Hormel Rises on the Food Supply Chain with Alternative Proteins and – Wait for it – Pumpkin Spam?
The protein industry is set to be disrupted in 2020 according to the 2019 Farm Animal Investment Risk & Return (FAIRR) Index, and if the sudden rise of "Beyond Meat" and other copycat start-ups is anything to go by, the disruption is already here. The FAIRR Index looks at food companies' resilience to challenges such as antibiotic use, food safety, sustainable proteins, and animal welfare. And Hormel Foods Corporation (NYSE: HRL) is one company that is already embracing alternative raw materials.
The main takeaway from the FAIRR Index is that the best food sector investments will be in companies that recognize the growing demand for sustainable practices. Such companies are expected to face less risk because they will mitigate their exposure to environmental and associated economic threats.
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Source Fool.com
