Why Tyson Is Producing More Meat For Grocery Stores Right Now
As the coronavirus prompts many restaurant chains to shut down the dine-in portion of their businesses, and people cut back sharply on eating in public spaces to avoid potential infection, Tyson Foods (NYSE: TSN) has shifted meat production toward meeting grocery store demand. Food companies use different cuts, packaging, and processing to prepare meats for restaurant kitchens, which operate on a commercial scale, and supermarket meats destined for home cooking.
With many staples selling out at grocery stores across the U.S., Tyson decided to shift its operations toward supplying the sector currently seeing the highest demand. In a company statement published on the Tyson blog, company president Dean Banks pointed out that there is no meat shortage in America at the current time, and the challenge simply lies in moving meat products to the places they're needed most.
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Source Fool.com
