ECONOMY SHOCK AND EFFECTS ON POPULAR COFFEE SHOP STARBUCKS

              

There is so much to unpack moving and navigating your way through the current Economy. There is inflation that is causing consumers more than it is giving back to the current consumers who consume on a higher level than the wealthy. The incline in prices for the cost of daily goods along with the incline in prices for leisure expenses has began to affect the economy in a major way, so much so that Starbucks is beginning to suffer in the market. The conversation that spoke about Starbucks quarters and the reports that were presented showed that the company has been suffering financially within the current state of our economy. Progressing forward they are sharing ways in which they are attempting to save finances and maneuver through the current economy such as changing the cups that the company currently produces and also the reusable cup policy where you are able to bring your own cup on your order ahead. The new cups are said to be more durable and better within the production of your drinks. It also makes it easier for the baristas to operate effectively. 

 

Starbucks is in collaboration with Mercedes and Volkswagon to offer EV Chargers to consumers with this roll out you are able to charge your items quicker than you previously were able to. They planned to use 100 locations for the collaboration. They are also planning to add Mexico and Canada into the equation. This is apart of the inter-state 5 on the West Coast. These chargers are also available in Target and Walmart; the plan is to put 2,000 of these EV charges into play for the economy. In the space of creating a easier and more comfortable space they are offering faster charging systems for the consumer who enter these establishment For those who do business in Starbucks these is definitely a plus. The students that go to Starbucks to do their work and group projects this is a plus for you as well.