It will be interesting to see the reaction of retailers across the globe to the ongoing crisis that is developing within JBS, the world’s largest meat processing company.
In an sector where supply chain integrity, social responsibility and most of all public perception are seen as key, the revelations of corruption that have engulfed the Brazilian meat giant will at the very least make their retail customers extremely uneasy.
In this sense it is a positive that the embattled processor has been effectively forced to offload the Northern Ireland poultry processor Moy Park as part of a fire sale of assets.
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The funds are required to pay down debt costs that have been spiralling ever since the parent company J&F Investimentos was fined €3bn by Brazilian prosecutors for corruption and bribery.
As a company with a strong history of working closely with their farmer suppliers to deliver a product of the highest integrity, the Moy Park business will be better served outside of the JBS portfolio. Eoin Lowry and Lorcan Allen go into more detail here.
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It will be interesting to see the reaction of retailers across the globe to the ongoing crisis that is developing within JBS, the world’s largest meat processing company.
In an sector where supply chain integrity, social responsibility and most of all public perception are seen as key, the revelations of corruption that have engulfed the Brazilian meat giant will at the very least make their retail customers extremely uneasy.
In this sense it is a positive that the embattled processor has been effectively forced to offload the Northern Ireland poultry processor Moy Park as part of a fire sale of assets.
The funds are required to pay down debt costs that have been spiralling ever since the parent company J&F Investimentos was fined €3bn by Brazilian prosecutors for corruption and bribery.
As a company with a strong history of working closely with their farmer suppliers to deliver a product of the highest integrity, the Moy Park business will be better served outside of the JBS portfolio. Eoin Lowry and Lorcan Allen go into more detail here.
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