Straw supplier says Starbucks is making the 'right decision'

It’s estimated that more than 500 million plastic straws are used per day in the U.S. But that number could be about to plunge as big corporations like Starbucks (SBUX) start to eliminate them.

On Monday, Starbucks announced that it will stop using plastic straws in its 28,000 stores by 2020. Instead, the company will use a strawless lid on most of its cold beverages, replacing the more than 1 billion green straws the company hands out each year.