Indonesia is not only the world's fourth largest producer of coffee, but also one of the largest consumers. According to International Coffee Organization data released in May, Indonesia's domestic coffee consumption is expected to grow at the fastest rate in the last five years between 2020 and 2021, reaching 5 million of 60kg bags. In recent years, the younger population's lifestyle and purchasing power have fueled demand for coffee and the growth of local coffee shops.
Kopi Janji Jiwa, one of Indonesia's leading independent coffee shops, can attest to that. This July, less than three years after opening its first pilot location in mid-2018, it had expanded to more than 930 locations in more than 50 cities across Indonesia, from Aceh to Sorong. Today, they collectively sell between three and four million cups per month.
Billy Kurniawan is the founder and CEO of PT Luna Boga Narayan, also known as Jiwa Group which houses Kopi Janji Jiwa, Jiwa Toast and Jiwa Tea. Since 2011, he has been a serial entrepreneur venturing into the food and beverage industry. After being introduced to the coffee industry and gaining knowledge, Billy seized the opportunity to establish his brand with Kopi Janji Jiwa. To add value and differentiate its coffee, Kopi Janji Jiwa sources directly from farmers and operates its own roasting facility.
Billy brought a grab-and-go concept to Jakarta's first pilot coffee shop with less than Rp 100 million in capital. Since the beginning, he has strived to get Kopi Janji Jiwa to as many customers as possible in a short period of time. As a result, he developed a partnership system as one of the company's strategies.
هذه القصة مأخوذة من طبعة August 2021 من Forbes Indonesia.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة August 2021 من Forbes Indonesia.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
BACK ON TRACK
Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.
Championing Locals
The wave of social commerce is enabling inclusive digital economies beyond urban areas.
Boys in the Bubble
Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.
Enduring Relations
The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.
Sweet Success
Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.
Marathon Man
Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.
Gold Rallies on Inflation Fears
During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.
Set Off to A New Start
Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.
The Daily Intake
YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.
THE CROESUS OF CRYPTO
FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.