Food and Agribusiness

North American agri suffers as beef processing plants close

The increasing closure of meat processing plants in the US and Canada amidst the coronavirus disease (COVID-19) pandemic, will have a marked impact on the agricultural economies in those countries. The meat processing and packing plants were reportedly closing down because staff members were testing positive for COVID-19. This included plants run by some of the industry’s largest stakeholders, including Tyson Foods, Smithfield Foods and JBS USA.

The recent closures of several meat processing plants could mean a significant change in how companies looked at inventory. Companies had evolved into a just-in-time inventory system, in order to reduce costs, increase efficiency and speed. This could change in light of the COVID-19 pandemic and restricted access to food supplies.

Read more at Farmer’s Weekly

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