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.
Jordan Zakarin, Media Producer at A More Perfect Union, joined Cheddar News to break down the latest from Colorado, where at least 8,700 Kroger employees walked off the job in demand of increased benefits and wages.
Thomas Hayes, Chairman at Great Hill Capital, joined Wake Up With Cheddar to break down what to look for on the economic front in the coming months amid an Omicron surge and planned interest rate hikes.
Stocks closed lower Tuesday with investors initiating a broad sell-off, leading the Dow to have its worst day of 2022 so far as it had its biggest decline since November. Investors are eyeing treasury yields, which have surged to pre-pandemic highs, as well as looking ahead to the Federal Reserve's path forward when it comes to raising interest rates. Meanwhile, as earnings season kicks off, Goldman Sachs shares are under pressure after a lackluster earnings report. Goldman is weighing on bank stocks as a whole. Jeff Buchbinder, Equity Strategist for LPL Financial, joins Cheddar News' Closing Bell to discuss today's close, why treasury yields are ticking higher toward pre-pandemic levels, big bank earnings reports, and more.
Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, joins Cheddar News' Closing Bell, where he says he believes we'll eventually see Bitcoin reach the $100,000 mark despite its recent struggles, and explains why Bitcoin will be less volatile than the Nasdaq.
Food waste is a major contributor to greenhouse gas emissions in the United States. Strella Biotechnology is trying to solve the problem by introducing new technology to a business that's been around for generations -- farming. The 24-year-old CEO created hi-tech sensors that interpret the shelf life of produce and alert farmers when fruits and vegetables are ready to be sent to supermarkets. The company says the process can help farmers make money, reduce food waste and increase the quality of produce. Strella Biotechnology's co-founder and CEO Katherine Sizov and co-founder and COO Jay Jordan joined Cheddar Climate to discuss.
Adele Shraiman, Campaign Representative for the Sierra Club’s Fossil Free Finance Campaign, joins Cheddar Climate, where she explains how Wall Street and climate change are related. She also elaborates on how decisions made by financial institutions are actually hurting the ability to reduce carbon emissions.
Hugh Odom, founder and president of Vertical Consultants, shared his expertise on telecommunications with Cheddar on the safety issue raised about 5G deployment by airlines. The installation was partially delayed again on Tuesday as the airlines warned of potentially catastrophic delays in a letter to the Biden administration. Later, both Verizon and AT&T relented and put a pause on some of the implementations. "The first thing the Biden administration needs to do is get everybody in the room and say, look, aviation industry, identify the problem — wireless industry, come up with a solution," said Odom.
