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Structural Volatility: How the Global Cocoa Crisis is Forcing Dessert Chains to Reformulate
The global chocolate supply chain has fundamentally broken, and it is not repairing itself. While mid-2026 cocoa futures have corrected from their catastrophic $13,000 peak, the baseline price remains rigidly locked at more than double historical norms. For global dessert chains and quick-service bakeries, the narrative of a ‘temporary supply shock’ is dead. We are […]
