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Starbucks says advance coffee purchasing helps it stay competitive☕
Starbucks’ strategy of purchasing green coffee 12-18 months early is helping them gain a competitive advantage over competitors. Green coffee costs jumped this year after a drought in Brazil, but Starbucks does not need to worry about raising prices for consumers with their advanced purchasing.
Tesla works with suppliers to source alternative chips amid semiconductor shortage📈
To combat the everlasting chip shortages across the world, Tesla began substituting alternative chips to continue production. This resulted in a record-high Q2 delivery of 200,000 vehicles! But with the chip shortage projected to be an issue for the foreseeable future, how will this affect Tesla’s growth of other business units like the Powerwall? That is yet to be seen.
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