Mexico’s Tight Avocado Supply Has Chipotle Looking Elsewhere
Guacamole and tortilla chips at a Chipotle in El Segundo, California.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
With avocado prices surging in the U.S., Chipotle Mexican Grill Inc. is looking for new sources of supply.
“The whole country seems to be in love with the avocado,” Chief Executive Officer Brian Niccol said in an interview, noting the fruit has seen the most price volatility in Chipotle’s basket of ingredients. “We’re continuing to work in our supply chain to hopefully not have such big swings.”