Hold onto your wallets, friends! Looks like we might be shelling out a bit more dough for our favourite Tim Hortons treats pretty soon. The chain’s parent company, Restaurant Brands International (RBI) Inc., said price hikes are expected this year amid supply chain issues and higher costs of labour and food.
According to BNN Bloomberg, the CEO of RBI Inc. Jose Cil said on a recent phone call with analysts that, “given the level of commodity costs and labour inflation we’re seeing, we expect additional price increases in 2022.”
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RBI Inc. also owns a number of other chains, including Popeyes Louisiana Kitchen and Burger King, so it’s possible that we’ll be paying more for our fried chicken and cheeseburgers pretty soon too. Curiocity has reached out to RBI Inc. for more details and we’ll update the story when we hear back.
Fast food companies are getting hit hard by supply chain issues lately. Chick-fil-A told Curiocity that its Canadian restaurants are experiencing intermittent challenges with some of its menu items.
The chain posted a notice on its website saying that some items may be unavailable or prepared differently due to global supply chain issues.
Plus, the recent flooding at the Port of Vancouver caused a shortage of french fries at McDonald’s restaurants in Japan, and supply chain issues in the U.S. caused hash browns to go out of stock at locations in Taiwan.
After what the past two years have put us through, please just let us have our hash browns.