By Clint Bailey

— In the rapidly evolving world of food technology, European startup Choco has emerged as a pioneering force. With its website, Choco.com, this Berlin-based company is transforming the way food industry professionals operate by leveraging innovative digital solutions. By linking restaurants, distributors, suppliers, and producers on a single platform, Choco is streamlining the supply chain process while promoting sustainability.

Let’s explore the journey of Choco.com and its impact on the overall foodtech industry.

1. Company: Choco Technologies GmbH
2. Website: www.Choco.com
3. Head Office: Berlin, Germany
4. Year Established: 2018
5. Founders: Choco was co-founded by Daniel Khachab, Julian Hammer, and Rogerio da Silva.
6. Industry: Choco operates in the foodtech industry, specifically focusing on digitizing the supply chain for the food industry.
7. Funding: Choco has secured significant funding rounds from investors, including Bessemer Venture Partners & Coatue Management.
8. Market Presence: Choco has a strong presence in several European cities, including Berlin, Paris, London & Barcelona.
9. Mission: Choco aims to revolutionize the food industry by leveraging technology to simplify supply chain management, promote sustainability, and reduce food waste.

Simplifying Supply Chain Management

One of the core focuses of Choco is to simplify supply chain management for food businesses. Traditionally, the procurement process in the food industry has been cumbersome and inefficient, with numerous intermediaries and manual processes. Choco’s digital platform replaces the traditional paper-based ordering system, allowing restaurants and suppliers to communicate and collaborate seamlessly.

Choco’s platform enables restaurants to place orders directly with suppliers, eliminating the need for phone calls, faxes, or emails. This not only saves time but also reduces the likelihood of errors and miscommunications.

By digitizing the ordering process, Choco improves transparency, making it easier for restaurants to compare prices, track deliveries, and manage inventory efficiently.

Streamlining Operations For Suppliers & Producers

Choco’s impact extends beyond restaurants. The platform also provides suppliers and producers with valuable tools to streamline their operations. By digitizing their product catalogs and integrating them into the Choco platform, suppliers can showcase their offerings to a wide network of potential buyers.

Suppliers benefit from increased visibility, enabling them to reach new customers and expand their market presence. Moreover, Choco’s platform helps suppliers manage their inventory, track orders, and plan deliveries effectively. These features enhance operational efficiency, reduce waste, and ultimately contribute to a more sustainable food system.

Promoting Sustainability & Reducing Food Waste

Choco recognizes the critical importance of sustainability in the food industry. According to the United Nations, approximately one-third of the world’s food production goes to waste each year. By digitizing the supply chain and enabling more efficient ordering and inventory management, Choco actively works to combat this issue.

Choco’s platform facilitates data-driven decision-making for restaurants, suppliers, and producers. By analyzing purchasing patterns & demand, Choco helps businesses optimize their inventory levels, reducing overstocking and minimizing food waste. Additionally, Choco supports local sourcing, enabling businesses to connect with nearby suppliers & promote sustainable, community-based practices.

Expanding Reach & Impact

Since its founding in 2018, Choco has experienced rapid growth and expansion. The startup has successfully secured significant funding rounds, allowing it to scale its operations and establish a strong presence across Europe and other global markets. Today, Choco’s platform is used by thousands of restaurants and suppliers, revolutionizing the way they operate.

Choco’s impact extends beyond operational efficiency or sustainability. By connecting restaurants, suppliers & producers on a single platform, Choco fosters collaboration & encourages the exchange of ideas. This collaborative approach strengthens the overall foodtech ecosystem and creates a supportive community of like-minded aiming to drive positive change within the industry.

Future Of FoodTech

Choco’s rise to prominence in the foodtech industry exemplifies the reach of sustainability, innovation, and community. Through its user-friendly platform, Choco simplifies supply chain management, streamlines operations for restaurants & suppliers, and actively promotes sustainable practices. By harnessing the potential of digital, Choco is disrupting the future of the food industry, making it more efficient and transparent.

