{"id":298674,"date":"2021-07-14T15:00:19","date_gmt":"2021-07-14T12:00:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/popeyes-stockpiling-chicken-amid-shortages-price-hikes\/"},"modified":"2021-07-14T15:00:19","modified_gmt":"2021-07-14T12:00:19","slug":"popeyes-stockpiling-chicken-amid-shortages-price-hikes","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/popeyes-stockpiling-chicken-amid-shortages-price-hikes\/","title":{"rendered":"#Popeyes stockpiling chicken amid shortages, price hikes"},"content":{"rendered":"

“#Popeyes stockpiling chicken amid shortages, price hikes<\/strong>”<\/p>\n

\n

Fast-food giant Popeyes has been stashing chicken for months amid a nationwide shortage and price hikes \u2014 to ensure it has a healthy reserve of poultry ahead of the debut of its new nuggets later this month.<\/p>\n

The Miami-based chain, which is owned by Restaurant Brands International, has been building its reserve of frozen chicken for over six months ahead of the rollout of its new nuggets on July 27, Popeyes Americas President Sami Siddiqui said in an interview with Fortune<\/a>.<\/p>\n

\u201cDemand is very high right now, and consumer spending is surging\u201d as the country emerges from the pandemic, Siddiqui told the news<\/a> site. \u201cWe\u2019re planning app<\/a>ropriately.\u201d<\/p>\n

\u201cWe work really closely with our suppliers,\u201d he added. \u201cSupply chains are ramping up.\u201d<\/p>\n

The strategy is a major split with the norms of the industry, which prefers to keep inventory lean in normal times. It also shows how companies are trying to protect their supply of chicken during the Great Poultry Crisis of 2021 that\u2019s seen prices soaring and restaurants pull items off their menus.<\/p>\n

Executives from various fast-food joints have explained that a meat-processing slowdown last year caused by pandemic safety measures along with a surge in demand for recently debuted fried chicken sandwiches are largely behind the shortage.<\/p>\n

\"Popeyes
Fast food executives blame the meat-processing slowdown last year caused by pandemic safety measures and the surge in demand for fried chicken sandwiches for the shortage.<\/figcaption>
AFP via Getty Images<\/span><\/figcaption><\/figure>\n

Popeyes, which is owned by Restaurant Brands International,\u00a0sparked the so-called chicken sandwich wars in 2019\u00a0with a $3.99 sandwich that was so popular it sold out at many restaurants. That prompted other chains to seek to compete, including burger joints like McDonald\u2019s, Burger King and Wendy\u2019s.\u00a0<\/p>\n

Executives at Tyson Foods, one of the world\u2019s largest producers of poultry and other meats,\u00a0have also blamed the shortage of chicken on underperforming roosters that aren\u2019t producing as many chicks as expected. <\/p>\n

The\u00a0national labor shortage\u00a0has also hampered meat processors\u2019 abilities to meet demand.<\/p>\n

The National Chicken Council, a trade association based in DC, has resisted calling the situation a shortage, though they\u2019ve acknowledged tightness throughout the supply chain due to a variety of factors. <\/p>\n

With supply limited, prices are soaring. <\/p>\n

Chicken prices for producers jumped 2.1 percent to an all-time high in May, marking the eighth straight monthly increase.<\/p>\n

Companies are searching for ways to reduce their chicken costs. <\/p>\n

Wingstop, for example, announced last month that it\u2019s launching\u00a0a virtual brand called \u201cThighstop\u201d in a bid to get customers to order crispy chicken thighs instead of the traditional wings, which have seen a particularly strong surge in demand and price during the pandemic.<\/p>\n

Wingstop chairman and CEO Charlie Morrison said at the time that the wholesale price of a pound of wings has risen from 98 cents a year ago to $3.22 today.\n <\/p><\/div>\n

If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n

\n

For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

\n

If you want to read more News articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Popeyes stockpiling chicken amid shortages, price hikes” Fast-food giant Popeyes has been stashing chicken for months amid a nationwide shortage and price hikes \u2014 to ensure it has a healthy reserve of poultry ahead of the debut of its new nuggets later this month. The Miami-based chain, which is owned by Restaurant Brands International, has…<\/p>\n","protected":false},"author":1,"featured_media":298675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/07\/popeyes-chicken-75.jpeg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[111819,72312,70551,85888],"class_list":["post-298674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-7-14-21","tag-chicken","tag-inflation","tag-popeyes"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/298674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=298674"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/298674\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/298675"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=298674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=298674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=298674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}