Tyson Foods' Strategy for Cooking Up Protein Profits
The largest U.S. meat processor and producer of Ball Park hot dogs, Tyson Foods, is looking to stay on top of the competition through innovative technology and savvy investments. Sally Grimes, Group President of Prepared Foods at Tyson Foods was with us to explain how the company is staying ahead of consumer trends and market changes.
One major trend shaking up the food business is the "snackification" of food. She defines it as the consumers need to have food that allows one to be flexible. Grimes said all brands at Tyson are focused on catering to the on-the-go lifestyle. Tyson just revealed its new Green Street brand, which includes 100% plant-based grab & go bowls.
Tyson is preparing for a future that delivers options for consumers. She said the company is noticing a rise in "flexitarians." Meat consumption is going up, but consumers increasingly want a mixture of foods. That's why Tyson is investing in companies such as Beyond Meat and Tovala Food. Tovala has its own cloud-connected smart oven.
When it comes to an acquisition of Blue Apron, Grimes said Tyson keeps an open mind in its M&A strategy. However, she stressed Tyson's ability to find success internally with its own meal-kits.
Stocks are near record highs, inflation is moderating, and analyst Deiya Pernas is 'optimistic' the U.S. is heading for a soft landing without a recession – which is good news for your wallet.
Google co-founders Larry Page and Sergey Brin loved pulling pranks, so much so they began rolling outlandish ideas every April Fools' Day not long after starting their company more than a quarter century ago.
Sam Bankman-Fried co-founded the FTX crypto exchange in 2019 and quickly built it into the world’s second most popular place to trade digital currency. It collapsed almost as quickly — by the fall of 2022, it was bankrupt.
The economic effects of the Baltimore bridge collapse, Americans are living longer but not better, and Gen Z and millennials are struggling to afford rent, let alone a mortgage.
Zainab Salbi, founder of Women for Women International and co-founder of Daughters for Earth, shares why she is putting women in positions of power to fight the climate crisis.
