This is HUGE news coming in as the aftermath of the pandemic. Starbucks has announced that it will close about 400 stores in North America with 200 of them in Canada. This is a perfect example of how companies are shifting their strategy to align to the new world order created by the Corona Virus pandemic.
https://www.cnn.com/2020/06/10/business/starbucks-closing-400-stores/index.html
Starbucks has said that they are now strategizing to do more take outs than sit in/dine in operations which makes the most sense at this point in time.
I think companies will have to readjust just like Starbucks did and somehow make a different business model that will work for them to keep them above water. Let's see what other companies come up with to stay alive!
