The impact of global warming and climate change is slowly creeping into our chips and dip.
Chipotle, Inc., a popular Mexican restaurant chain, warned investors that extreme weather events “associated with global climate change” might eventually affect the availability of some of its ingredients, including the mushy green condiment, guacamole.
“In the event of cost increases with respect to one or more of our raw ingredients we may choose to temporarily suspend serving menu items, such as guacamole or one or more of our salsas, rather than paying the increased cost for the ingredients”, read Chipotle’s annual report released just last month. Weather or climate can negatively impact the supply of Chipotle’s fresh ingredients, creating a higher demand for products and increased prices for customers.
But Chris Arnold, spokes person for the chain reassured customers it’s a “routine risk factor disclosure”, where restaurants are required to disclose issues that may present risks. Many “risks” that are reported rarely occur, but are periodically revealed to ward off lawsuits and warn investors.