Description: With a variety of tasty toppings, chicken wings have become a favourite finger food among restaurant and pub patrons. But prices for poultry, canola oil and even chicken feed have been on the rise, meaning that chicken wings have become more expensive. Security of supply is also an issue of concern, leading a Regina pub owner to state “Can you imagine what a wing night on Tuesday is going to be like with no wings?”
Date: September 7, 2021
1) Is wing night a big thing at your university?
2) Have you seen any price or supply issues at your favourite establishments?
3) Pages 6-24 and 6-25 of Wiley’s Financial Accounting: Tools for Business Decision Making discuss the importance of supply chain management and the just-in-time approach. While this technique can reduce holding costs, what does the chicken wing shortage tell us about the possible weaknesses inherent in the strategy?