The COVID-19 pandemic has exposed the fragile nature of America's meat supply chain as tens of thousands of meat industry workers fell sick, and hundreds died.Right now, 80% of the US beef market is controlled by four huge meat producers, and they're the target of a Justice Department antitrust investigation.The coronavirus is already having a massive impact on the way Americans get their meat — and even bigger changes could be coming in the future.
At the same time, small-scale meat processors in the US have seen a huge spike in demand as consumers search for alternative meat sources. Husband-and-wife founders Cody Hopkins and Andrea Todt created Grass Roots' business model because the big slaughter companies process so many animals that they're able to lower prices in their favor, making it very hard on independent farmers.
In the aftermath of World War I, five companies controlled the American meat supply chain by owning feedlots, railcars and railyards, stockyards and slaughterhouses, refrigeration plants and distribution centers. Grocery stores and consumers loved the convenience, and by the late 1970s, it had become the industry standard. It was also the beginning of a reconsolidation in the industry.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Schonfeld's pitch for its $2.2 billion fundamental equity fund - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside ESPN's exit from esports, layoffs, and what it means for media - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. thanks for this news
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside ESPN's exit from dedicated esports coverage and what it means for media - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 90% of news about covid and trump What is espn SAI i'm proud of this move , ESPN finally realizes Esports is rigged and controlled by Tencent with corrupted Que's & fake bot accounts that sabotage regional games for the promotion of their own ' in house ' gamers .
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside one of the biggest US bank deals since the financial crisis - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside BuzzFeed and HuffPost's acquisition: 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside BuzzFeed and HuffPost's tie-up - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »