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Dive brief:
- In a letter to supply a chain dive, the company said: “Hormel Foods is cutting off the production of bacon at Tucker, Georgia to optimize its production footprint.”
- The company closed the line at the factory because of the “age age and the significant investment needed to coordinate with our long -term strategic goals”. The hormel has since transmitted production to other facilities.
- Managers said the change was one of the 90 hormonal projects in Q3 as part of its multi -year development initiative to deform its supply chain.
Dive insight:
The World Food Company, with the global brand, launched its T&M initiative at the end of 2023 to deliver at least $ 250 million annual operating revenue growth over three years. The project is focused on “converting supply chain, minimizing the complexity of portfolio, investing in data and technology, and strengthening individuals and processes,” the project said last year.
By the end of the fiscal year 2025, which ends in late October, the hormone expects $ 100 to $ 150 million to realize the T&M initiative.
A T&M project in the current fiscal year includes the opening of a distribution center in the Memphis, Tennessee, subway to improve the inventory flow and increase the distribution capacity.
These projects include setting up a hormonal production system to standardize work in manufacturing facilities and “new productivity and productivity programs, with greater savings in many categories, such as logistics and warehousing, direct resources and indirect resources.”
The company also formed a data and analysis office that focused on providing easy access to technology, data, and analysis to support the initiative.
During 2024, Hormel Steve Likcan upgraded to the Supply Chain VP group for further optimization and management of operations. In this role, Lykken monitors the production, production, engineering, logistics, research and development, quality management and plant operations.
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