Thursday, April 18

Tag: Fast food

Subway defends on Tuna DNA Controversy
News

Subway defends on Tuna DNA Controversy

CALIFORNIA, 29TH June 2021: One of the world's leading fast food chain Subway Restaurants defends its tuna products and said it utilizes 100 percent wild tuna, after facing a class-action lawsuit and a New York Times report that claimed testing found no tuna DNA in the restaurant chain’s tuna sandwiches. In its report, Subway said NYT report indicates that DNA testing is an unreliable methodology for identifying processed tuna. This report supports and reflects the position that Subway has taken in relation to a meritless lawsuit filed in California and with respect to DNA testing as a means to identify cooked proteins. DNA testing is simply not a reliable way to identify denatured proteins, like Subway’s tuna, which was cooked before it was tested. Unfortunately, various media outl...
McDonald’s Global Sales Surpass 100 bln USD in 2019
BUSINESS

McDonald’s Global Sales Surpass 100 bln USD in 2019

Fast food retail chain McDonald said its annual sales surpassed 100 billion U.S. dollars for the first time. McDonald's Chief Executive Officer Chris Kempczinski, who took charge in November after the former CEO was dismissed, said global comparable sales growth in 2019 was the chain's highest in more than 10 years. "2019 marked a year of significant milestones for McDonald's including surpassing 100 billion dollars in Systemwide sales and achieving our highest global comparable sales growth in over a decade," said Kempczinski. The company said it would spend more on technology and research in 2020, as the world's largest burger chain bets on revamped stores and menu additions to lure diners and gain market share. The company returned 2.3 billion dollars to shareholders throug...
McDonald’s to Acquire Apprente to Automate its Drive thrus Outlets
ACQUISITION

McDonald’s to Acquire Apprente to Automate its Drive thrus Outlets

CHICAGO, IL, September 16, 2019– McDonald to acquire Apprente, an early stage leader in voice-based, conversational technology. The deal advancing McDonald’s technology capabilities between employee and their customers. The announcement comes after extensive exploration with several parties, including evaluating Apprente’s solutions in McDonald’s test restaurants. Apprente was founded in 2017 in Mountain View, California, to create voice-based platforms for complex, multilingual, multi-accent and multi-item conversational ordering. In McDonald’s restaurants, this technology is expected to allow for faster, simpler and more accurate order taking at the Drive Thru with future potential to incorporate into mobile ordering and kiosks. “Building our technology infrastructure and dig...
McDonald’s Acquires AI startup Dynamic Yield in a $300 million deal
ACQUISITION

McDonald’s Acquires AI startup Dynamic Yield in a $300 million deal

McDonald’s Corporation (McD) has acquired an AI-based startup Dynamic Yield in a $300 million deal. Dynamic Yield is a leader in personalization and decision logic technology. With this acquisition of Dynamic Yield, McDonald’s builds on its first technology acquisition for growth.  McDonald’s will utilize this decision technology to provide an even more personalized customer experience by varying outdoor digital Drive Thru menu displays to show food based on time of day, weather, current restaurant traffic and trending menu items. The decision technology can also instantly suggest and display additional items to a customer’s order based on their current selections.    This will enable McDonald’s to be one of the first companies to integrate decision technology into the custome...
McDonalds May Shift Some Jobs to India in Cost-Cutting Move
News

McDonalds May Shift Some Jobs to India in Cost-Cutting Move

Fast food giant McDonalds may be planning to outsource jobs to India as part of a USD 500 million cost reduction plan it announced last November, a media report said. A report said McDonalds is shedding jobs as part of a USD 500 million cost reduction spearheaded by Chief Executive Steve Easterbrook. "McDonald is also moving some functions to India in what could be a larger controversial push toward outsourcing," it quoted sources familiar with the company's plans as saying. A regional office in Columbus, Ohio is among the first casualties of the cost-cutting. McDonalds described the facility's closing as part of "plans to permanently restructure its operations and eliminate a number of roles," in a May 13 letter the company sent to city officials. The layoffs will begin in ...