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Scoop.it!
Millions of jobs in Asia’s vital garment industry are at risk due to the coronavirus pandemic. 
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Scoop.it!
Nearly two thirds of Americans drink coffee everyday, but how many of them know where it comes from? If you sip your morning joe from major brands like Starbucks, Dunkin’, or McDonalds, chances are it comes from one of several countries in Latin America.
Graham Watson's insight:
Another interesting article that highlights two things: the global nature of supply chains, and, the importance of moving up the value chain for development.
Whilst it's great to see so many countries exporting coffee, it's also sad to see how little role they play in roasting the coffee beans, meaning that they're unable to capture much of the value added in the production process. It's also salutary to think about how much market power Starbucks and the other US coffee retailers are likely to have in relation to developing nation coffee producers.
There are also implications for development - with the terms of trade for primary product producers likely to worsen over time, as a result of the YED of the products
Kyla Perkinson's curator insight,
June 28, 2019 12:43 PM
A a high schooler who pretty much relies on coffee, I found this video to be very interesting. It shows where our coffee comes from and how different geographic locations can change the taste of the coffee. The video highlights the importance of international trade and explains why it is important to trade from multiple regions and the risks associated with trading coffee beans.
Leanne's curator insight,
July 2, 2019 7:17 AM
this will be useful for your second assignment
this is useful for P1 and M2 |
The impact of coronavirus is going to have a longer-term effect on a lot of industries, in this case the textile sector. Asian textile manufacturers and workers are under an awful lot of pressure with the grinding poverty of workers meaning that some of the workers are still going to work rather than resisting the disease by staying at home.
And typically, there are suggestions that large Western firms are endeavouring to using their monopsony power to delay payments, re-negotiate terms and singularly fail to support the most vulnerable in the supply chain.