Whenitcomestospecialtycoffee, you'vegotcompanieslikeAlanaandothersintheUKmovingintoNespressopodsanddoingthatwell, you'vegotcompanieslikesuddenlyvoilainthe U.
S.
Doinginstantcoffee, and I thinkit's somethingisgonnagrowandgrowandgrowandgrow.
I thinktechnologywillclosethegapthatwillallowustotakesomethingdeliciousintermsofwellroastedcoffeebeansthatweregrowingwellandturnthatintoeitherapartorinstant.
Now, for a longtime.
I thinkthecostisgonnabesuperhightodoInstantreallywellisimmenselyexpensive, and I don't thinkanyonedoinginstantrightnowisclosetowhatisactuallypossiblewithfreezedryingreallywellbrewedcoffeethattastesgoodwithpods.
I thinkpeoplearestartingtogetintoit.
I don't thinkfor a secondanyoneisgonnatakeanymarketshareawayfromNespresso.
Theysellwhattheysellverywell.
They'llcontinuetogrow, spendthemoneyopen.
Moreboutiquesdothatthing.
They'llbe a secondarymarketofspecialtythatwillgrow a CZwell.
Butthatwon't growanywhereneartherate.
I don't thinkthatespressodidorwillcontinuetodo.
DavidFoxasks.
Whenweknowthatthespecialtymarkethasreachedoversupplyseemstobe a coffeeshoporroastoneverycornerandmorecomingnow.
I thinkthisisactually a greatquestionfromDavidandsomething I'vetalkedabout.
Myblog's quite a lot.
I'llstick a linktothatinthedescriptionbelow.
I thinkwe'llknowwhenwereachedoversupplywhenwellinitiallywhat'llhappenistherateofclosingwillbegintoincreasenow, withcafesthat'llhappenfirst.
Generally, theyhavelesscapitaltobeginwithRon's ortighterandmarginsand, youknow, highrent a bunchofotherthingsthatsortofmake a cafeandwhatfragilebusiness.
Thisstarttocloseaswell, andeventuallyyou'llreach a kindofequilibriumwherethenumberofopeningsperyearcannonmatchesthenumberofclosings.
Whatmighthappenforlittlewhileiswell, see, actually a contractioninthemarketinthatmorebusinesseswillclosetheopen, but I don't reallythinkthat's islikelytohappen.
It's a possibilityinsomemarkets, andwe'realreadyseeingitnowinplaceslikeSoulandothercitiesthathadcrazybooms.
ButinLondon, I thinkit'lljustslowdownultimatelyon.
I guesstheothermetricwecouldlookatforwhenweknowthatwe'reinto a newthingisthatthere'llbe a newkindofspecialty, right?
Onespeciallybecomespecial.
Ubiquitous.
Thetopofthatpyramidwillfragmentoffagain, thewaythatspecialtyfragmentedawayfromcommercialcoffeeonwhathave a newkindofsuperspecialtythingthatwon't necessarilybemoreexpensive, necessarilybeaboutluxuryproducts.
But I thinkitwillbedifferenttothewaythatspecialtyiscurrentlydoneandwe'llhave a highervaluetocustomers.
I don't necessarilyknowwhatthatisyet, but I thinkthat's what's likelytohappen.
TokyoBrewstersays, cuppingforespresso.
Okay, sothisis a trickyoneandwonderatsquaremile.
We'vegoneover a dozendifferentwaysovertheyears.
Howdoyoueffectivelytasteespresso, right?
Doyouhavetopullshotsofit?
Doyouhavetocupitlikeyou'd cupyourdriproast?
Assumingyou'renotdoing a nomineeroastthingwhereyoutryandresteverythingthesameifyouareroastingspecificallyforespresso, howisthebestwayto Q C that I wouldprettymuchsaycupofthatcoffee?
Itisgonnatastedarker, butyouareveryquicklygoingtoacclimatizeto a tablethat A LLtastesthatway, andyourbrainprettyquicklylearnstoswitchofffromthelevelofroast.
Ifitisconsistent, youcouldkindofget a suppressionofthoseflavors, andyouwillfinditwith a littlepracticeeasiertodiscernwhatit's goodon.
Whattastesbadin a cuppingbowl, oftenespressoroast.
