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Strategic Risk
If there is one item that is the lifeblood of chocolate producers, it is cocoa.
And if there is one item that presents a strategic risk to chocolate produc-
ers, it is cocoa. Around 70% of the world’s cocoa crop is concentrated in ve
African countries, in a region that is not known as the most stable place to
obtain raw materials. Furthermore, several years ago, a handful of traders
took possession of almost all the cocoa beans in certied warehouses in
Europe, raising legitimate concerns about commodity manipulation.
Even on a good day cocoa can be risky to grow as yields are lower com-
pared with other crops, access to fert ...