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Smithfield Foods to Close 35 Hog Farms in Missouri, Resulting in 92 Layoffs Amidst Meat Industry Challenges

Smithfield Foods, recognized as the largest global pork processor, is set to permanently shut down 35 hog farm facilities located in Missouri. This move, slated for October, will result in the unfortunate layoff of 92 employees, as indicated by a notice submitted under the Missouri Worker Adjustment and Retraining Notification Act (WARN).

The closure of these hog farms is attributed to a strategic decision made by Murphy-Brown LLC, a subsidiary of Smithfield Foods, which aims to scale down its hog farming operations across the state. Consequently, a proportionate reduction in workforce is necessary, impacting both salaried and hourly workers within the company.

Read: Smithfield Foods: Chinese Ownership Impact

The decision to reduce operations comes in the wake of challenges faced by the U.S. meat industry. Declining profitability and decreased consumer demand, stemming from economic pressures such as inflation and rising interest rates, have made it increasingly difficult for meat companies to accurately forecast their product demand.

The official notification, dated August 2 and addressed to the Department of Higher Education and Workforce Development, identifies a total of 35 hog farm operation sites affected by the closures. These include 13 sites in Newtown, Missouri, 12 in Lucerne, Missouri, and 10 in Princeton, Missouri.

Read: Smithfield’s closing almost 40 farms. Here’s why…

A spokesperson from Smithfield confirmed that these layoffs pertain specifically to the Missouri-based hog production operations. The scheduled date for the layoffs is October 8, with the notification also clarifying that the impacted employees have been given the option to relocate to other company facilities, provided there are suitable positions available that do not displace existing employees.

Smithfield Foods, under the ownership of Hong Kong’s WH Group, faces these operational changes as part of a broader industry trend. In a related development, Tyson Foods also announced the closure of four chicken plants across states like Arkansas, Indiana, and Missouri, citing cost-cutting measures. This move has significant implications for the local communities that heavily rely on Tyson for around 3,000 jobs.

In addition, Tyson reported a significant drop in average pork prices by 16.4% during the quarter ending on July 1, accompanied by a 1.8% reduction in pork sales volumes. This demonstrates the ongoing challenges faced by the meat industry in maintaining stability and profitability. As these developments unfold, the industry remains focused on adapting to evolving market dynamics. The reporting was conducted by P.J. Huffstutter in Chicago, with additional contributions from Tom Polansek. The editing of the report was handled by Andrea Ricci and Jamie Freed.

Read: Top 3 Largest Pork Producers in the USA – Volume, Turnover, and Market

China

China is the world’s largest meat producer, producing over 100 million tons of meat per year. The country is home to the largest pig and poultry industries in the world, and it is also a major producer of beef, lamb, and mutton.

USA

The United States is the second largest meat producer in the world, producing over 25 million tons of meat per year. The country is a major producer of poultry, pork, and beef, and it is also a significant producer of lamb and mutton.

Brazil

Brazil is the third largest meat producer in the world, producing over 13 million tons of meat per year. The country is a major producer of poultry, pork, and beef, and it is also a significant producer of lamb and mutton.

India

India is the fourth largest meat producer in the world, producing over 10 million tons of meat per year. The country is a major producer of poultry, pork, and beef, and it is also a significant producer of lamb and mutton.

Russia

Russia is the fifth largest meat producer in the world, producing over 7 million tons of meat per year. The country is a major producer of poultry, pork, and beef, and it is also a significant producer of lamb and mutton

The top 100 food and beverage companies in the world refer to the largest and most influential companies in the global food industry. These companies play a significant role in producing, manufacturing, distributing, and marketing a wide range of food and beverage products that are consumed by people all over the world.

The food and beverage industry is diverse and encompasses various sectors, including packaged foods, beverages, dairy products, confectionery, meat processing, frozen foods, and more. These companies often have a global presence, with operations spanning multiple countries and continents.

Some of the key factors that contribute to a company’s ranking in the top 100 list include their annual revenue, market share, brand recognition, product portfolio, innovation, and supply chain efficiency.

The food and beverage industry is highly competitive, and companies in this sector continuously strive to meet consumer demands, adapt to changing market trends, and maintain high-quality standards. Many of these companies invest heavily in research and development to create new products and improve existing ones.

