Starbucks Corporation, the world renowned coffee chain, has announced its plan to add 17,000 new stores worldwide by 2030. The company is striving to meet the rising global demand for coffee with its comprehensive plan to open new stores and expand its market presence across the world.
The company’s new store expansion commitment is a part of the company’s ongoing five-year strategic plan, which was announced in October 2018. As per the plan, Starbucks aims to open 12,000 new stores across various parts of the world by fiscal year 2022. This figure is expected to increase to 17,000 stores by the end of fiscal year 2030.
Starbucks plans to focus primarily on new growth opportunities outside of the United States. Asia Pacific is the prime area of focus for the coffee-chain, which is expected to contribute significantly to the new store openings. The company plans to open a total of 6,000 new stores in the Asia Pacific region by fiscal year 2030. Europe is also expected to be another major destination for the company’s growth, with plans to open up to 4,000 stores in total, while the Middle East and Africa region are expected to receive another 3,000 stores till 2030.
The company also plans to expand its store base in the United States, with plans to open up to 1,400 new stores in the region in the same timeline. This would bring Starbucks’ total U.S. store count to nearly 16,000 by the end of fiscal year 2030.
To support its massive store expansion plans, Starbucks has revealed plans to increase its coffee production by 50 percent in the next five years. The company is also investing heavily in technology and automation, which will help the chain to speed up the process of ordering, producing, and delivering drinks to customers at each store.
With its comprehensive new store expansion plan, Starbucks is setting itself up for future success. The company is looking to capitalize on the increasing global demand for coffee and make its presence felt in markets across the globe. It remains to be seen if the company can effectively execute its plan and meet the growing market demands in the years to come.
Starbucks Corporation, the world renowned coffee chain, has announced its plan to add 17,000 new stores worldwide by 2030. The company is striving to meet the rising global demand for coffee with its comprehensive plan to open new stores and expand its market presence across the world.
The company’s new store expansion commitment is a part of the company’s ongoing five-year strategic plan, which was announced in October 2018. As per the plan, Starbucks aims to open 12,000 new stores across various parts of the world by fiscal year 2022. This figure is expected to increase to 17,000 stores by the end of fiscal year 2030.
Starbucks plans to focus primarily on new growth opportunities outside of the United States. Asia Pacific is the prime area of focus for the coffee-chain, which is expected to contribute significantly to the new store openings. The company plans to open a total of 6,000 new stores in the Asia Pacific region by fiscal year 2030. Europe is also expected to be another major destination for the company’s growth, with plans to open up to 4,000 stores in total, while the Middle East and Africa region are expected to receive another 3,000 stores till 2030.
The company also plans to expand its store base in the United States, with plans to open up to 1,400 new stores in the region in the same timeline. This would bring Starbucks’ total U.S. store count to nearly 16,000 by the end of fiscal year 2030.
To support its massive store expansion plans, Starbucks has revealed plans to increase its coffee production by 50 percent in the next five years. The company is also investing heavily in technology and automation, which will help the chain to speed up the process of ordering, producing, and delivering drinks to customers at each store.
With its comprehensive new store expansion plan, Starbucks is setting itself up for future success. The company is looking to capitalize on the increasing global demand for coffee and make its presence felt in markets across the globe. It remains to be seen if the company can effectively execute its plan and meet the growing market demands in the years to come.
