A customer walks in a McDonald's restaurant, in London, Tuesday, Aug. 24, 2021. McDonald’s says it has pulled milkshakes from the menu in all 1,250 of its British restaurants because of supply problems stemming from a shortage of truck drivers. The fast-food chain says it is also experiencing shortages of bottled drinks. (AP Photo/Alastair Grant)
McDonald’s says it has pulled milkshakes from the menu in all 1,250 of its British restaurants because of supply problems stemming from a shortage of truck drivers.
The fast-food chain says it is also experiencing shortages of bottled drinks.
“Like most retailers, we are currently experiencing some supply chain issues, impacting the availability of a small number of products,” McDonald’s said in a statement Tuesday. “Bottled drinks and milkshakes are temporarily unavailable in restaurants across England, Scotland and Wales.”
It said it was “working hard to return these items to the menu.”
It is the latest in a series of shortages to parts and products in Britain blamed on a combination of Brexit and the coronavirus pandemic. Britain’s exit from the European Union at the end of last year has made it harder for the bloc’s citizens to work in the U.K., and businesses have also been hit by large numbers of employees having to self-isolate because of possible exposure to the virus.
Industry body the Road Haulage Association says pandemic restrictions over the past 18 months have delayed many new recruits taking their driving tests. The group says Britain is short about 100,000 drivers, from a pre-pandemic total of 600,000.
Last week, chicken chain Nando’s temporarily shut about 50 outlets because of a shortage of poultry. KFC also warned recently that supply chain issues meant it was unable to stock some menu items.
Supermarkets have also reported problems getting some products onto shelves.
The U.K. government has temporarily eased restrictions on the number of hours drivers can work in an attempt to improve the situation.
Upflex Co-founder and CEO Christophe Garnier discusses how his company is working with WeWork to establish the future of work and elaborates on how his startup will use $30 in new funding.
Dan Ives, Managing Director of Equity Research at Wedbush Securities, joins Cheddar News' Closing Bell, where he provides his insight on what Elon Musk's presence means for Twitter, as well as how recent allegations against the Tesla CEO could impact both the social media platform and the EV giant.
Anthony Bartolacci, VP of Financial Institutions at Sensor Tower, joined Closing Bell to discuss the factors dragging down Snap and other social media and tech stocks.
David Stryzewski, CEO of Sound Planning Group, joins Cheddar News' Closing Bell, where he says that rate hikes are driving the market right now and outlines what must be in place for a stock rally.
Andrew Arons, Founder and Partner at Synergy Advisory Management Group, joins Cheddar News' Closing Bell, where he breaks down Tuesday's market action and provides his insight on Snap's historic slide after the comments made by CEO Evan Spiegel.
Peter Andersen, CIO at Andersen Capital Management, joins Cheddar News' Closing Bell, where he breaks down Monday's trading action and discusses whether this could be the start of a new rally or a blip in an otherwise disappointing stretch.
The crypto industry is still reeling from Terra's recent crash. The company's blockchain was temporarily halted earlier this month after the collapse of its cryptocurrency Luna (LUNA) and its stablecoin TerraUSD (UST), which led to almost $45 billion being wiped from the tokens' market caps within a week. Now, many are left wondering what Terra's struggles mean for the broader crypto market. Reeve Collins, CEO of the NFT platform BLOCKv, joins Cheddar News' Closing Bell from Davos 2022 to discuss.
China's largest ride-hailing company will no longer be listed on the world's largest stock exchange. Didi shareholders voted on Monday to delist from the New York Stock Exchange, less than a year after launching a $4.4 billion IPO with the most significant U.S. share offering by a Chinese company since Alibaba debuted in 2014. Since going public in June of last year, around $70 billion has been wiped from Didi's market value and shares of the company have dropped nearly 90%. Now, Didi is expected to begin preparations to list in Hong Kong. Kevin T. Carter, founder and Chief Investment Officer of EMQQ Global, joins Cheddar News' Closing Bell to discuss.
