EPISODE · May 21, 2021 · 56 MIN
Laser-Focused on Profitability (feat. Pashmina Lalchandani, Co-Founder of Bar & Cocoa)
from Future Commerce · host Phillip Jackson, Pashmina Lalchandani, Brian Lange
Fair Trade, Fair Labor, and Sustainable Chocolate is PossibleShipping chocolate is challenging enough, but sourcing and housing craft chocolate from global suppliers, and creating a marketplace for consumers who have very specific expectations around buying and consuming chocolate is harder still.The challenges of creating a great customer experience with shipping delays in the midst of COVID created issues in the logistics industry, and those had massive impacts on the quality of the product at the time of delivery. Some chocolate only arrived a month post-purchase, at which point it wasn’t consumable. This represents a problem in a luxury chocolate perishable category, when you’re at mercy of carriers and covid-related delays.“I don't think the mission makes us grow slower, but I think my focus and laser focus on becoming a profitable company, you know, kind of meters our growth. And because we're not funded, because it's like something that has been bootstrapped, we don't have the luxury of throwing thousands of dollars into ads or marketing and having that long cycle of seeing a return on our investment with customer acquisition.” —PashminaThe connection formed to chocolate as a kid reflects the outcome adults make in wanting to take the leap towards craft chocolate.“You have recipes and a whole ecosystem built around chocolate and the brands with those...so you're not just unseating a single experience, you're unseating experiences across multiple food ecosystems, which is another challenge and also an opportunity.” -BrianBar and Cocoa are MBE-certified as a minority-owned business, and supports minority and BIPOC growers and founders. Their focus on doubling their Made at Origin chocolates have allowed them to support more people who are growing cacao at the source. As Pashmina says, “rather than just for these countries importing beans, the chocolate is staying there and being sourced locally, made locally by local manufacturers, whether they own the farms, whether they're working directly with the farms there.” Associated Links:Check out Bar & Cocoa here: https://barandcocoa.com/Get our latest report here: Service is the New Storefront Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
What this episode covers
Our relationship with chocolate is complicated. Unlike other vice categories like wine and beer, we form assumptions and preferences around chocolate while we’re very young. Craft chocolatiers are helping to change that, in a complicated category that is challenged by inequitable labor and trade practices. We sit down with Pashmina to discuss how she’s building a retail brand that just might help change the conversation around chocolate. Listen now!
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Laser-Focused on Profitability (feat. Pashmina Lalchandani, Co-Founder of Bar & Cocoa)
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