COVID-19 Impact on Starbucks, Update 2021

"COVID-19 Impact on Starbucks, Update 2021" reports key findings as of 24th March, 2021 based on market analysis and brand diversification by industry and geography.

Starbucks Corp’s presence across the globe could not help it deal with the coronavirus crisis, as it witnessed a decline in store sales in fiscal year 20201. The company’s foodservice businesses is projected to recover from the COVID-19 impact in 2020-2025 in all regions, but its consumer goods business is expected to provide some resilience and witness a rise in CAGR during 2020-2025.

Scope

• Coffee and tea shops are expected to grow across all the regions during 2020-2025.
• Starbucks should experience positive growth in the forecast period across all regions.
• The company is actively investing in themes such as easy & affordable and online food delivery in order give the consumers a seamless experience amid the pandemic.
• Starbucks is expected to find favorable market conditions in all regions over the forecast period.

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