The chairman of Wendy’s Restaurant’s supply chain cooperative, which is responsible for food purchases for Wendy’s Restaurants, says that because of EPA Renewable Fuel Standards every individual Wendy’s Restaurant has to pay $20,000 to $30,000 more per year in costs and the entire Wendy’s System ultimately pays $174 million more in food costs.
“I never done anything like this in my life but I have a responsibility to my employees, fellow franchisees, customers, and my family to make sure Congress knows a well-intended idea turned out to be a very serious problem and it’s getting worse,” said the Wendy’s Quality Supply Chain Cooperative Chairman Ed Anderson on the renewable fuel standards.
“Today, each of our restaurants pay twenty to $30,000 more per year because of the renewable [fuel standards],” he continued.
“Maybe that’s not a big number for some people, but it is for us. That’s 80 [thousand] to $120,000 more dollars per day for food for over 5,800 restaurants in the U.S.” Anderson explained. “That’s up to $174 million dollars more of current food costs just for the Wendy’s system – 80 percent of which is owned by franchisees like us.”
Wendy’s Quality Supply Chain Cooperative (WQSCC) is a not-for-profit co-op for Wendy’s Restaurant operators that purchases food for Wendy’s Restaurants. The chairman made his remarks on Capitol Hill in late November.