>Last week the top manufacturer for McDonald's fries closed a plant down.
>Not a coincidence or anything
>Do not dig
McDonald’s Largest French Fry Supplier Just Announced a Big Change
Will there be a shortage?
By Andrea Lobas Published on October 11, 2024
…The largest French fry producer in North America and a significant supplier to fast food chains, restaurants, and grocery stores, Lamb Weston, is closing a production facility in Washington state. The company announced that it will lay off nearly 400 employees from the Connell plant and temporarily scale back production lines elsewhere. Additionally, Lamb Weston will be reducing approximately 4 percent of its global workforce in this restructuring effort. This is in response to declining customer demand and oversupply issues. “Restaurant traffic and frozen potato demand, relative to supply, continue to be soft, and we believe it will remain soft through the remainder of fiscal 2025,” said Tom Werner, President and CEO of Lamb Weston.
…Lamb Weston spokesperson Teresa Paulsen issued a statement to Today.com: “Lamb Weston is confident in the world’s ongoing love of fries—the closure of one of our older facilities accounts for less than 5 percent of our production capacity, so this adjustment simply helps address a current supply-and-demand imbalance.”
https://www.allrecipes.com/mcdonalds-french-fries-plant-closing-oct-2024-8726960
Major McDonald's french fry supplier closes plant in Washington, slashes jobs as inflation continues
Lamb Weston stated that the restructuring of the company would not impact customers
By Louis Casiano FOXBusiness
A major french fry supplier is cutting jobs as customers continue to count their pennies amid inflated prices at fast-food chains.
Lamb Weston, the largest producer of french fries in North America, announced last week it was closing its plant in Connell, Washington, meaning 375 employees, or 4% of its workforce, would be laid off, according to an earnings report released last week.
"Restaurant traffic and frozen potato demand, relative to supply, continue to be soft, and we believe it will remain soft through the remainder of fiscal 2025," Tom Werner, Lamb Weston president and CEO, said last week on an earnings call.
…Fast-food chains have felt the consequences of inflation as cash-strapped customers have been more careful about patronizing many restaurants. A survey in May revealed that 80% of Americans considered fast food to be a "luxury" because of high prices.
https://www.foxbusiness.com/economy/major-mcdonalds-french-fry-supplier-closes-plant-washington-slashes-jobs-inflation-continues