Tyson Foods : rsquo; Role in Meeting the Current Retail Demand for Chicken, Beef and Pork

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You've likely noticed some empty store shelves as American consumers flock to retail grocery and club stores in response to the spread of COVID-19. We take our role to feed the world very seriously. That's why we're committed to ensuring the continuity of our business and the availability of our products to consumers across the nation. We're shifting some of our chicken, beef and pork production from foodservice to meet the surge in demand for retail food products.

Clearly stated, the food supply in the U.S. is more than sufficient and we're taking a variety of measures to meet the shifting increase in demand now, and to ensure a steady supply moving forward. There is plenty of food available. We are working closely with our retailer partners to ensure our products are on their shelves, so that you have what you need to feed your family.

With more than 100 food production plants in the U.S., our unique scale allows us to quickly adjust and meet the current demand at grocery and other retail stores. We're working collaboratively with our customers to fill and ship orders as rapidly as possible. In some cases, our capability to shift processes in individual plants is allowing us to quickly pivot to producing retail items. For example, changing packaging from a foodservice product to a retail product can occur quickly because of the built-in flexibility of our operations.

While we've made moves like this before, this is the most significant shift we've ever initiated.

Jimmy Dean once said, 'I can't change the direction of the wind, but I can adjust my sails to always reach my destination.'

While the winds we face are both significant and sudden, our team members have responded in a rapid manner to ensure that we're living up to our responsibility to feed the world.

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Author

Dean Banks

President and DirectoratTyson Foods

Dean Banks has been president of Tyson Foods since December 2019 and has served on the board of directors since 2017. He leads the company's Poultry, Fresh Meats and Prepared Foods business segments, as well as Alternative Proteins, International and Sales.

Dean has a unique background in innovation and technology, which includes building and investing in early-stage advanced technology companies. Prior to joining Tyson Foods, Dean was a Project Lead and on the Leadership Team at X (formerly Google [x]), an Alphabet Inc. company, where he remains an advisor. Before this, he was Managing Partner of SEED Ventures, a group investing in and developing early stage healthcare technologies.

Dean has also served in leadership and consulting roles with IntraCelluar Technologies, now Vergent Bioscience; Cleveland Clinic Innovations and the Ohio Orthopedic Commercialization Center; OrthoHelix (acquired by Tornier, Inc.); Connective Orthopaedics; Highland Capital Partners, Cytyc Corporation (acquired by Hologic), and Ethicon Endo-Surgery, a Johnson & Johnson company.

A former platoon sergeant and squad leader in the U.S. Marine Corps, Dean has a BA in Marketing and Public Relations from Miami University and an MBA from the Harvard Business School.

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