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.
The federal tax collector said Monday that roughly 940,000 people in the U.S. have until May 17 to submit tax returns for unclaimed refunds for tax year 2020, which total more than $1 billion nationwide.
Allies of Florida Gov. Ron DeSantis and Disney have reached a settlement agreement in a state court fight over how Walt Disney World is developed in the future.
Ahead of the WNBA season and in the midst of March Madness, New York Liberty CEO Keia Clarke discusses the team’s new deal with Barclays and bringing even more attention to women’s sports.
U.S. Nissan head Jérémie Papin joins from the New York International Auto Show to give a preview of what’s to come from the carmaker – including the 2025 Nissan Kicks.
Ed Mitzen, the CEO of Business for Good, explains how and why he’s giving back by funding businesses from marginalized entrepreneurs to push social change.
Dana D’Auria, co-CIO at Envestnet, breaks down how she’s expecting markets to perform as ‘cracks’ from the rate hike cycle slowly filter into the economy.
A large cargo ship lost power and issued a mayday call moments before it struck the Francis Scott Key Bridge early Tuesday, though it was still moving toward the span at a rapid speed.
Candace Mitchell Harris discusses her path from computer scientist to founder of beauty tech tool MYAVANA – and how it uses A.I. to analyze each person’s unique haircare needs.
