Category: chains
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Red Lobster’s new CEO said the seafood chain’s endless shrimp offering caused an all-you-can-eat chaos
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Red Lobster has had a questionable few months. In May, the seafood chain filed for bankruptcy after closing more than 50 locations amid huge losses from an Endless Shrimp promotion that caused chaos. But in August, Red Lobster welcomed a new CEO: Damola Adamolekun, the 35-year-old former CEO of PF…
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Tariffs to reshape auto supply chains
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Investing.com – The auto sector accounts for about 11% of global trade in manufactured goods, but a storm of rising tariffs is likely to lead to a more complicated trade environment, according to analysts at Bernstein. The automotive industry boasts one of the most complex supply chains in the world,…