As Choco continues to expand its impact and reach, its transformative influence on the foodtech sector is set to inspiring, grow other startups, and established players to embrace technology for a better and more sustainable food system.

We Can’t Thank You Enough For Your Support!

— Compiled by Clint Bailey | Team ‘Voice of EU’
— For More Info. & News Submissions: info@VoiceOfEU.com
— For Anonymous News Submissions: press@VoiceOfEU.com

By Cindy Porter

In a landscape marked by evolving economic forces, Germany’s real estate sector has recently grappled with formidable challenges. Over the past year, surging interest rates, cautious lending practices, and soaring inflation have prompted prospective buyers to reconsider homeownership, contributing to a resurgence of interest in the rental market. This shift has led some to speculate that the era of booming real estate growth might be waning.

However, amid these headwinds, whispers of a potential reversal of fortunes have started to circulate. Despite another interest rate hike by the European Central Bank (ECB), German property prices demonstrated unexpected resilience in the second quarter of 2023, stagnating rather than declining.

Notably, sales prices for flats exhibited only a marginal decline of 0.3% from April to June, as per the Greix real estate price index published by the Kiel Institute for the World Economy (IfW). In contrast, prices for detached and semi-detached homes surged by 2.3% and 1.8%, respectively.

“The German real estate market showed itself to be quite robust in the second quarter,” remarked IfW President Moritz Schularick. He highlighted the positive impact of the expectation that the ECB’s interest rate hikes may be tapering off, following significant price corrections in preceding months.

EY, in a recent study, offered a more optimistic projection for the construction sector, anticipating a rebound from months of turmoil in 2024. Despite challenges stemming from rising material costs, supply bottlenecks, and expensive credit, EY’s analysis suggests that the industry will find equilibrium as inflation recedes and policy interventions strive to meet housing construction targets. Consequently, construction prices, historically volatile, are expected to normalize, potentially setting the stage for a stabilization of construction volume.

WATCH: HOW MUCH MONEY DO I NEED TO AFFORD A PROPERTY IN GERMANY

In terms of property prices in the long run, a joint study by Postbank and the Hamburg Institute of International Economics (HWWI) predicts a mixed outlook for the German housing market. Approximately half of the surveyed districts and cities, comprising 400 regions, are anticipated to experience around a two percent decline in real terms by 2035. Conversely, 43% of districts are projected to witness price increases.

Leading the pack in rising real estate prices is Potsdam, situated on the outskirts of Berlin in Brandenburg. The city’s property prices could soar by up to 2.71% annually by 2035, making it a growth frontrunner. Erding, near Munich, follows closely with projected annual growth of around 2.13%, while Leipzig in Saxony and Frankfurt am Main are also expected to experience healthy growth.

The map below offers insights into the projected property price development in Germany until 2035

All of the remaining top 10 – including Landshut, Munich and Augsburg – were all located in Bavaria.

The so-called ‘big seven’ cities are also poised for positive price trajectories. While Hamburg is predicted to experience the lowest growth at 0.29% per year, Munich is forecasted to lead the pack with an impressive 2.08% growth rate. Berlin is expected to achieve healthy growth at 1.24% per year.

Conversely, the Hamburg Institute of International Economics (HWWI) analysis suggests that properties in regions with inadequate infrastructure and declining populations, particularly in the eastern states, could witness value depreciation over the next decade. This scenario is likely to manifest in numerous areas across Saxony-Anhalt, Thuringia, Saxony, Mecklenburg-Western Pomerania, and Saarland.

Rural regions in eastern Germany, disconnected from major cities and outside the Berlin commuter belt, face the possibility of significant price declines, ranging from 1.5% to 4.3% annually.

We Can’t Thank You Enough For Your Support!

— By Cindy Porter|‘THE VOICE OF EU🇪🇺‘

— For more information & news submissions: info@VoiceOfEU.com

— Anonymous news submissions: press@VoiceOfEU.com