The electronics manufacturing services (EMS) sector in Malaysia has seen mixed performance in 2024 despite being part of the broader tech upcycle, with rising costs, inflation, and supply chain disruptions offsetting growth from increased global demand and outsourcing trends. Key EMS Performances Winners : SKP Resources Bhd (+76% YTD) V.S. Industry Bhd (+47% YTD) NationGate Holdings Bhd (+51% YTD) P.I.E. Industrial Bhd (+29% YTD) Strugglers : ATA IMS Bhd (-8% YTD) JHM Consolidation Bhd (-36% YTD) Growth Drivers and Challenges Diversification Opportunities : The China+1 and Taiwan+1 strategies have positioned Malaysian EMS players to gain market share. However, reliance on major customers, such as Dyson, continues to be a concern. Cost Pressures : High inflation and production costs have affected profit margins. Company Highlights SKP Resources : Recorded a 27% y-o-y net profit increase , benefiting from a recovery in consumer demand. V.S. Indust...
McDonald’s Corp has announced the return of its popular Quarter Pounders to restaurant menus across the US this week, following an E. coli outbreak that sickened dozens and resulted in one death. The burgers will be served without onions, which have been identified as the likely source of the contamination.
The fast-food giant temporarily removed Quarter Pounders from about 20% of its 13,000 US locations as part of an investigation into the outbreak. However, McDonald’s confirmed that its beef patties were not the cause, after multiple tests conducted by the Colorado Department of Agriculture found no traces of E. coli in samples from both fresh and frozen beef.
“The issue appears to be contained to a particular ingredient and geography,” McDonald’s stated, assuring customers that any contaminated products have been removed from the supply chain. Taylor Farms, the supplier of the slivered onions, has also recalled several batches of the product.
McDonald’s US President Joe Erlinger issued an apology, emphasizing the company’s commitment to safety and pledging to make things right for affected customers.
The Centers for Disease Control and Prevention (CDC) has reported 75 cases of illness and one death across 13 states, with the majority of cases in Colorado. Despite the outbreak, the CDC has stated that the risk to the public is “very low,” thanks to actions taken by McDonald’s and its supplier.
Other fast-food chains have also temporarily removed onions from their menus as a precaution against the E. coli contamination.
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