JM Smucker reported 3.9% year over year revenue growth in FQ2’21 (to Oct. 31) after the food and beverage manufacturer experienced 9.0% sales growth in coffee due to increased stay-at-home spending. The firm’s success has hinged on sourcing with CEO Mark Smucker stating “we have a very robust and scaled supply chain”. The global coffee market has not proven reliable with exports which fell by 5.0% year over year in Q3’20 before recovering by 3.7% in October due to improved shipments from Brazil and Indonesia. The improvement in Brazilian exports has been ...