Chick-fil-A, the popular fast-food chain known for its commitment to using chicken raised without antibiotics, has made a surprising announcement. In light of projected supply shortages, the company has decided to backtrack on its no-antibiotics policy.
Supply Chain Struggles
According to Chick-Fil-A, the decision to revert to using chicken treated with antibiotics was not taken lightly. The company claims that disruptions in its supply chain have made it difficult to meet the growing demand for antibiotic-free poultry.
The Federal Trade Commission (F.T.C.) recently concluded an investigation into major grocers across the country and found that many had taken advantage of supply chain disruptions during the COVID-19 pandemic. The report details how these large retailers engaged in anticompetitive behavior to drive up prices and limit consumer choice.
The International Energy Agency (IEA) has reported that oil markets are set to face a supply deficit for the duration of this year due to ongoing production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+.
Ether’s Fundamentals
According to experts, Ether’s fundamentals are solid, with the upcoming network upgrade, Ethereum 2.0, expected to further boost its value. This upgrade will introduce proof-of-stake consensus mechanism, improving scalability and efficiency.
China’s booming real estate market is experiencing a severe downturn, putting global commodity supplies and suppliers at risk. With the Chinese economy heavily reliant on construction and infrastructure projects, the ripple effects of this crash are being felt around the world. As the world’s largest consumer of commodities, China’s reduced demand has already impacted commodity prices and threatens to disrupt global supply chains.
# Growth in trade volumes may indicate stability in supply chain
The real estate market has been hit hard by the economic fallout of the pandemic, as the demand for existing homes has plummeted. Home prices have seen a significant drop as a result of this collapsed demand, adding to the challenges faced by homeowners and potential buyers alike.
Natural gas supplies in the United States have experienced a significant drop in recent months, as record demand is being forecasted. This sudden decrease in supply poses potential challenges to the energy sector and prompts concerns about rising prices for consumers.
