Name: NETWORKING NEWSLETTER
Uploaded: 2022-12-05
Duration: 17 min 32 s
Description: Contemporary Issues in Business Management. Internationalisation Technological innovation Sustainabilit y.

Contemporary Issues in Business Management. Internationalisation Technological innovation Sustainabilit y. 

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Contemporary Issues in Business Management

Internationalisation   Technological innovation   Sustainabilit y

Student Name : Jenny Wong (SIDL2206144103)

DEFINITION CASE STUDY : NIKE BACKGROUND MARKET ENTRY PLACES PRODUCTS SWOT ANALYSIS PEST ANALYSIS REVENUE CONCLUSION. 

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DEFINITION CASE STUDY  : NIKE  BACKGROUND  MARKET ENTRY  PLACES PRODUCTS SWOT ANALYSIS  PEST ANALYSIS    REVENUE  CONCLUSION

DEFINITION CASE STUDY : SENSORBOT BACKGROUND INTRODUCTION VIDEO OF SENSORBOT – ‘AURORA’  TIMELINE FACTORS THAT AFFECT EMPLOYEES & USER EXPERIENCE  WORKFLOW OF “AURORA”  PROS AND CONS  STAFF REVIEWS STATISTICAL DATA  CONCLUSION

DEFINITION  CASE STUDY : STARBUCKS  BACKGROUND  PLACES  GO-GREEN CAMPAIGN SWOT ANALYSIS  STARBUCKS ALLIANCES CONTRIBUTION TO SOCIETY  CONTRIBUTION TO EMPLOYEES/ COMMUNITIES SUSTAINABILITY GROWTH  FUTURE DEVELOPMENTS BY 2030  CONCLUSION

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BACKGROUND. “ Just Do It”. Nike Inc., has 154 affiliates in 46 different countries. Nike Inc. In the analyzed period, the number of retail stores worldwide increased 1.7 times, while the number of retail stores outside the U.S. grew 2.3 times . ( (JAWOREK1 & KARASZEWSKI2, 2020) ) Drivers for Internalization: 1. Motive for America to internationalize was to increase revenue and establish a strong customer base in other countries. 2. Reducing their business operating costs such as Labor Costs. Manufacturing plant has consequently move over to some Asia Countries such as China and Indonesia .. 

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Nike Inc., has 154 affiliates in 46 different countries. Nike Inc. In the analyzed period, the number of retail stores worldwide increased 1.7 times, while the number of retail stores outside the U.S. grew 2.3 times . ( (JAWOREK1 & KARASZEWSKI2, 2020) ) Drivers for Internalization:  1. Motive for America to internationalize was to increase revenue and establish a strong  customer base in other countries.  2. Reducing their business operating costs such as Labor Costs. Manufacturing plant has consequently move over to some Asia Countries such as China and Indonesia .

MARKET ENTRY. The main modes of entry are exporting, licensing, franchise, joint ventures and FDI (Foreign Direct Investment).. 

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The main modes of entry are exporting, licensing, franchise, joint ventures and FDI (Foreign Direct Investment).

Licensing Benefits:  the vendor bears the costs and risks of opening a foreign market.  Drawbacks   risk of losing the technological know-how to the licensee and the lack of strict control over licensees. Franchising The franchisor also generally assists the franchisee to manage the company permanently. As with licensing, the franchiser usually receives a royalty payment, which amounts to a percentage of franchisee’s revenues. Whereas licensing is pursued mainly by manufacturing enterprises, franchising is mainly used by service companies (Dunning and McQueen, 1981). Joint Ventures A joint venture is a joint effort between two or more business entities in order to mutually benefit from a given economic activity.  Foreign Direct Investment a company directly invests in the construction of fixed / non-current assets in a foreign country, in order to manufacture a product in the overseas market ( Hennart  and Park, 1993).  It refers to the actual manufacturing of a product from scratch.  Direct investment has increased control and more risk involved. More control is exercised; however, the level of risk is also increased.

PLACE. Nike's manufacturing were first located in Japan but were later relocated to lower labor locations in South Korea, China, and Taiwan. Nike switched their attention away from labor in South Korea and Taiwan and toward China, Indonesia, and Vietnam as their economies expanded. Most factories are found in Asia, including Indonesia, China, Taiwan, India, Thailand, Vietnam, Pakistan, Philippines and Malaysia ( Nikebiz , 2010).. 

