Americans are revolting against McDonald’s and fast-food chains. That’s hurting french fry suppliers like Lamb Weston.
Lamb Weston, the largest producer of french fries in North America and a major supplier to fast-food chains, restaurants and grocery stores, is closing a production plant in Washington state. The company announced last week that it would lay off nearly 400 employees, or 4% of its workforce, and temporarily cut production lines in response to slowing customer demand.
Customer traffic to fast-food chains dropped 2% last quarter and 3% the previous quarter compared to the same time last year, according to Lamb Weston.
I don’t frequent fast food chains much. The 5 Guys near me closed down, but I noticed Apache burgers have been downsized when I indulged a few weeks ago.
18 bucks USD for a McD’s meal? That’s insane.