The top 100 food and beverage companies not only cater to consumer preferences but also serve business-to-business (B2B) clients such as restaurants, hotels, and foodservice providers. They play a crucial role in shaping the global food landscape and have a significant impact on the economy and job market in their respective countries.

Please note that the specific companies on the list and their rankings may vary over time due to factors like mergers, acquisitions, and shifts in market dynamics. To get the most current and accurate information, it is best to refer to reputable sources that regularly publish rankings of the top food and beverage companies by revenue.

The top 100 food and beverages companies in the world

1. Nestlé: A Swiss multinational food and beverage company known for its wide range of products, including coffee, dairy products, chocolate, baby food, and pet care items.
2. PepsiCo: An American multinational corporation that produces a variety of snacks and beverages, including Pepsi, Lay’s, Doritos, Gatorade, Tropicana, and Quaker Oats.
3. The Coca-Cola Company: An American multinational corporation famous for its non-alcoholic beverage products, with Coca-Cola being its most iconic brand.
4. Anheuser-Busch InBev: A Belgian-Brazilian company that is one of the world’s largest brewers and owns popular beer brands like Budweiser, Corona, and Stella Artois.
5. Danone: A French multinational company specializing in dairy products, bottled water, baby food, and medical nutrition.
6. Unilever: A British-Dutch company that offers a wide range of consumer goods, including food, beverages, cleaning agents, and personal care products.
7. Mars, Inc.: An American global manufacturer that produces popular confectionery items such as Mars bars, Snickers, M&M’s, and other pet food products.
8. Mondelez International: An American multinational company responsible for well-known snack brands like Oreo, Cadbury, Toblerone, and Trident gum.
9. Heineken: A Dutch brewing company renowned for its beer brands, including Heineken, Amstel, and Desperados.
10. JBS S.A.: A Brazilian company that is one of the world’s largest meat processing companies, specializing in beef, poultry, and pork products.
11. Kraft Heinz Company: An American food company that produces various packaged food products, including Heinz ketchup, Kraft cheese, and Oscar Mayer meats.
12. General Mills: An American multinational corporation involved in producing a wide range of food products, such as cereal, yogurt, baking mixes, and snacks.
13. Kellogg’s: An American multinational food manufacturing company famous for its breakfast cereals, including Corn Flakes, Frosted Flakes, and Special K.
14. AB Foods (Associated British Foods): A British multinational company with interests in sugar production, retail, and various food brands, such as Twinings, Primark, and Jordans.
15. Lactalis: A French dairy products corporation, recognized as one of the largest dairy groups globally.
16. Pernod Ricard: A French company that produces alcoholic beverages, including Absolut vodka, Jameson whiskey, and Chivas Regal.
17. Diageo: A British multinational alcoholic beverages company with brands like Johnnie Walker, Guinness, and Smirnoff.
18. Tyson Foods: An American multinational corporation specializing in meat products, including chicken, beef, and pork.
19. Suntory Beverage & Food: A Japanese company known for its beverages, including various non-alcoholic drinks, teas, and water.
20. Asahi Group Holdings: A Japanese brewery company with brands like Asahi Super Dry and Peroni Nastro Azzurro.
21. Grupo Bimbo: A Mexican multinational bakery product manufacturing company with a wide range of bread and baked goods.
22. Carlsberg Group: A Danish brewing company known for Carlsberg beer and other beer brands.
23. Kirin Holdings: A Japanese company involved in brewing, beverages, and pharmaceuticals.
24. The Hershey Company: An American company famous for its chocolate and confectionery products.
25. Molson Coors Beverage Company: A multinational brewing company with brands like Coors, Molson, and Blue Moon.
26. General Mills: An American multinational food company with various brands like Cheerios, Betty Crocker, and Yoplait.
27. SABMiller: A multinational brewing company (acquired by Anheuser-Busch InBev in 2016) with brands like Miller, Foster’s, and Castle Lager.
28. Chobani: An American company known for its Greek yogurt products.
29. Red Bull GmbH: An Austrian company famous for its energy drink, Red Bull.
30. Newell Brands: An American company that owns various food and beverage brands like Rubbermaid and Calphalon.
31. Campbell Soup Company: An American company known for its canned soups and other packaged food products.
32. Yum! Brands: An American fast-food company that owns popular chains like KFC, Pizza Hut, and Taco Bell.
33. Hormel Foods Corporation: An American food company that produces various meat products, including Spam, Skippy peanut butter, and Applegate organic meats.
34. Keurig Dr Pepper: An American beverage company formed by the merger of Keurig Green Mountain and Dr Pepper Snapple Group.
35. Del Monte Foods: An American food production and distribution company, known for its canned fruits and vegetables.
36. Nestlé Waters: A division of Nestlé specializing in bottled water, with brands like Perrier, S.Pellegrino, and Poland Spring.
37. Starbucks Corporation: An American coffeehouse chain with a global presence, known for its coffee beverages and snacks.
38. Conagra Brands: An American packaged food company with brands like Chef Boyardee, Healthy Choice, and Hunt’s.
39. Constellation Brands: An American beverage company that owns various alcoholic brands, including Corona, Modelo, and Svedka.
40. ThaiBev (Thai Beverage Public Company Limited): A Thai company that produces alcoholic and non-alcoholic beverages.
41. Twinings: An English tea company with a wide range of tea products.
42. Dole Food Company: An American agricultural company known for its fresh fruit and vegetable products.
43. Danisco (now part of DuPont Nutrition & Biosciences): A Danish company specializing in food ingredients and enzymes.
44. Wilmar International: A Singaporean agribusiness company involved in palm oil production and other agricultural products.
45. Brown-Forman Corporation: An American company known for its alcoholic beverages, including Jack Daniel’s and Woodford Reserve.
