Nestlé, Mondelēz, Mars, Barry Callebaut: Which chocolate giants are diversifying?

Volatile weather conditions, crop disease and low incomes to spend on agricultural inputs have all conspired to create a cocoa price bump that has lasted around two years. While prices are now falling, chocolate giants such as Nestlé, Mondelēz, Mars, and Barry Callebaut want to ensure that their supply chains are more resilient should the problem reoccur. They are diversifying - both to geographical regions outside of West Africa, and ingredients beyond cocoa.