U.S.-based Kellogg became the latest multinational to pull out of Venezuela due to the oil-rich country’s economic crisis, the latest business to end operations in the oil-rich nation heaving under hyperinflation and strict price controls.
“In December of 2016, Kellogg deconsolidated its Venezuela business from the company’s results. The current economic and social deterioration in the country has now prompted the company to discontinue operations,” Kellogg said in a statement.
Kellogg pulls out of Venezuela due to economic crisis
Corn flakes is not complicated: You get the corn, you press the corn, you add vitamins and minerals to the corn, you bake the corn, you package the corn.
Simple, right? Yet, The Venezuelan Revolution and Full Fledged Socialism has managed to make those simple tasks impossible.
so Kelloggs doesn’t want to do business with Trump supporters, but can’t do business with Bernie supporters.
Sounds like they’re screwed.
I just realized that Venezuela is “Get Woke, Go Broke” in steroids.
Corn flakes were literally invented by accident. John and Will Kellog were trying to make, essentially, Graham Crackers… But they bungled the recipe and the dough went stale. Hoping to salvage something from it, they feed it through the rolling machine trying anyway. Instead of the long thin sheets they wanted, they got these little dry flakes.