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Diving Briefs:
- Hormel Foods says that the bacon is being stopped in Tucker, Georgia, and the supplier will optimize manufacturing footprints by e -mail for the supply chain dive.
- According to the email, the company closed the factory line due to “a significant investment needed to match the age of equipment and long -term strategic goals.” Hormel later moved production to other facilities.
- In order to reconstruct the supply chain, the shift is one of the 90 projects that Hormel executed in the third quarter as part of the many years of conversion and modernization initiative, according to the import phone on August 28.
Dive Insights:
Global Brended Food Company started T & M initiative at the end of the 2023 fiscal year, offering at least $ 250 million in annual operating imports for three years. The project focused on last year that it is focusing on “supply chain innovation, portfolio complexity, investment in data and technology, and improve people and processes.”
By the end of the fiscal year, which ended at the end of October, Hormel expects to recognize $ 100 million to $ 150 million due to the increase in T & M initiative.
The T & M project of the current fiscal year included opening distribution facilities in Memphis, Tennessee, Metro Tennessee, to improve inventory flow and increase distribution capacity according to e -mail.
Last year’s project started a hormel production system and included manufacturing facilities and “standardization of new procurement and productivity programs, and saved more in many categories, such as logistics and warehouses, direct supply and indirect supply.”
The company also established data and analysis offices that can easily access technology, data and analysis to support initiatives.
Hormel has also changed the supply chain leadership several times in recent years. In 2024, Hormel promoted Steve Lykken to group the vice president of the supply chain to optimize and manage the work. After Lykken left the company in April, Kevin Myers took over as a temporary group vice president of the supply chain, and Hormel spoke to the supply network diving by e -mail. Myers are also SVPs of R & D and Quality Management.