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Nike's manufacturing were first located in Japan but were later relocated to lower labor locations in South Korea, China, and Taiwan. Nike switched their attention away from labor in South Korea and Taiwan and toward China, Indonesia, and Vietnam as their economies expanded.  Most factories are found in Asia, including Indonesia, China, Taiwan, India, Thailand, Vietnam, Pakistan, Philippines and Malaysia ( Nikebiz , 2010).

WHERE ARE NIKE SHOES MADE?
42
COUNTRIES
443
LINE WORKERS
542
FACTORIES
7.4%
1,023,020
WORKERS
59.2%
MIGRANT WORKERS FEMALE WORKERS
85% OF WORKERS LOCATED
IN SOUTHEAST ASIA
TOP 10 NIKE MANUFACTURERS
BY COUNTRY
Country
CHINA
VIETNAM
INDONESIA
TAIWAN
THAI LAND
BRAZIL
SRI LANKA
ARGENTINA
ITALY
80
FACTORIES
100
120 140
Tiffany Duong I
Data: NIKE (July 2018)

PRODUCTS. Footwear. Running Training Basketball Soccer Tennis Golf Baseball Football Cricket Volleyball Walking Wrestling Cheerleading Aquatic Activities Hiking Outdoor Activities Other Sports. 

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Running Training  Basketball Soccer Tennis Golf Baseball ﻿﻿Football ﻿﻿Cricket ﻿﻿Volleyball ﻿﻿Walking ﻿﻿Wrestling ﻿﻿Cheerleading ﻿﻿Aquatic Activities ﻿﻿Hiking ﻿﻿Outdoor Activities Other Sports

Tops T-shirts ﻿﻿Hoodies Pullovers ﻿﻿Jackets ﻿﻿Vests ﻿﻿Pants ﻿﻿Tights ﻿﻿Shorts ﻿﻿Surf ﻿﻿Swimwear ﻿﻿Socks

Timepieces ﻿﻿Sport Balls ﻿﻿Electronic Devices ﻿﻿Eyewear ﻿﻿Bats ﻿﻿Gloves Protective Equipment Golf Clubs Other Sports Equipment

20XX. Strength Strong Brand Image Opportunities Innovative products Threat Impact of Pandemic Weakness Increased competitive pressure Emerging Markets Efficient Integration Poor Labor conditions in Foreign Countries Retailers have stronger Hold Pending Debts Dependency on US markets Lawsuits Counterfeit Products Foreign Exchange Risks Huge customer Base Aimed for sustainability Iconic relationship Superior marketing capabilities. 

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Strength Strong Brand Image  Opportunities Innovative products    Threat   Impact of Pandemic  Weakness Increased competitive pressure  Emerging Markets Efficient Integration  Poor Labor conditions in Foreign Countries  Retailers have stronger Hold  Pending Debts  Dependency on US markets  Lawsuits  Counterfeit Products  Foreign Exchange Risks Huge customer Base  Aimed for sustainability  Iconic relationship Superior marketing capabilities

PEST ANALYSIS. X. 10. PEST Analysis Political Stable Political Environment in Markets Governments’ Policies Trade Policies Political Conflicts Positive labor Rights & Registration Economics Economic Stability of Developed Countries Rapid Growth of Developing Markets Economic Recession Market Collapse Raw Materials Prices/ Availability Currency and Exchange Money Risk Social Growing Concern for Health and Fitness Increased Standard of Living Emphasis on Product Safety Customer Loyalty Political Consumerism Social Pressure for Fair Labor Policies Technological Use of Social Media Platform Dynamic Technology Culture Mobile Technology Innovation with Technology Improving Manufacturing Process Increased Investment in R&D Globally. 

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PEST Analysis  Political Stable Political Environment in Markets  Governments’ Policies  Trade Policies  Political Conflicts  Positive labor Rights & Registration  Economics Economic Stability of Developed Countries  Rapid Growth of Developing Markets  Economic Recession  Market Collapse  Raw Materials Prices/ Availability  Currency and  Exchange Money Risk  Social Growing Concern for Health and Fitness Increased Standard of Living  Emphasis on Product Safety  Customer Loyalty  Political Consumerism  Social Pressure for Fair Labor Policies   Technological   Use of Social Media Platform  Dynamic Technology Culture  Mobile Technology  Innovation with Technology  Improving Manufacturing Process  Increased Investment in R&D Globally

A management technique that includes assessing the political, economic, social, and technical issues that may have an influence on a company.

