Fast-food giant's top-selling item threatened by shortage
In late April, Tyson Foods warned that as more and more food plants close due to the coronavirus, “millions of pounds of meat” will disappear.
Wendy’s is now a victim of the oncoming national meat shortage. CNN reports that an estimated one in five restaurants is out of beef. That means around 18% of U.S. Wendy’s are not serving hamburgers — including their beloved Baconator sandwich.
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Wendy’s says it’s more impacted to the shortage because it relies on fresh beef, compared to its competitors, said CNN.
The locations of meatless Wendy’s restaurants depends on whether processing plants in the areas have been shut down. Ohio, Michigan and New York have high rates of meatless Wendy’s, while Arizona, Nevada and Louisiana aren’t as affected.
Financial analyst James Rutherford told CNN that he does not expect Wendy’s profits to be impacted that much if the shortage is fixed sooner rather than later.
McDonald’s CEO Chris Kempczinski told CNBC on April 30 that the franchise has not experienced any break in the supply chain or meat shortages.
In the meantime, Wendy’s has been putting emphasis on their breakfast menu and chicken sandwiches.
Processing plants have been temporarily shut down throughout the U.S. because workers are getting sick from COVID-19.
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