- Starbucks CEO Kevin Johnson sees the U.S. going through the same trend as China in dealing with coronavirus.
- China reopened factories and most businesses 9 weeks after the virus outbreak was reported.
- That time period would coincide with summer, with warm weather speculated to weaken the coronavirus.
Starbucks thinks the US is seeing a similar trend to China as the coronavirus pandemic spreads rapidly across the world. If a similar trend plays out, the U.S. could see a slowdown of cases in the next two to three months. This, despite U.S. Now officially home to the world’s largest coronavirus outbreak, with more cases than China . Starbucks CEO Kevin Johnson said that the US could take several weeks longer to recover than China . But, given that China has passed the peak of the virus in about three months, there exists a strong possibility that the coronavirus recovery in the U.S. occurs in June or July, as summer comes.
Starbucks reopens % of temporarily shuttered stores in China
China, the initial epicenter of the coronavirus outbreak, essentially shut Down the country for two months after imposing a lockdown on the Hubei region.
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More than million people were not allowed to leave their homes, unable to join the workforce.
After three months of large-scale quarantine and testing, China has started to allow businesses to reopen and individuals to begin working once again.
Factories in China have reopened, but analysts remain puzzled whether the factories can last until the end of the year
in the aftermath of the coronavirus pandemic.Thomas Gatley, senior analyst at research firm Gavekal Dragonomics , Reuters :
The unprecedented shutdown of normal economic activity across Europe, the US and a growing number of emerging markets is certain to cause a dramatic contraction in Chinese exports, probably in the range of a 25 – percent year-on-year drop in the second quarter.
despite the struggles of local companies, major international companies in the likes of Starbucks
resuming the majority of their operations
in China indicate that the nation has clearly passed the peak of coronavirus.
Considering that the virus weakens in warm weather , in the case of the US, scientists foresee the summer season reducing the strength of the virus and the number of new cases being reported on a daily basis.
The abrupt increase in coronavirus cases in the US also coincide with vamped up testing, which suggests that the risk of community spread in new areas is on the decline.
Previously, the Centers For Disease Control and Prevention (CDC) confirmed several cases of possible community spread where an individual confirmed to have coronavirus had no prior contact to a known coronavirus patient.
Starbucks’ optimism bodes well
Starbucks and its executive team’s belief that the US Will soon see the peak of coronavirus as China did is reassuring, particularly because it went through nine weeks of dealing with the virus in China.
Johnson said that the company learned “the playbook” and the “curve” of the virus when stores start to shut down and enter quarantine.
As several major states including California and New York enter lockdown with increased testing efforts, leading epidemiologists predict that the US could be en route to reach
A key variable to the recovery of the US from the virus in the short-term is the
(This article was edited by
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