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Search resuls for: "Shawn Baldwin"


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☆ The rise of McDonald's in China
  + stars: | 2023-02-28 | by ( Shawn Baldwin | Jeniece Pettitt | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe rise of McDonald's in ChinaWith 60 million customers daily and more than 40,000 locations in over 100 countries McDonald's is one of the world's largest restaurant chains. And it is about to get even bigger. The fast food giant said it plans to open 1,900 new restaurants in 2023. Almost half of those locations will be in China. But the chain has faced headwinds along the way including lockdowns due to Covid-19 and competition from rivals like KFC.
☆ How McDonald’s won over China
  + stars: | 2023-02-28 | by ( Shawn Baldwin | ) www.cnbc.com   time to read: 1 min
McDonald's is one of the world's largest restaurant chains, drawing 60 million customers daily at more than 40,000 locations worldwide. The fast food giant plans to open 1,900 new restaurants this year, almost half of them in China, McDonald's CFO Ian Borden told analysts on an earnings call in January. McDonald's got its start in China in the early '90s. Today, the chain has more than 4,500 restaurants in mainland China and Hong Kong with considerable room for growth. Even still, China is McDonald's second-largest market by store count, behind the U.S.
☆ Meet the robots replacing fast-food workers
  + stars: | 2023-01-20 | by ( Shawn Baldwin | Jeniece Pettitt | Andrew Evers | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeet the robots replacing fast-food workersU.S. fast food eateries are struggling to find workers. To fill that void restaurants are turning to robots. With its mechanical arm and using computer vision technology Miso Robotics' Flippy 2 can cook everything from french fries and onion rings to cheese sticks. White Castle said it plans to add 100 Flippy's to its kitchens' nationwide. Automation could save U.S. fast food restaurants over $12 billion in annual wages, according to restaurant consultancy Aaron Allen & Associates.
☆ How robots are helping address the fast-food labor shortage
  + stars: | 2023-01-20 | by ( Shawn Baldwin | ) www.cnbc.com   time to read: +1 min
Struggling to find workers and eager to relieve staff from boring, repetitive tasks, fast-food restaurant chains are adding robots to their kitchens. Using artificial intelligence, computer vision technology and a mechanical arm, Miso Robotics' Flippy 2 has been deployed to Chipotle, White Castle and Wing Zone. White Castle said it plans to add 100 Flippy robots to work the fry station at its restaurants nationwide. Automation could save U.S. fast-food restaurants more than $12 billion in annual wages, the group said. CNBC got a behind-the-scenes look at restaurant robot maker Miso Robotics to find out.
☆ Why the hearing aid industry is poised to grow
  + stars: | 2022-11-05 | by ( Shawn Baldwin | Jeniece Pettitt | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the hearing aid industry is poised to growThe global hearing aid market was valued at over $10 billion in 2021. Critics argue that the five largest manufacturers, who control more than 90% of the market, have kept prices high. But a recent ruling by the Food and Drug Administration allowing for the sale of over-the-counter hearing aids could improve access for millions. The new devices, for adults with mild to moderate hearing loss, cost as little as $199 and can be purchased at retailers like Best Buy, CVS and Walmart.
☆ Why hearing aids are so expensive
  + stars: | 2022-11-05 | by ( Shawn Baldwin | ) www.cnbc.com   time to read: +1 min
An estimated 48 million Americans have some form of hearing difficulty, according to the Hearing Loss Association of America. A typical pair of hearing aids in the U.S. goes for between $2,000 and $8,000, including fitting fees and follow-up services. But a recent ruling by the Food and Drug Administration allowing for the sale of over-the-counter hearing aids could improve access for millions. Stavros Basseas, co-founder and chief technology officer of manufacturer Sound World Solutions, said, "The hope is that in this country the new category will have a tremendous effect in lowering the price, not only for the over-the-counter hearing aids, which will be low, but for also the traditional hearing aids." So why are hearing aids so costly, and what impact will over-the-counter devices have on people with impaired hearing?
☆ This 53-year-old 'fish mongress' earns $200,000 a year: 'You just do what needs to be done'
  + stars: | 2022-10-23 | by ( Kamaron Mcnair | ) www.cnbc.com   time to read: +3 min
The 53-year-old is a fourth-generation fish mongress in Massachusetts. Her great-grandfather founded Foley Fish back in 1906, and it's been in the family since. 'You just do what needs to be done'Ramsden clocked her first hours for Foley Fish during the summer she was 15. Shawn Baldwin | CNBC Make ItAnd being a fish mongress has never meant less work for her than a man would take on. In Ramsden's role, every day can look different depending on what needs to get done, from package design to product evaluations.
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