The humanitarian crisis caused by the war in Ukraine, and the precipitating unpredictable operating environment, have led McDonald's to conclude that continued ownership of the business in Russia is no longer tenable, nor is it consistent with McDonald's values.
What might happen going forward is still of course unknown. This is a fast moving situation. What seems for sure though, is that the resilience of the international supply chain is going to be tested like never before in recent memory.
Peru’s avocado shipments dropped last month, year-over-year, as the conflict in Ukraine disrupts commercial markets.
Lots of nations these days have stopped buying from and selling to Russia, including the U.S.
Sanctioned Russian fertilizer and coal tycoon Andrey Melnichenko was quoted by Reuters news service as saying, “One of the victims of this crisis will be agriculture and food,” adding that the war has “already led to soaring prices in fertilisers which are no longer affordable to farmers.”
What does the war in Ukraine have to do with the price of bananas in Ecuador? It sounds like a joke, but it’s not.