Understanding Egg Price Surges and Its Impact on Restaurants
The.university of statistical-summary Orchestra show the rise of egg prices.
In March 2023, the U.S. Department of Agriculture (USDA) reported that the cost of eggs had surged by 14%, making them one of the most expensive produce in the world. This significant price increase is attributed to theAvian Flu Outbreak (AFO), which has wiped out millions of hens and disrupted global supply chains. As a result, the cost of eggs has absorbed a substantial portion of the restaurant industry’s profits, creating a critical challenge for businesses that rely on eggs daily.
The LucaSiBefore comprehension, the main elements of the business are clear: the rise of egg prices has significantly increased costs in various sectors, particularly breakfast restaurants.
- Eggs contribute a considerable 18%-25% of the total contribution margin for many restaurants, depending on the specific menu. This heavy burden has led to widespread adjustments in current strategies to mitigate financial losses.
