Noel White, the new CEO of beef, chicken and pork company Tyson Foods, is looking to capitalize on our New Global Middle-class investing theme as it considers overhauling its strategy in China. One of the key tenants in our Rise of the New Middle-class theme is the trade up in products, services, and other purchases, including food, that consumers will make as their disposable incomes rise. From Tyson’s perspective, tapping into this tailwind should drive revenue and profits on the back of rising protein demand in China and other emerging economies.
Tyson Foods Inc. is looking to expand internationally to help stabilize its business and reduce exposure to U.S. agricultural-market swings, its chief executive said.
The Arkansas-based company is considering acquisitions in new markets and revamping its strategy in China, where earlier investments in company-run poultry-farming complexes have struggled, said Noel White, who took over as Tyson’s chief executive officer at the end of September.
Tyson’s effort to rebuild its overseas presence is a way for the top U.S. meat company by sales to harness growing protein demand in developing countries as well as in established markets for meat, Mr. White said in his first interview since taking over.