Chipotle CEO Scott Boatwright told CNBC that the company has diversified its avocado supply, moving into other countries of origin like Peru, Dominican Republic, and Colombia. He said that today, about 50% of avocados are sourced from Mexico, compared to a previous reliance on Mexican imports. Boatwright also discussed Chipotle's record-breaking restaurant openings last year, attributing their success to their AI-powered hiring assistant, Ava Cado.
Chipotle CEO Scott Boatwright told CNBC's Jim Cramer the burrito maker has managed to diversify its avocado supply .
"We've moved into other countries of origin, like Peru, Dominican Republic, as well as Colombia. And today, only about 50% of avocados are sourced from Mexico.""Our supply chain team has done a remarkable job over the past couple of years with vendor diversification across all ingredients, specifically avocado," Boatwright said."We've moved into other countries of origin, like Peru, Dominican Republic, as well as Colombia.
Boatwright said Chipotle opened 304 new restaurants last year, a record number for the company. He explained that a new artificial intelligence assistantin partnership with software outfit Paradox, known as"Ava Cado," helps Chipotle hire the staff needed for these new locations. Once an applicant applies through Chipotle's digital system, Boatwright continued, the AI assistant asks them initial questions and schedules an interview with the general manager.
AVOCADO SUPPLY CHIPOTLE CEO RESTAURANT OPENINGS AI HIRING
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