中东战火推高运输与包装成本，美国快餐业遭遇双重夹击

三里河04-01

美以袭击伊朗1个多月后，汉堡、薯条也受到了波及。　　美国投资研究机构伯恩斯坦公司的最新研究报告指出，快餐巨头麦当劳和餐饮品牌国际公司(汉堡王、Popeyes的母公司)正面临“成本上涨+需求降温”的双重夹击。　　据英为财情报道，伯恩斯坦公司在上周三与麦当劳和餐饮品牌国际公司管理层会谈时表示：“伊朗战争可能对餐饮业的需求和供应都产生负面影响，导致能源和商品运营成本上升、部分餐厅关闭以及供应链受限。”　...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2624851284?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2026-04-01 22:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2624851284","market":"us","top_or_hot":-1,"title":"中东战火推高运输与包装成本，美国快餐业遭遇双重夹击","media":"三里河","content":"<div>\n<p>美以袭击伊朗1个多月后，汉堡、薯条也受到了波及。　　美国投资研究机构伯恩斯坦公司的最新研究报告指出，快餐巨头麦当劳和餐饮品牌国际公司(汉堡王、Popeyes的母公司)正面临“成本上涨+需求降温”的双重夹击。　　据英为财情报道，伯恩斯坦公司在上周三与麦当劳和餐饮品牌国际公司管理层会谈时表示：“伊朗战争可能对餐饮业的需求和供应都产生负面影响，导致能源和商品运营成本上升、部分餐厅关闭以及供应链受限。”　...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202604013692329922.html\">网页链接</a>\n\n</div>\n","source":"stock_eastmoney","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>中东战火推高运输与包装成本，美国快餐业遭遇双重夹击</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n中东战火推高运输与包装成本，美国快餐业遭遇双重夹击\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-01 22:40 北京时间&nbsp;&nbsp;&nbsp;<a href=http://finance.eastmoney.com/a/202604013692329922.html><strong>三里河</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美以袭击伊朗1个多月后，汉堡、薯条也受到了波及。　　美国投资研究机构伯恩斯坦公司的最新研究报告指出，快餐巨头麦当劳和餐饮品牌国际公司(汉堡王、Popeyes的母公司)正面临“成本上涨+需求降温”的双重夹击。　　据英为财情报道，伯恩斯坦公司在上周三与麦当劳和餐饮品牌国际公司管理层会谈时表示：“伊朗战争可能对餐饮业的需求和供应都产生负面影响，导致能源和商品运营成本上升、部分餐厅关闭以及供应链受限。”　...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202604013692329922.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0868494708.USD","symbol_name":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","start_time":0,"source_url":"http://finance.eastmoney.com/a/202604013692329922.html","article_id":"2624851284","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2624851284","pubTimestamp":1775054407,"columns":[],"sourceInfo":{"source_id":"stock_eastmoney","name":"东方财富"},"weMediaInfo":null,"summary":"美以袭击伊朗1个多月后，汉堡、薯条也受到了波及。美国投资研究机构伯恩斯坦公司的最新研究报告指出，快餐巨头麦当劳和餐饮品牌国际公司(汉堡王、Popeyes的母公司)正面临“成本上涨+需求降温”的双重夹击。","collect":0,"end_time":0,"defaultTopTitle":"eastmoney.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4581":"高盛持仓","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","LU2279689827.SGD":"JPMorgan Investment Funds - Global Income Sustainable A (mth) SGD-H","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","BK4585":"ETF&股票定投概念","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","MCD":"麦当劳","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4534":"瑞士信贷持仓","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","OIH":"石油服务ETF","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","LU1732800096.USD":"摩根大通环球收益基金A (irc)","OILU":"MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","BK4566":"资本集团","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","BK4610":"咖啡茶饮","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU1069347547.HKD":"AB SICAV I - GLOBAL VALUE PORTFOLIO \"AD\" (HKD) INC","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","LU2347655073.USD":"JPM GLOBAL INCOME \"A\" (USDHDG) INC A","BK4504":"桥水持仓","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","BK4209":"餐馆","LU1035773651.USD":"AB SICAV I - GLOBAL VALUE PORTFOLIO \"AD\" (USD) INC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","BK4588":"碎股","BK4550":"红杉资本持仓","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","DUG":"二倍做空石油与天然气ETF(ProShares)","VDE":"Vanguard Energy ETF","LU0726765562.USD":"JPM GLOBAL INCOME \"A\" (USD HEDGED) INC","OILT":"Texas Oil Index ETF","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","DBO":"原油ETF-PowerShares"},"translate_title":"Middle East wars push up shipping and packaging costs, US fast-food industry suffers a double attack","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MCD":0.9,"VDE":0.73,"OILU":0.73,"DBO":0.63,"OILT":0.73,"OIH":0.73,"DUG":0.63},"content_text":"美以袭击伊朗1个多月后，汉堡、薯条也受到了波及。　　美国投资研究机构伯恩斯坦公司的最新研究报告指出，快餐巨头麦当劳和餐饮品牌国际公司(汉堡王、Popeyes的母公司)正面临“成本上涨+需求降温”的双重夹击。　　据英为财情报道，伯恩斯坦公司在上周三与麦当劳和餐饮品牌国际公司管理层会谈时表示：“伊朗战争可能对餐饮业的需求和供应都产生负面影响，导致能源和商品运营成本上升、部分餐厅关闭以及供应链受限。”　　炮弹的成本，正在被分摊到每一根薯条上。　　战事爆发后，霍尔木兹海峡的通行量骤降。国际能源署不得不启动史上最大规模的联合释储行动，释放约4亿桶石油储备。国际油价一度逼近每桶120美元。　　油价上涨直接推高了餐饮企业的两项成本。　　一是运输成本，联合国世界粮食计划署副执行干事卡尔·斯考指出，受当前战事影响，油价攀升导致粮食运输成本已上涨18%。　　原油提炼的汽油、柴油是卡车、船舶、飞机的主要燃料。油价上涨直接导致原材料运输费用增加，这部分成本通常会通过燃油附加费等形式转嫁给下游。　　另外，餐厅原料依赖的冷链运输和仓储同样需要大量消耗燃油或电力，而发电可能依赖化石能源，其成本也会随能源价格上涨而上升。　　二是包装成本，快餐中常用的塑料杯、包装膜等食品容器，均来源于石化原料。而中东地区恰恰是全球石化产品的重要产地。　　据得克萨斯克斯汀学Ralph Lowe能源研究所统计，海湾合作委员会成员国每年的石化产量达1.5亿吨，约占全球总量的12%，这些产出几乎完全依赖霍尔木兹海峡外销。　　海峡受阻导致的塑化产品紧缺正席卷全球。在韩国，一家过去日产量可达约100吨的塑料薄膜厂，目前仅能生产20至30吨/日。据多家外媒报道，许多国家和地区的居民已经掀起“抢塑潮”。　　供应链分析机构Altana的数据显示，每年流经海湾地区的石化原料、中间体及成品总值约7330亿美元，占全球供应量的22%。霍尔木兹海峡封锁将直接波及包括食品行业在内的价值高达3.8万亿美元的下游商品。　　Altana联合创始人Peter Swartz分析，“长期效应已成定局。企业正为充满不确定性的未来未雨绸缪，转而寻求多元化投资，这无疑会推高经营成本。”　　除了直接成本上涨外，“粮食的粮食”——化肥这种间接原料的成本同样在上涨。　　波斯湾地区承担着全球46%的海运尿素贸易量和30%的海运氨贸易量。每年约有1600万吨海运化肥经霍尔木兹海峡运输，占全球海运化肥贸易总量的三分之一。　　目前，多家海湾国家化肥生产企业已暂停发货，海峡内滞留的化肥运输船超过20艘，所载化肥总量近100万吨。据美国普氏能源资讯公司统计，截至3月中下旬，中东颗粒尿素离岸价已升至604至710美元/吨，相较战事发生前涨价超110美元。　　当前正值北半球春耕，农民面临更高的种植成本，这笔账最终会算在几个月后收获的小麦、玉米头上。当这些涨价的原材料进入供应链，首当其冲承压的就是像麦当劳一样依靠规模效应维持低价的企业。　　消费端的情况也不容乐观。据雅虎金融报道，由于美国低收入消费者在燃油上的支出占收入比例过高，油价上涨相当于在外就餐等可自由支配支出被直接征收了税款。而以性价比为卖点的麦当劳和汉堡王，在美国的核心客群，恰恰就是这些人。　　尽管麦当劳有一套强大的能源和大宗商品套期保值计划，可帮加盟商暂时挡住涨价。但伯恩斯坦警告称，如果能源价格在2026年下半年持续高位运行，这些套期保值最终将以更高的市场价格到期。到那时，加盟商的负担会一下子爆发出来，门店翻新和数字化扩张计划可能被迫放缓。　　供需两端同时受压，麦当劳和汉堡王等快餐公司将被夹在中间，动弹不得。　　他们目前唯一能祈求的，恐怕就是中东的硝烟早日散去。　　(“三里河”工作室)（文章来源：三里河）","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2624851284","isCrawlerRequest":true}