Tyson is moving forward with plans to develop new animal-free “meat” alternatives:
“Tyson isn’t the only player in the conventional meat industry making unconventional investments. Cargill Inc. bought into Memphis Meats, too. Perdue Farms Inc. is investing in humane processing equipment, slow-growth chicken breeds, and niche organic brands. Even Hormel Foods Corp., maker of Spam, is developing animal-free products. If Tyson doesn’t stay ahead of the game, it runs the very real risk of falling behind. ‘We want to actively disrupt ourselves,’ says Hayes. ‘We don’t want to be Kodak.’”
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