tldrdaily.news logo
Tag

Global Consumption

All articles tagged with #global consumption

business1 year ago

"The Rise of Nescafé: Dominating the Instant Coffee Market"

Despite a decline in U.S. instant coffee consumption, globally, soluble coffee is on the rise, with Nescafé, the largest coffee brand of Swiss-based Nestlé, dominating the market. Known for its affordability and convenience, Nescafé is consumed at a rate of 6,100 cups per second and is sold in 180 countries. With 25 factories worldwide, the brand's success is evident, and CNBC traveled to Vietnam, the world's second-largest coffee exporter, to explore Nescafé's operations and the future of soluble coffee.

via CNBC|
#business#coffee-market#global-consumption
energy2 years ago

"Fracking: Igniting a Natural Gas Production Boom in the U.S."

The U.S. has regained its position as the world's leading natural gas producer, thanks to the fracking boom that began in 2005. In 2022, U.S. natural gas production reached a new all-time high of 94.7 billion cubic feet per day (BCF/d), surpassing all Middle East production combined. The growth in U.S. consumption has been driven by the shift from coal-fired power plants to natural gas and the backup for renewable energy. Additionally, U.S. natural gas exports, both via pipeline and as liquefied natural gas (LNG), have surged over the past decade, with the U.S. on track to become the largest LNG exporter within three years. However, the U.S. may face challenges in maintaining its lead in natural gas production due to its relatively smaller proved reserves compared to the Middle East, Russia, and Iran.

via OilPrice.com|
#energy#fracking#global-consumption