I’m gonna link this article from Sprudge from 2019 when the price of commodity dropped to like a $1 (maybe it was less). Starbucks put together a relief fund, giving smallholder farmers in Nicaragua, Guatemala, Mexico, and El Salvador, $20 million dollars. Long story short is that this exact amount based on currently available financial data, equated to less than $61.3 million at the time, which was approximately how much the company earned in revenue in a single afternoon. The point was that without up to date financials, the public did not know what the true impact was. For what it is worth, Starbucks could have been hurting farms by doing this at a time when the price of commodity was extremely low.
I’m gonna link this article from Sprudge from 2019 when the price of commodity dropped to like a $1 (maybe it was less). Starbucks put together a relief fund, giving smallholder farmers in Nicaragua, Guatemala, Mexico, and El Salvador, $20 million dollars. Long story short is that this exact amount based on currently available financial data, equated to less than $61.3 million at the time, which was approximately how much the company earned in revenue in a single afternoon. The point was that without up to date financials, the public did not know what the true impact was. For what it is worth, Starbucks could have been hurting farms by doing this at a time when the price of commodity was extremely low.
https://sprudge.com/starbucks-would-prefer-you-dont-think-too-hard-about-that-20m-relief-fund-151839.html