The Hidden Supply Chain Making Every Menu Feel Familiar

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Odd Lots 42 min 8 speakers 8 chapters transcribed 1 month ago
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What is the hidden supply chain that makes every restaurant menu feel familiar?

Carol Masser 0:00
Gain insight on the innovators, disruptors, and tech-driven trends shaping today's complex economy. I'm Carol Masser. And I'm Tim Stenovek.
Nick Goodall 0:08
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Carol Masser 0:11
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Nick Goodall 0:24
Subscribe to the Bloomberg Business Week Daily Podcast on Apple, Spotify, or anywhere you listen.
Carol Masser 0:32
Bloomberg Audio Studios Podcasts, radio, news.
Tracy Alloway 0:48
Hello and welcome to another episode of the All Thoughts Podcast. I'm Tracy Alloway.
Joe Weisenthal 0:52
And I'm Joe Weisenthal.
Tracy Alloway 0:53
Joe, I have a question.
Joe Weisenthal 0:54
Go on.
Tracy Alloway 0:56
What is your favorite chain restaurant? It has to be a sit down chain restaurant.
Joe Weisenthal 1:01
Sit down chain restaurant. That's a really good question. You know, I r I actually really like chilies. I think they have ri their fajitas are absolutely legit. And I say this as someone who has eaten quite a lot of Tex Mex fajitas from my time in Texas and so I think I have credibility. And as a kid, and I haven't been there in years, but I still think my memory of the food is really good. I love cracker barrel.
Tracy Alloway 1:22
Ooh, breakfast at Cracker Barrel is really, really good. Well, I bring it up because today we are going to be answering the question of where all of these restaurants actually get their food from.
Joe Weisenthal 1:32
That's a great question. I don't I don't know anything about I don't know anything about sit-down chain restaurants. I mean, I don't know anything about most chain restaurants, period, let alone fast food ones. But the world of sit down ones that are real restaurants. Or there's waiters, waitresses, et cetera. I don't know what I think about.
Tracy Alloway 1:48
You're not interested in my favorite restaurant? Oh
Joe Weisenthal 1:50
sorry.
Tracy Alloway 1:51
This is how it works. I ask you a question and you reciprocate.
Joe Weisenthal 1:54
I was going to and I was planning to and then you like turned a ninety degree angle to talk about how like to talk about we were gonna start answering the question of where these come from. It was like, Oh okay, I guess we're going on to some new direction here. We could just keep talking about favorite restaurants. Tracy, what is your favorite restaurant to sit down in?
Tracy Alloway 2:10
I actually have many. Okay,
Joe Weisenthal 2:11
go on.
Tracy Alloway 2:12
Um Red Robin. Used to love that place. They had a salad that was basically just a plate of chicken tenders. It was so good. But billed as a salad. Um Fridays. Used to love that place. It's so American. I know. And there was one in London and it was like my anchor to America in the early two thousands. And chilies. And chilies. Chili's with my blog. Chilies with my brother. You like chilies too. Yeah. Yeah.
Joe Weisenthal 2:33
Yeah. It's legit. Keep going. Yeah, I we're gonna make up for the fact that I didn't ask you, but now I'm just keep going. Let's just go. Well one
Tracy Alloway 2:38
thing one thing I did realize recently, I've never been to an olive garden. I don't know why that is.
Joe Weisenthal 2:43
I've been a few times. It's not terrible. I don't think like I've I've been I've even been to the one in Times Square.
Tracy Alloway 2:49
Yeah. Um
Joe Weisenthal 2:51
I feel like
Tracy Alloway 2:51
it's very hard to make carbs badly, right? It's just pasta and bread. Yeah. Uh it's good. Okay. All right. I am gonna move the conversation on now.
Joe Weisenthal 3:02
Apple B is a bit of the one in Times Square there. Solid. I do not like Apple B. Why do we have to move the conversation on? I don't get it. Why can't we just Keep talking about sit-down restaurants.
Tracy Alloway 3:11
All right. Well, we'll get back to them. We'll get to our recommendations. But on a serious note, uh, one of the reasons we are interested in this subject is because we did a series last year called Beat Capitalism, where we talked a lot about agriculture and the chicken industry specifically, and antitrust and monopolies and things like that. And one of the things that stood out to me from that series. was a comment from Doha Meki, who is the former assistant attorney general, where she talked about the tyranny of the middleman in the economy. And I think this is something that people are, you know, perhaps just waking up to.

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