a more controlled system was certainly a challenge, but hershey foods, inc. The company not only improved their revenue generation, but also the cost structure impacting profitability.
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For nearly a month, a battle has been raging between the hershey chocolate company and the west african farmers who harvest many of its cocoa beans. According to covert, legend has it that hershey capitalized on americans naivete regarding chocolates true taste and used milk that was spoiled or on the verge of spoiling in its chocolate.
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