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You’d see this brand-spanking-new KFC in the middle of this sea of brown shacks, and people were in there, loving the product,” he says. While there’s little doubt that the continent will be more challenging than China, he thinks it’s ripe for explosive growth: “Nothing shows that we’re more global than if we can build a business in Africa that no one else has.
KFC’s Big Game of Chicken - Businessweek
Fastfood colonialism. KFC sales are sagging in the US but booming overseas in countries such as China.
Posted on April 17, 2012 with 1 note
Source: businessweek.com
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The McRib was, at least in part, born out of the brute force that McDonald’s is capable of exerting on commodities markets. According to this history of the sandwich, Chef Arend created the McRib because McDonald’s simply could not find enough chickens to turn into the McNuggets for which their franchises were clamoring. Chef Arend invented something so popular that his employer could not even find the raw materials to produce it, because it was so popular. “There wasn’t a system to supply enough chicken,” he told Maxim. Well, Chef Arend had recently been to the Carolinas, and was so inspired by the pulled pork barbecue in the Low Country that he decided to create a pork sandwich for McDonald’s to placate the frustrated franchisees.
But the McRib might not have existed were it not for McDonald’s stunning efficiency at turning animals into products you want to buy.
A Conspiracy of Hogs: The McRib as Arbitrage | The Awl
A singularly brilliant analysis of the McRib as a way McDonald’s exploits commodity market price fluctuations. McRib appears when pork prices go down. Due to the volume handled by McD (and consumed by the world), a few cents fluctuation in price could mean millions of dollars in lost or gained.
Who knew that McRib was the thinking economist or broker’s fastfood sandwich.
Posted on April 11, 2012 with 2 notes
Source: The Awl
