Today in the USA
Gearing for growth as profits soar
Misleading characterisation of Tyson
Claims by environmental group Mighty Earth that Tyson Foods is a major contributor to a large ‘dead zone’ in the Gulf of Mexico have been denied by the meat company, which says it is committed to improving the environment.
“We share this group’s concern about the environment but disagree with its misleading characterisation of our company,” said a Tyson Foods spokesperson.
The Mighty Earth report identified companies allegedly responsible for manure and fertiliser pollution that is contaminating water from the USA interior through to the Gulf of Mexico. It suggests that
the ‘dead zone’ is caused by pollution, most of which is the result of corn and soy used by meat companies to grow their animals. Tyson Foods stood out for its footprint in all regions that suffer from pollution caused by industrial meat and feed production.
However, Tyson Foods has hit back with a detailed environmental commitment that includes an environmental management system at each of its facilities to enable a more sustainable operation, continued focus on more recycling, and a long-term participation in the EPA’S Smartway energy conservation programme.
Tracing food’s origin
Livestock farmers in Arkansas have adopted technology that will tell customers exactly where their food originated.
Aiming to provide customers with the absolute assurance of where their food originates, Grass Roots Farmers Cooperative are the first US producers to use blockchain technology to trace products from the farm to the fork.
“A recent study confirmed that 83% of consumers want more information about what’s in their food,” said Cody Hopkins, general manager and founding member of Grass Roots. “This technology is the perfect way to offer folks total transparency.”
To check the origin of their food, customers scan a QR code that then provides information on the supply chain, from farmer through to processor.
Profits soar at Pilgrim
Second quarter income soared at poultry processor Pilgrim’s Pride, which posted a $233 million profit off the back of a robust quarterly performance that saw sales hit the $2.25 billion.
The sterling results are attributed to a diverse blend of chicken products, including mixed bird sizes ranging from small bird through to tray pack and large deboned birds.
“This portfolio approach is working well and is what fundamentally differentiates us from the competition, giving us the potential to reduce volatility and generate higher margins over time,” said CEO Bill Lovette, adding that health is one on-trend food area that had “potential” for the business.
Tyson restructures for agility
As part of a drive to support its growth strategy, Tyson Foods has restructured its organisation, with elected executives overseeing its prepared, poultry, fresh meats and international divisions.
Tom Hays, president and CEO of the leading food producer, said market dynamics requires that Tyson becomes more agile while still focusing on customers, consumers and the businesses.
“This simple design creates individual responsibility for the performance of our segments to enable better, faster decisions,” he said.¡
The articles above have all been compiled by the Editor and do not necessarily represent the views, opinions or positions of SAPA.