Supplier Scandal Puts McDonald’s Sales Forecast “At Risk”, Fracking Drives Up Sand Demand

General Motors says it does not have immediate plans to review supply chain safety standards after a deadly explosion occurred at one of the company’s indirect suppliers in China.

According to McDonald’s, the recent meat supplier scandal has had a significant negative effect on sales, putting the company’s global sales forecast for 2014 “at risk.”

Citing the growing wealth gap in the U.S. and its effect on the economy, Standard & Poor’s has cut its economic growth estimate for the next decade to an annual rate of 2.5 percent, down from the 2.8-percent rate forecasted five years ago.

Sand’s role in hydraulic fracturing has greatly increased its demand. Frackers are expected to use nearly 95 billion pounds of sand this year.

Discuss this:

Your email address will not be published. Required fields are marked *