46. J.M. Smucker Company: An American food company that owns brands like Smucker’s, Jif, and Folgers.
47. Maple Leaf Foods: A Canadian food processing company specializing in meat and plant-based protein products.
48. Cargill: An American privately held corporation involved in food and agricultural products, including processing and trading.
49. Wm Morrison Supermarkets: A British supermarket chain that offers various food and beverage products.
50. Maruchan: A Japanese company known for its instant ramen noodles.
51. Arla Foods: A Danish-Swedish cooperative known for its dairy products.
52. The Boston Beer Company: An American craft brewer known for Samuel Adams beer.
53. Grupo Lala: A Mexican dairy company with a variety of milk and yogurt products.
54. Ferrero Group: An Italian company known for confectionery products like Ferrero Rocher, Nutella, and Kinder.
55. The Hain Celestial Group: An American company specializing in organic and natural food products.
56. Fonterra Co-operative Group: A New Zealand multinational dairy company.
57. The Coca-Cola Bottling Co. Consolidated: An American independent Coca-Cola bottler and distributor.
58. Maple Leaf Foods: A Canadian meat processing company with a range of products.
59. Sysco Corporation: An American company providing food products and services to the foodservice industry.
60. Aryzta: A Swiss-based company involved in frozen bakery products.
61. The Hershey Company: An American company famous for its chocolate and confectionery products.
62. Kerry Group: An Irish company specializing in taste and nutrition solutions for the food and beverage industry.
63. McCain Foods: A Canadian company known for its frozen potato products, including fries and hash browns.
64. Wrigley Company (Mars, Inc.): An American company known for its chewing gum products like Wrigley’s Spearmint and Doublemint.
65. Molson Coors Beverage Company: A multinational brewing company with brands like Coors, Molson, and Blue Moon.
66. Colgate-Palmolive: An American multinational company that produces oral care and personal care products.
67. Tyson Foods: An American multinational corporation specializing in meat products, including chicken, beef, and pork.
68. The Coca-Cola Company: An American multinational corporation famous for its non-alcoholic beverage products, with Coca-Cola being its most iconic brand.
69. Pernod Ricard: A French company that produces alcoholic beverages, including Absolut vodka, Jameson whiskey, and Chivas Regal.
70. PepsiCo: An American multinational corporation that produces a variety of snacks and beverages, including Pepsi, Lay’s, Doritos, Gatorade, Tropicana, and Quaker Oats.
71. Diageo: A British multinational alcoholic beverages company with brands like Johnnie Walker, Guinness, and Smirnoff.
72. JBS S.A.: A Brazilian company that is one of the world’s largest meat processing companies, specializing in beef, poultry, and pork products.
73. SABMiller: A multinational brewing company (acquired by Anheuser-Busch InBev in 2016) with brands like Miller, Foster’s, and Castle Lager.
74. Kraft Heinz Company: An American food company that produces various packaged food products, including Heinz ketchup, Kraft cheese, and Oscar Mayer meats.
75. Asahi Group Holdings: A Japanese brewery company with brands like Asahi Super Dry and Peroni Nastro Azzurro.
76. Kirin Holdings: A Japanese company involved in brewing, beverages, and pharmaceuticals.
77. Kellogg’s: An American multinational food manufacturing company famous for its breakfast cereals, including Corn Flakes, Frosted Flakes, and Special K.
78. Mondelez International: An American multinational company responsible for well-known snack brands like Oreo, Cadbury, Toblerone, and Trident gum.
79. General Mills: An American multinational food company with various brands like Cheerios, Betty Crocker, and Yoplait.
80. Danone: A French multinational company specializing in dairy products, bottled water, baby food, and medical nutrition.
81. Unilever: A British-Dutch company that offers a wide range of consumer goods, including food, beverages, cleaning agents, and personal care products.
82. Mars, Inc.: An American global manufacturer that produces popular confectionery items such as Mars bars, Snickers, M&M’s, and other pet food products.
83. Nestlé: A Swiss multinational food and beverage company known for its wide range of products, including coffee, dairy products, chocolate, baby food, and pet care items.
84. Heineken: A Dutch brewing company renowned for its beer brands, including Heineken, Amstel, and Desperados.
85. Anheuser-Busch InBev: A Belgian-Brazilian company that is one of the world’s largest brewers and owns popular beer brands like Budweiser, Corona, and Stella Artois.
86. Chobani: An American company known for its Greek yogurt products.
87. Red Bull GmbH: An Austrian company famous for its energy drink, Red Bull.
88. Newell Brands: An American company that owns various food and beverage brands like Rubbermaid and Calphalon.
89. Brown-Forman Corporation: An American company known for its alcoholic beverages, including Jack Daniel’s and Woodford Reserve.
90. J.M. Smucker Company: An American food company that owns brands like Smucker’s, Jif, and Folgers.
91. Grupo Bimbo: A Mexican multinational bakery product manufacturing company with a wide range of bread and baked goods.
92. General Mills: An American multinational food company with various brands like Cheerios, Betty Crocker, and Yoplait.
93. Del Monte Foods: An American food production and distribution company, known for its canned fruits and vegetables.
94. Nestlé Waters: A division of Nestlé specializing in bottled water, with brands like Perrier, S.Pellegrino, and Poland Spring.
95. Starbucks Corporation: An American coffeehouse chain with a global presence, known for its coffee beverages and snacks.
96. Conagra Brands: An American packaged food company with brands like Chef Boyardee, Healthy Choice, and Hunt’s.
97. ThaiBev (Thai Beverage Public Company Limited): A Thai company that produces alcoholic and non-alcoholic beverages.
98. Twinings: An English tea company with a wide range of tea products.
99. Dole Food Company: An American agricultural company known for its fresh fruit and vegetable products.
100. Danisco (now part of DuPont Nutrition & Biosciences): A Danish company specializing in food ingredients and enzymes.

