Description: Starbucks has announced that in a bid to reduce waste associated with its popular cold drinks, it is coming out with a new cup with that will cut its plastic footprint by roughly 20 per cent. The company sees this as an industry leading practice and it maintains that the cups will still be sturdy. As a bit of a longer term goal, Starbucks aims to have all of its cups to be reusable, recyclable, or suitable for composting by 2030.
Date: April 18, 2024
Source: ctvnews.ca
Discussion points:
1) Do you have a Starbucks on your campus? How much plastic waste do you think these cups might generate?
2) What else might the company do to reduce plastic waste?
3) Page 6-4 of Wiley’s Financial Accounting: Tools for Business Decision-Making tells us about an important part of accounting for inventory (like cups and other supplies) that is usually done when the store is closed. What is this important activity, and, why do you think it is usually done when the facility is closed?
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