This is the 3rd episode of a five-part series on The Daily Coffee Pro by Map It Forward Podcast, hosted by Map It Forward founder, Lee Safar.
The guest on this podcast series is Caleb Holstein, cofounder of Greensquare, an Australian-based green coffee sourcing and inventory management system.
In this podcast series, Lee and Caleb are exploring the new normal for coffee roasters in the volatility of this current coffee crisis.
In this episode of The Daily Coffee Pro by Map It Forward, Lee and Caleb discuss the complexities of hedging and budgeting for green coffee purchasing.
They delve into the risks and rewards of hedging, how it essentially means starting another business, and why it's not advisable for small roasters.
They also talk about the volatility and rising costs in the coffee market, the importance of having liquid assets, and the significance of proper budgeting and accurate costing.
This episode provides valuable insights for roasters navigating the new normal in coffee purchasing.
Tune in to learn how to better manage your coffee business finances!
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