• Kellogg Is Shutting Down Operations in Venezuela Amid the Economic Crisis

    8 monthes ago - By Fortune

    Corn Flakes may be even scarcer in Caracas.
    Kellogg k
    said Tuesday it will discontinue operations in Venezuela immediately, blaming the country's "economic and social deterioration," the company said in an emailed statement.
    The food giant is just the latest international company to partially or completely close shop in the troubled and chaotic nation, following others such as Kimberly-Clark kmb and Colgate-Palmolive cl
    . Poor access to raw materials and scarce dollars to import goods due to currency controls impaired Kellogg's ability to operate its Venezuelan subsidiary, the company said...
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