Plant-based meat is all the rage, and protein-giant Tyson Foods plans to fully compete in the space. After
investing in alternative meat maker Beyond Meat, Tyson exited its 6.5%
investment in late April 2019 ahead of Beyond Meat’s initial public
offering. “We have all the resources available to us from a culinary
standpoint, R&D standpoint, manufacturing, distribution,” Tyson
Foods CEO Noel White told Yahoo Finance at the World Economic Forum in Davos, Switzerland.
“We have solid customer contacts. So it's a space that we want to fully
compete in, use all the resources that are available to us, and be a
strong competitor in the marketplace.” The largest meat producer in the U.S. introduced its own line of plant-based products in its new Raised & Rooted brand
in June. “We rolled out our offering this summer, and it's gone very
well,” White said. “We are now in over 7,000 retail stores in the United
States, and there's a series of products that we'll be rolling out over
the course of the next 12 to 18 months in all different varieties, in
all different forms, both branded, including some of our legacy brands
that we have in the marketplace today, that will be both meat-based
protein as well as alternative proteins.” Beyond
Meat and Impossible Foods are some of the more high-profile plant-based
protein makers as of late, but larger and more legacy food producers
like Tyson Foods and Nestlé have also jumped on the bandwagon. Some
analysts argue that companies like Tyson Foods and Nestlé have an upper
hand because of their deeper pockets, established supply chains and
stable infrastructure...MORE
Issues of concern to people who live in the west: property rights, water rights, endangered species, livestock grazing, energy production, wilderness and western agriculture. Plus a few items on western history, western literature and the sport of rodeo... Frank DuBois served as the NM Secretary of Agriculture from 1988 to 2003. DuBois is a former legislative assistant to a U.S. Senator, a Deputy Assistant Secretary of Interior, and is the founder of the DuBois Rodeo Scholarship.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment