What is the Tea and Coffee Manufacturing industry?
The Tea and Coffee Manufacturing industry is moderately capital-intensive. For every dollar spent on capital costs, the average industry operator spends an estimated $5.28 on wages. Capital intensity varies greatly among industry operators. Larger manufacturers, generally, invest heavily in machinery to automate production and to achieve greater economies of scale, allowing operators to reduce wage costs and increase production efficiency. Small-scale companies rely on manual labour in the manufacturing process, due to not having the capital to substantially invest in machinery.
Over the past five years, the number of small-scale operators entering the industry has grown, due to the rising popularity of niche coffee and tea products and smaller independent blends... purchase to read more