Starbucks Struggles with Localization Challenges in China
Starbucks faces challenges in the Chinese market from local brands like Luckin Coffee, resulting in revenue decline. To address this, Starbucks is accelerating store expansion, innovating business models, and developing online channels. The key lies in adapting to Chinese culture and consumer habits through product innovation and supply chain optimization, while also formulating differentiated strategies for lower-tier cities. Starbucks needs to reinvent itself to maintain its leading position in the competitive landscape.
