Tyson Foods Q1 2023 Financial Results
Productivity Program on-track
Targeting $300M+ of productivity gains in FY23 to achieve a total of $1B+ in recurring savings
$300 - 400M
$1B+
FY23
FY22-23
Actions will lead to sustainable productivity savings in three key focus areas
Operational & Functional
Excellence and Agility
。 Instituted new mechanical and electrical
rebuild programs for our plant assets
。 Streamlined ingredient suppliers across dry
blends and seasonings
Supply Chain & Digital
Solutions
。 Leveraged data to improve inventory
visibility and mitigate distress in Prepared
Foods
。 Further scaled our distribution network of
the future while also increasing direct plant
shipment to our customers
Automation
Installed and scaled new automation
capabilities in Prepared Foods'
sandwich and snacking operations
Piloted automated tray pack capabilities
with early positive results
TYSON FOODS, INC. FEBRUARY 6, 2023
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