Monday, April 27, 2020

The food supply chain is breaking,' Tyson says as plants close

New York (CNN Business)Tyson Foods (TSN) is warning that "millions of pounds of meat" will disappear from the supply chain as the coronavirus pandemic pushes food processing plants to close, leading to product shortages in grocery stores across the country.
"The food supply chain is breaking," wrote board chairman John Tyson in a full-page advertisement published Sunday in The New York Times, Washington Post and Arkansas Democrat-Gazette.
US farmers don't have anywhere to sell their livestock, he said, adding that "millions of animals — chickens, pigs and cattle — will be depopulated because of the closure of our processing facilities."
"There will be limited supply of our products available in grocery stores until we are able to reopen our facilities that are currently closed," Tyson wrote.
Tyson Foods, which employs roughly 100,000 workers, closed its pork plants in Waterloo, Iowa, and Logansport, Indiana, last week so that workers in those facilities could be tested for the virus.
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