Technological Advances Disrupt Meat Industry, Prompt Industry Leaders To Adapt

Digital disruption, the process by which technological changes are forcing businesses worldwide to re-invent their operations and products, is also affecting the meat industry. Recent steps taken by industry leaders Cargill and Tyson Foods, Inc., are providing a clear insight on how digital innovations are upending the market. For example, Cargill has disposed of its 153-year-old business model to become a “modern, flexible, integrated food company.” For its part, Tyson launched its Tyson Ventures investment arm, which has invested in laboratory-grown meat startups Beyond Meat and Memphis Meats. Also, technology is transforming the industry’s supply chain into a “shortened, more transparent, completely disrupted” model.