( Statista.com,2022 ) ). NIKE. ADIDAS. €36.53 bil. 

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Global revenue of Adidas, Nike from 2006 to 2021 (in billion euros)

Nike is the world leading brand . It has the highest revenue $36.53 million euros in year 2021. Compared to Adidas, Nike is the most success attribute to the brand’s marketing campaign as well as sponsorship agreements with celebrity athletes and professional sports teams.

27 S'
24.99
21 .92
20.
'6.92
4.88
'4_53
30.57
.22
3.44
.08
2.76
2006
'4.68
10.3
2.74
2007
'6.74
2.77
2008
6.65
'0.38
2.61
2009
6.47
2.86
2010
8.08
13.32
3.17
201 1
Nike•
2012
14.2
2.99
2013
2.97
201 a
2015
3.63
2016
2017
4.6S
2018
35.13
2019
33.67
9.84
2020
6.81
2021
Adidas Group puma

CONCLUSIONS. On this premise, we may conclude that the Nike start-up does not own any of the factories. Instead, the production operations are completely outsourced, which is more cost effective. The firm was created on the concept of seeking cheaper labor. At the heart of foreign marketing strategy is creative innovation, which has proven to be a significant competitive advantage for the brand. Nike has had constant profitability thanks to its great sports shoes, product variety, and solid relationships with its suppliers and distributors.. 

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On this premise, we may conclude that the Nike start-up does not own any of the factories. Instead, the production operations are completely outsourced, which is more cost effective. The firm was created on the concept of seeking cheaper labor. At the heart of foreign marketing strategy is creative innovation, which has proven to be a significant competitive advantage for the brand. Nike has had constant profitability thanks to its great sports shoes, product variety, and solid relationships with its suppliers and distributors.

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Definition. Technological innovation refers to a series of phases necessary to implement improvement or developing a new process, product or service in order to optimize output.. 

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Technological innovation refers to a series of phases necessary to implement improvement or developing a new process, product or service in order to optimize output.

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BACKGROUND. ‘AURORA’. Aurora was developed in response to a request from the National Library Board to enhance its shelf-reading procedure. Aurora is able to scan shelves with 99% accuracy using radio frequency identification tags and laser mapping technologies, reducing manhours on mundane task, allowing librarians to focus on client assistance.. 

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Aurora was developed in response to a request from the National Library Board to enhance its shelf-reading procedure.  Aurora is able to scan shelves with 99% accuracy using radio frequency identification tags and laser mapping technologies, reducing manhours on mundane task, allowing librarians to focus on client assistance.

Workflow of “Aurora”. . Every night, Aurora examines the shelves independently. The next morning, a report will be generated in which all of the issues that require attention will be highlighted for librarians to take notice of. With the report , librarians able to take precise action to right the books.. 

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Every night, Aurora examines the shelves independently. The next morning, a report will be generated in which all of the issues that require attention will be highlighted for librarians to take notice of. With the report , librarians able to take precise action to right the books.

Manual   To achieve reliable inventory listings, libraries have traditionally had to execute labor-intensive stock takes on a regular basis.

Introduction Video of ‘Aurora’. Link : https://www.youtube.com/watch?v=R5AMHSnccNs&t=115s. 

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Link :  https://www.youtube.com/watch?v=R5AMHSnccNs&t=115s

Advantages DIsadvantages Allow staff to focus on other areas to provide better service. High electricity consumption because it must be operational on a daily basis. Less human-errors by improving the accuracy in locating books in the libraries. High maintenance cost caused by machine failure. No manual stock-taking needed to perform. Not all books can be detected. For instance, books face down on metal surfaces may not be detected. To maximize efficiency in industries that require support with logistics. Unable to return to its docking station at the end of a scheduled scan. Built-in safety sensors, latest anti-collision system. 

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Advantages DIsadvantages Allow staff to focus on other areas to provide better service.  High electricity consumption because it must be operational on a daily basis. Less human-errors by improving the accuracy in locating books in the libraries.  High maintenance cost caused by machine failure.  No manual stock-taking needed to perform.  Not all books can be detected. For instance, books face down on metal surfaces may not be detected. To maximize efficiency in industries that require support with logistics. Unable to return to its docking station at the end of a scheduled scan. Built-in safety sensors, latest anti-collision system

FACTORS THAT AFFECT EMPLOYEES & USER EXPERIENCE. Employees Decrease in Job Employment. “The expensive man-hours required to maintain shelves have been reduced by more than 50%.” ( National Library Board (NLB) Singapore, 2022 ) User Experience Capable of conveniently accessing books at rightful places.. 

