Giants get nightmares, too, even the coffee ones. The modern obstacles of the coffee monopoly.
Nowadays, Starbucks faces many challenges, including major competitors across the world like Dunkin Donuts, McDonaldโs, and also local brands that customers love ๐
Starbucks is also more expensive than competitors, with wavering drink quality ๐ค
Some say the in-cafe experience levels it out, though.
Starbucks also does not lean into packaged beans - forcing customers to come into the store to order their favorite drinks ๐บ
If we dive deeper into trade rules, Starbucks suffers heavily from international regulations and tariffs ๐
Customers also view Starbucks as a luxury, so in times of economic distress and high-interest rates, Starbucks often sees revenue plummet ๐ฑ
However, Starbucks has many strengths, including its in-app bank, convenience offering, and powerful brand ๐ช
But itโs important to see both sides of the bean! โ๏ธ
Test your knowledge
Starbucks is generally. . .
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Unlike many competitors, Starbucks does not. . .
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Which of the following harms Starbucks' revenue most often?