It’s Finally Time to Pay for Ketchup and COVID

It’s Finally Time to Pay for Ketchup and COVID
The Canadian Press/Graham Hughes
Jeffrey Snider
Updated:
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Commentary 

In the grand scheme, a half-million dollars may not seem like a lot. For a business that runs on relatively thin margins, though, any surprise cost increase can end up making a tremendous difference. So it was for Long John Silver’s circa April 2021. The “Great Ketchup Shortage” had just cost the restaurant chain that five hundred thousand.

Jeffrey Snider
Jeffrey Snider
Author
Jeff Snider is Chief Strategist for Atlas Financial and co-host of the popular Eurodollar University podcast. Jeff is one of the foremost experts on the global monetary system, specifically the Eurodollar reserve currency system and its grossly misunderstood intricacies and inner workings, in particular repo/securities lending markets.
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