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Industry News

Virus Update: Toyota to Restart All Factories, World Drinks Less Coffee While Workers Stay Home

Toyota to Restart All Factories Globally (July 12, 6:00 p.m. ET)

Toyota Motor Corp. will reopen its Venezuelan plant on Monday, meaning all factories in South America will be operational, Bloomberg reported. The auto giant has already opened all its plants in Japan, North America and Europe.

From February, Toyota halted production in many countries, starting with China, as the coronavirus spread.


World Drinks Less Coffee While Workers Stay Home (July 12, 12:00 p.m. ET)

Global coffee consumption is set to fall this year for the first time since 2011, Bloomberg reported, even with a huge surge in bean buying at the grocery store amid pantry loading.

Shutdowns for cafes and restaurants — which typically account for about 25% of demand — have reached more than 95% globally at some point during the pandemic, and it could be a while before things pick up again.