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FACTORS THAT AFFECT EMPLOYEES & USER EXPERIENCE

Employees Decrease in Job Employment. “The expensive man-hours required to maintain shelves have been reduced by more than 50%.” ( National Library Board (NLB) Singapore, 2022 )  User Experience Capable of conveniently accessing books at rightful places.

TIMELINE. 2016 Sensorbot is inaugurated. 2017 The first commercialized Aurora has deployed at the Pasir Ris Public Library! 2018 Aurora is implemented at Temasek Polytechnic 2019 2022 2020 Aurora deployed into Korea and participated in an exhibit in Japan with Dai Nippon Printing Aurora has been installed in five libraries in Singapore. Aurora now operates in 16 libraries worldwide. The National Environment Agency of Singapore had successfully implemented a Vision Analytics robot. Expand into the US and European markets. 2021. 

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2016 Sensorbot is inaugurated. 2017 The first commercialized Aurora  has deployed at the Pasir Ris Public Library! 2018 Aurora is implemented at Temasek Polytechnic 2019 2022 2020 Aurora deployed into Korea and participated in an exhibit in Japan with Dai Nippon Printing Aurora has been installed in five libraries in Singapore. Aurora now operates in 16 libraries worldwide. The National Environment Agency of Singapore had successfully implemented a Vision Analytics robot. Expand into the US and European markets.  2021

Statistical Data. ‘A Proven Success: Singapore's National Library Board improves patrons' ability to always find books in the right place.’ (National Library Board (NLB) Singapore, 2022). 

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‘A Proven Success: Singapore's National Library Board improves patrons' ability to always find books in the right place.’  (National Library Board (NLB) Singapore, 2022)

As of today, there are over 27 libraries deployed Sensorbot to assist improved the precision with which books are in libraries. Also, ‘Aurora’ has participated over 16 exhibits.

National Library Board  Statistics Data YA2022 Libraries managed 27 Visitors 9.06 million Loans 29.2 million Programmes 6,000 Exhibitions 16

Source : Singapore  National Library Board  (2022)

STAFF REVIEWS. “Thanks to Aurora, librarians have received fewer queries about where books are located, simply because the books are in their rightful places and patrons can find them easily. So, on the operations side, happy customers, happy staff!”. 

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“Thanks to Aurora, librarians have received fewer queries about where books are located, simply because the books are in their rightful places and patrons can find them easily. So, on the operations side, happy customers, happy staff!”

“Librarians can now focus their attention on other tasks. Reading is still at our core. So, if all the manual jobs can be assisted by robots, my staff can have more time to read, recommend books and connect with patrons.”

CONCLUSIONS. Technological innovation is extremely vital in our daily lives. According to the findings of this study, Patrons may now utilize the library catalogue with confidence, and staff is able to manage their time more effectively to better serve their clients. The purpose is to develop and implement innovative electronic initiatives that give viable solutions for lowering man-power costs while providing customers with a competitively better service that satisfies their expectations.. 

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Technological innovation is extremely vital in our daily lives. According to the findings of this study, Patrons may now utilize the library catalogue with confidence, and staff is able to manage their time more effectively to better serve their clients. The purpose is to develop and implement innovative electronic initiatives that give viable solutions for lowering man-power costs while providing customers with a competitively better service that satisfies their expectations.

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Definition. The ability to maintain or support a process continuously over time. In business and policy context, sustainability seeks to prevent depletion of natural/physical resources to satisfies the demands of the present without jeopardizing future generations' capacity to meet their own needs. 

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The ability to maintain or support a process continuously over time.  In business and policy context, sustainability seeks to prevent depletion of natural/physical resources to  satisfies the demands of the present without jeopardizing future generations' capacity to meet their own needs

STARBUCKS - “To inspire and nurture the human spirit–one person, one cup and one neighborhood at a time.”. 

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STARBUCKS - “To inspire and nurture the human spirit–one person, one cup and one neighborhood at a time.”

Starbucks is a coffee-selling retail chain. A chain is a collection of stores owned by the same corporation. Many of the businesses have the same appearance, and they all offer the same things, typically at the same pricing. Starbucks sells beverages and baked goods in addition to coffee.

