McDonald’s, 7-Eleven and mayonnaise maker Kewpie are just some of the firms in Japan contending with the worst-ever global outbreak of bird flu.
Of 100 listed restaurant companies in Japan, 18 had suspended egg-related items as of Sunday, according to Teikoku Databank.
Fewer hens led to a near doubling in the wholesale price of the farm staple last month to ¥327 (US$2.38) from a year earlier, the research firm said on Tuesday.
Photo: Bloomberg
That means McDonald’s Holdings Co Japan Ltd’s Teritama Muffin is off the menu.
The breakfast sandwich, which combines egg, sausage and teriyaki sauce, is typically offered in spring each year.
The fast-food giant has also warned it could temporarily halt sales of hamburgers that contain eggs if supply disruptions persist.
OUTBREAKS
Japan is just one of many countries wrestling with an outbreak that has sent egg prices skyrocketing in the US and caused a shortage of baby chicks in China.
At a time of heightened inflation fears around the globe, the unprecedented spread of the disease is yet another reminder of the grim impact of pandemics on markets for food.
Japan confirmed its first case in October last year, beginning the earliest bird flu season the country has seen, the Japanese Ministry of Agriculture, Forestry and Fisheries said.
The disease has spread to more than half of the nation’s prefectures, forcing the cull of about 15 million birds, the ministry said.
7-Eleven, owned by Seven & i Holdings Co and one of the many convenience stores ubiquitous across Japan, suspended the sale of some egg products in January.
VEGGIE SWAP
Other measures have included swapping in vegetables for eggs in its tuna sandwiches, as well as increasing the portion of meat in its ham and egg offering.
Condiment-makers Kewpie Corp and Ajinomoto Co have said they would raise prices from next month for products like mayo and tartar sauce amid the surge in costs of one of their key ingredients.
STATE SUBSIDIES: The talks over a factory in Dresden have a top end on par with what Japan is offering TSMC and outdo a cap other firms are being offered in Europe Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s biggest contract chipmaker, is in talks to receive German government subsidies for as much as 50 percent of the costs to build a new semiconductor fab in the country, people familiar with the matter said. The government is in ongoing negotiations with TSMC, as well as its partners on the project — Bosch Ltd, NXP Semiconductors NV and Infineon Technologies AG — the people said, asking not to be identified because the deliberations are private. No final decisions have been made and the final subsidy amount could still change. Any state aid must also
South Korea would avoid capitalizing on China’s ban on a US chipmaker, seeing the move by Beijing as an attempt to drive a wedge between Seoul and Washington, a person familiar with the situation said. The South Korean government would not encourage its memorychip firms to grab market share in China lost by Micron Technology Inc, which has been barred for use in critical industries by Beijing on national security grounds, the person said. China is the biggest market for South Korea semiconductor firms Samsung Electronics Co and SK Hynix Inc and home to some of their factories. Their operations in China
GEOPOLITICAL RISKS: The company has a deep collaboration with TSMC, but it is also open to working with Samsung Electronics Co and Intel Corp, Nvidia’s CEO said Nvidia Corp, the world’s biggest artificial intelligence (AI) GPU supplier, yesterday said that it is diversifying its supply chain partners in order to enhance supply chain resilience amid geopolitical tensions. “All of our supply chain is designed for maximum diversity and redundancy so that we can have resilience. Our company is very big and so we have a lot of customers depending on us. And so our supply chain resilience is very important to us. We manufacture in as many places as we can,” Nvidia founder and chief executive officer Jensen Huang (黃仁勳) said in response to a reporter’s question in
POWER FORWARD: The US company’s bullish revenue projection also lifted the shares of Taiwanese chipmaker TSMC and Japanese equipment supplier Advantest Nvidia Corp’s forecast for surging revenue surprised even the most bullish analysts on Wall Street, propelling the chipmaker to the cusp of a US$1 trillion market capitalization and igniting a global jump in stocks linked to artificial intelligence (AI). The Santa Clara, California-based company gained as much as 29 percent in extended US trading, on course for a record high, after saying it expects sales to reach about US$11 billion in the three months ending July. That gain puts Nvidia on track also to rack up the biggest one-day valuation jump in US company history. Nvidia, the biggest supplier of the advanced