Burger King to spend $3.7 million buying local
Barbadian producers can expect more than $3 million in business to come their way this year once fast food restaurant Burger King follows through on a commitment to buy local.
General Manager Ryan Walters told Barbados TODAY that $900,000 of that would be spent on local chicken.
He said the combination of purchases from major suppliers and smaller ones could result in the globally-branded food outlet investing about $3.7 million this year.
“[From] our major suppliers, we should be around the region of $2.7 million . . . That is bread, fries from Massy Distribution, Coca-Cola and soft drink products from B&B Distribution, chicken from Chickmont and vegetables from our local vegetable supplier,” Walters revealed.
But he said those figures did not include what Burger King’s fifth new outlet, opened yesterday at Dome Mall in Warrens, planned to spend for the rest of the year.
The fast food executive also noted that with Burger King’s plans to expand further, more money would be spent at local food suppliers.
Walters acknowledged that when Burger King began operations in Barbados on January 20, 2013, 80 per cent of its supplies was imported. Now, he said, more than half of its food is sourced locally.
“So we have made a big step in terms of being able to procure most of our stuff locally. With the expansion of the franchise into store five and other stores, we expect that that will increase, because obviously, local suppliers are looking for economies of scale, volume, and obviously we are concerned about the price per unit.
“So volume helps and being able to have the infrastructure and invest the capital to qualify to be a supplier for Burger King makes sense if the volumes are big enough for them,” he said.
“So by growing the franchise, we expect that our inputs will go from 54 per cent to 60 per cent, to 75 per cent where our importation of products will become very insignificant.”