Climate change is affecting the regions where cocoa is grown, particularly in West Africa, which produces about 70% of the world's cocoa.
Global supply chains have faced significant disruptions due to factors like the COVID-19 pandemic, political instability, and transportation bottlenecks.
As demand for chocolate continues to grow worldwide, particularly in emerging markets, the pressure on cocoa supplies intensifies.
The cost of labor, energy, and raw materials needed for chocolate production has been rising.
There is a growing emphasis on ethically sourced and sustainable chocolate, which often comes with a higher price tag.