Nowwedid a bunchofdifferentexperimentsovertheyearswherewewantedtoseeif, ah, cupping, boldcorrelatedtoactualespresso.
SoforwhilewewoulddostufflikepullIkeashots, deludethemdownto a kindofcampingballstrengthandcupthatagainst a regularcuppingbowloffthesamebatchandseeifyouknow a bumpinvicinityheremeant a bumpaciditytherethat a certainkindoffruitqualitythatwelikedinthecoffeeappearedinbothbowls, anditdid.
Andsowhile I thinkit's importanttobrewespressos, partoftheQCprocessbothascomponentsisas a blendedbatch.
I alsothinkit's much, mucheasiertoQCbycupping a coupleofbowlsofeverybatchthatyourroastSoThomasBargainasks, Willallroasterseventuallyowncoffeefarms?
Isthisgood?
I'm gonnagoaheadandsayno, I don't thinkinthenearfutureRoasters, they'regonnaowncoffeefarms.
Obvioussituationsmightbe, say, Starbucks, investingindrymillsinChinatomakesurethattheyhave a supplyofcoffeethereasChinaboomsforthem.
I don't thinkwe'llseeroastersowningfarms, but I thinkwe'llseemoreroastisinvestingindrymilespotentiallyorwetmills.
Potentially, thatputsanenormousburdenofresponsibilityonusbecauseaslongaswedon't wanttodoit, thenthat's a prettygoodindicatorthatthisis a messedup, unfair, discriminatorysystemthatwastraditionallybuiltaroundcolonialwealthextraction.
Youknow, thewaythatcoffeefarmingwaskindofcreated a cz, anindustrywoztosupplythecolonies.
Youknow, there's a longhistoryofabuseandslavelaborandallsortsofhorrificthingsincoffeeshistory.
Coffeewasneverbuiltfromthegroundup.
Tobefair, itwasbuilttobeunfair, andso I don't reallyknowwhattheanswertothisisintermsofhowdowemakeitgenuinelyfair?
Andactually, automationhas a prettylonghistoryandcoffeeroasting.
Certainlymuchlargerplantsworkonautomation.
I'vebeento a numberofverylargerosetreeswhereroastinghasdonefrom a desk, notparticularlyneartheroaster.
Now, oneofthethingsthat I believeisgonnahappenisthattheincreaseinqualityandespressomachinesthefactthatwenowunderstandextractioninespresso, thefightthatgrindersairgettingbetter.
We'regonnastartTOCrieltransparencyonthequalityofroastedcoffeecomingoutof a roastery.
Andthat's gonnabemorethanjuststicking a thermocoupleinto a roasteronhopingthatitscontactwiththebeanstheytumblearoundintheresomehowcommunicatesaccuracyaboutwhat's happeningintermsofthecomplexchemistryinside a coffeeroaster.
So, yes, automationiscoming.
Butoutsideofthechallengesofautomationandpotentiallymachinelearningand a bunchofotherstuff, really, thechallengetoSeoulfirstisaccuratedatacollection.
Wejustdon't reallyknowwhat's happeningin a roasterstill, andthat's allroastersthat I'veeverseenallaroundtheworld.
ThelastquestioncomesfromElizabethStone, andsheasks, I'm a newcoffeeshopowner.
Myquestionistokeepitsimpleorgiveselections.
I'm a bigbelieverinkeepingitsimple.
There's a fewdifferentreasonsforthis.
Youknow, ifyoureadtheparadoxofchoice, that's a prettygreatexplainerofwhy I thinkminimalchoicesare a goodthing.
You'remorelikelytobehappywithyourchoicefrom a smallselectionthanyouwouldbe.
From a verylargeselection, youhavemorebuyer's remorsewhenyoupickfrom a largerselection.
Now, theotherchallenges.
Ifyoustartwith a wideselectionandyouendupwithsomethingthatmaybedoesn't sellaswellasyouwantitto, you'regonnahavetodelistthatproductnowitmightbe a size.
Youmighthavestartedselling a largebeverage, andyouwanttokindofgetridofthatsize.
Oritmightbe a drinkoritmightbesomethingelse.
Whenyoutakesomethingaway, that's a challenge, becauseyouhavetoexplainwhyyoutookitaway, becausethereisgonnabeanaudienceforthatthatalreadylikesthatthing.