Read:Report on the Top 100 Poultry Producing Companies

In conclusion, the top 100 food and beverage companies in the world represent the most influential and significant players in the global food industry. These companies are responsible for producing, manufacturing, and distributing a wide array of food and beverage products that are consumed by people around the world.

From multinational corporations to regional giants, these companies have a massive impact on the economy, job market, and consumer preferences in their respective countries and beyond. They continually adapt to changing market trends, invest in research and development, and strive to meet the ever-evolving demands of consumers.

The food and beverage industry is diverse, encompassing sectors such as packaged foods, beverages, dairy products, confectionery, and more. These companies play an essential role in feeding the world’s population and shaping the global food landscape.

As the industry continues to evolve, companies in the top 100 list face various challenges, including sustainability concerns, supply chain complexities, and increasing competition. Innovation and adaptation are vital to maintaining their positions and staying relevant in an ever-changing market.

It is important to note that the specific companies on the top 100 list and their rankings may change over time due to various factors, such as mergers, acquisitions, and fluctuations in revenue. To stay up-to-date with the latest information, it is best to refer to reputable sources that regularly publish rankings of the top food and beverage companies by revenue.

Overall, the top 100 food and beverage companies play a critical role in shaping how we eat and drink, influencing global food trends, and contributing to the growth and development of the food industry on a global scale.

Read: The Top 5 Largest Food Services Companies