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.