McDonald’s Corporation (NYSE:MCD) is no longer selling its popular Big Mac in Venezeula due to a bread shortage in the country.
McDonald’s of Venezuela is currently working to find a solution to the problem. It said it’s working with suppliers to find a way to bring the Big Mac back to its menus. The company also noted that the sandwich being pulled is only a temporary move.
News that the Big Mac had been pulled from McDonald’s menus in Venezuela was first reported on July 20. The fast food chain is feeling the effects of large shortages that are facing the country as inflation hangs at around 700% during its economic crisis.
“I just found out there are no Big Macs. They gave me the other burger,” Gabriel Perales, a 36 year old that traveled to Caracas in search of a Big Mac because his local McDonald’s has closed, told Bloomberg. “Now McDonald’s has problems with flour shortages. Who would have thought?”
Venezuela’s tough economy has been caused by the huge drop in oil prices, which is its main export. President Nicolas Maduro is being blamed for the trouble and his opposition wants to put an end to the socialist economic system that’s been in place in the country for the last 17 years.
The poor economy in Venezuela has caused several item shortages. A sugar shortage resulted in The Coca-Cola Co (KO) pulling Coca-Cola from production in the country and shortages of Church & Dwight Co., Inc.’s (NYSE:CHD) Trojan condoms have caused the price of a 36-pack box of condoms to reach $755.
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