PLACES. Starbucks at 50: A Sprawling Coffee Empire Countries with the most/at least one Starbucks store (as of December 27, 2020) united Kingdom 1,039 Canada 1,550 United States 15,340 Source: Starbucks South Korea 1,509 China 4,863 Japan 1,629 Of the 32,938 Starbucks locations worldwide, 51% are company-operated and 49% are licensed stores. statista. 

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Starbucks at 50:
A Sprawling Coffee Empire
Countries with the most/at least one Starbucks store
(as of December 27, 2020)
united Kingdom
1,039
Canada
1,550
United States
15,340
Source: Starbucks
South Korea
1,509
China
4,863
Japan
1,629
Of the 32,938 Starbucks locations worldwide,
51% are company-operated and 49% are licensed stores.
statista

According to Statista, Starbucks are expanding it markets world widely. We could observe that United States owns 15,340 retailer stores.    The company offers most of its products through :  Starbucks cafés. Online Starbucks Store Starbucks App to allow customers to place their orders

“Go Green” Campaign. In 2020, Starbucks' President and CEO, Kelvin Johnson, announced a multi-decade commitment to go green by investing in eco-friendly operations, regenerative agriculture techniques, and an environmentally friendly menu.. 

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In 2020, Starbucks' President and CEO, Kelvin Johnson, announced a multi-decade commitment to go green by investing in eco-friendly operations, regenerative agriculture techniques, and an environmentally friendly menu.

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Corporate Social Responsibility (CSRs) Starbucks Done. 

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Corporate Social Responsibility (CSRs) Starbucks Done

To overcome Deforestation:  “Starbucks has contributed by giving approximately 50 million coffee trees resistant to coffee rust diseases. In addition to the commitment to plant 100 million coffee trees, Starbucks has announced additional support by increasing their contribution to the Global Farmers Fund to 100 million dollars (an additional 50 million) to assist farmers in improving their farming practices to be more productive and sustainable.” - (Starbucks Stories & News,  Building a sustainable future for coffee, together  2019)

A picture containing tree, plant

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To overcome Burning Excessive Fossil Fuels: “Starbucks contributes by sourcing 100% renewable energy for more than 9,000 stores since 2015. On top of that Starbucks announced new investments such as the company’s first on-site solar store in California. - (Starbucks Stories & News, Starbucks solidifies pathway to a planet positive future, 2019). 

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To overcome Burning Excessive Fossil Fuels:  “Starbucks contributes by sourcing 100% renewable energy for more than 9,000 stores since 2015. On top of that Starbucks announced new investments such as the company’s first on-site solar store in California.   - (Starbucks Stories & News,  Starbucks solidifies pathway to a planet positive future,  2019)

Chart, pie chart

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Observation : In 2019, fossil fuels accounted for 84% of global primary energy consumption.

Solar Energy being introduced : Starbucks has claimed a 50% reduction in energy use for roasting and beverage manufacturing in the United States by 2022. Starbucks is spending up to 97 million dollars in up to 23 new community solar projects in New York State, which will provide solar energy to up to 24,000 households, small companies, churches, and institutions. Finally, Starbucks has contributed to the building of a new wind turbine in Washington capable of supplying electricity to around 140 Starbucks locations as well as several communities. We may deduce from the activities that Starbucks is working to create a more sustainable future.. 

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Solar Energy being introduced  :  Starbucks has claimed a 50% reduction in energy use for roasting and beverage manufacturing in the United States by 2022. Starbucks is spending up to 97 million dollars in up to 23 new community solar projects in New York State, which will provide solar energy to up to 24,000 households, small companies, churches, and institutions. Finally, Starbucks has contributed to the building of a new wind turbine in Washington capable of supplying electricity to around 140 Starbucks locations as well as several communities. We may deduce from the activities that Starbucks is working to create a more sustainable future.

Diagram, timeline

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Introduction of ‘Plant-Based Diet” Meal: Definition : Plant-based diet was introduced such as Impossible Burger and Beyond Meat as a substitute to Poultry. By adopting a plant-based diet, we will be able to produce 50% less carbon dioxide, use less water and land compared to meat-eaters. With that being said, Starbucks contributes by introducing their own plant-based meals in 2020 to help reduce greenhouse emission and water usage which features an Impossible Pasta Salad Bowl and an Impossible Pie.. 

