Monday, June 27, 2022

Large Chicken Producer Abruptly Announces Closure of Tennessee Plant, Catching Locals Off Guard

  1. The U.S. Bureau of Labor Statics reported earlier this month that the Consumer Price Index  a measure for inflation that takes into account typical consumer expenses, including food  rose by 8.6 percent (without seasonal adjustment) over the last 12 months.
  2. According to the company's website, the company deals in packaged chicken for retail, fully cooked products  such as burgers and sausage patties  and food service.
  3. The Caryville plant';s closure comes as food prices have been rising in the country, both due to inflation and Russia's war against Ukraine, which has had effects on the world crude oil, fertilizer and agriculture markets.
  4. It produced fully-cooked pork, beef and turkey products that were then delivered to the retail, food service and convenience store sectors until George's took over, according to TalkBusiness.
  5. Campbell County Mayor E.L Morton told WLVT-TV that he was working to ensure the plant would remain open, so the closure would not hurt employees livelihoods.
  6. According to a BMO Real Financial Progress Index report released May 31, Americans were responding to the growing inflation by changing their food and purchase habits.
  7. I have contacted the Tennessee Economic and Community Development staff to request assistance in keeping the plant open or facilitating a sale to another operator, Morton said.

https://thefederalistpapers.org/us/large-chicken-producer-abruptly-announces-closure-tennessee-plant-catching-locals-off-guard 

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