by fred wilkinson

One of the bread-and-butter concepts of economics is that a rising tide lifts all boats. For the companies listed among The National Provisoner’s Top 100 Meat and Poultry Processors, the general trend is the tide is coming in.

Reflecting higher food prices, revenues are up – for some companies significantly.

A March Circana survey suggests 57% of consumers cope with the higher prices by looking for sales specials more often and 36% use coupons more frequently. Close to half (44%) say they cut back on non-essentials, and 34% switch to stores’ private-label brands where possible.

Food businesses find themselves in similar situation, with many looking to maximize their spending through incorporating automation and other steps to boost efficiency.

Take a look at 2024’s Top 100 listing and see where they rank.

www.provisoneronline.com   |   may 2024