Darkened Duty-Free Shops Are Fueling a Worldwide Chocolate Glut
- Airline traffic plunge adds to hospitality industry headwinds
- Global cocoa market seen shifting from deficit to glut
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When commodity analyst Judy Ganes spent 36 hours flying home from a business trip to Asia, it was what she didn’t see that stuck with her.
In the four airports she passed through, Ganes found almost no food courts or duty-free shops open for business. No snow globes. No t-shirts. No special liquor bottles. And perhaps most importantly, no Toblerone and other specialty chocolates that are ubiquitous in international terminals.