By Tyler Durden
US restaurant chain Caribou Coffee Co. is panic hoarding coffee beans as a global supply deficit grips the world and fuels inflation.
“We continue to increase safety stock on key items,” CEO John Butcher told Bloomberg. Besides coffee beans, he said the company is loading up on cups, lids, packaging, chocolate, and anything that comes to mind as supply chains remain snarled.
Butcher said, “my gut tells me to hope for the best and to prepare for the worst. I personally don’t see any reason to believe that supply-chain disruptions are going to go away anytime soon.”
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