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Introduction of ‘Plant-Based Diet” Meal:  Definition : Plant-based diet was introduced such as Impossible Burger and Beyond Meat as a substitute to Poultry.   By adopting a plant-based diet, we will be able to produce 50% less carbon dioxide, use less water and land compared to meat-eaters.  With that being said, Starbucks contributes by introducing their own plant-based meals in 2020 to help reduce greenhouse emission and water usage which features an Impossible Pasta Salad Bowl and an Impossible Pie.

How does ‘Starbucks’ create a Sustainable Environment ?. 

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How does ‘Starbucks’ create a Sustainable Environment ?

Aiming to reduce:  1. 50% reduction in greenhouse gas emission in their operations, value & supply chain  2. 50% of water saved for all global operations, packaging and agricultural supply chain to be replenished or conserved.  3. 50% of waste reduced from stores and manufacturing plants

G O A L  FY21 RESULT  Starbucks commits to reduce greenhouse gas emissions by 50% by FY30 from a FY19 base year In March 2021, Green House Gases reduction goal was validated, target is aligned with a 1.5 degree Celsius pathway. Starbucks reduce water withdrawals from direct operations, stores, packaging and our agricultural supply chain by 50% by FY30 from a FY19 base year 11% decrease compared to FY19. In August 2021, Starbucks published to  replenish and catalyzing holistic watershed health improvements in high risk basins. Starbucks commits to reduce waste sent to landfill from stores (including packaging that leaves stores) and direct operations by 50% by FY30 from a FY19 base year Starbucks diverted 32% of operational waste and 24% of packaging was reusable, recyclable or compostable.

STARBUCKS ALLIANCES. On top of that, Starbucks has also made announcements to help propel the dairy industries to a sustainable future by supporting the Daily Net Zero Initiative which aims to achieve zero greenhouse emission and improvements in water quality on the farms. Starbucks is also joining the Farm Powered Strategic Alliance aiming to repurpose food waste in Starbucks’ supply chain into renewable energy via farm-based anaerobic digesters to support agricultural practices. Anaerobic Digesters produces energy uses food waste and manure (heated in a biotank producing biogas which consist of methane, which is then pumped into the Gas Filtration tank to generate electricity).. 

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On top of that, Starbucks has also made announcements to help propel the dairy industries to a sustainable future by supporting the Daily Net Zero Initiative which aims to achieve zero greenhouse emission and improvements in water quality on the farms.  Starbucks is also joining the Farm Powered Strategic Alliance aiming to repurpose food waste in Starbucks’ supply chain into renewable energy via farm-based anaerobic digesters to support agricultural practices.  Anaerobic Digesters produces energy uses food waste and manure (heated in a  biotank  producing biogas which consist of methane, which is then pumped into the Gas Filtration tank to generate electricity).

CONTRIBUTION TO EMPLOYEES / COMMUNITIES. 05. 

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Local communities : Aims to assist non- profit organizations by providing education and training. Provide volunteering services 520,000 hours around the world. In FY21, 10.4 million and 1.2 million meals were donated in the United States and Canada, respectively.. 

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Local communities :  Aims to assist non- profit organizations by providing education and training.  Provide volunteering services 520,000 hours around the world.  In FY21, 10.4 million and 1.2 million meals were donated in the United States and Canada, respectively.

Empowering staff:  Employees can get online degrees from Arizona State University under the "Starbucks College Achievement Plan.“ Starbucks invested in staff training, including coffee tastings and courses that ultimately qualified for credit at higher education institutions. ( Havard  Business Review, 2016)

FUTURE DEVELOPMENTS BY 2030. Expanding plant-based menu options. 

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Shifting away from single-use to reusable packaging

Investing in regenerative agriculture, reforestation, forest conservation and water replenishment in our supply chain

Innovating with more responsible stores, operations, manufacturing and delivery

Working on better ways to manage our waste

CONCLUSIONS. From the report shown earlier, we can conclude that Starbucks is determined to achieve their goals to make the world a better place by contributing back to the community with tree planting, investing in renewable energy and providing alterative food source. On top of that, Starbucks has been actively providing education and training to encourage continuous learning & providing food donations to help the less-fortunate. With the above initiatives from Starbucks, they will be able to help reduce carbon footprint and create a more sustainable future.. 

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From the report shown earlier, we can conclude that Starbucks is determined to achieve their goals to make the world a better place by contributing back to the community with tree planting, investing in renewable energy and providing alterative food source. On top of that, Starbucks has been actively providing education and training to encourage continuous learning & providing food donations to help the less-fortunate. With the above initiatives from Starbucks, they will be able to help reduce carbon footprint and create a more sustainable future.