From John R. Tyson Participates in 2022 Global Food Forum · · John R. Tyson
“We've tried to actually flip that model on its head and say how can we source from you know, a hundred plus thousand people that work at Tyson let us evaluate the business the other investors kind of the the strategy and you know, I'll tell you we we put out this isn't anything totally original but you know, we're going to do in July kind of a startup demo day where we invite founders and companies to come in and talk to us.”
On , John Tyson, Executive Vice President & Chief Financial Officer at Tyson Foods Inc, spoke about corporate venture capital during John R. Tyson Participates in 2022 Global Food Forum on John R. Tyson.
John R. Tyson, Executive Vice President and Chief Financial Officer at Tyson Foods, participated in the Wall Street Journal’s 2022 Global Food Forum, where he discussed the company’s investment strategy. He stated that Tyson Foods considers the business environment, including supply issues related to global conflict and climate change, when evaluating investments. Tyson noted a balance between returning capital to shareholders and investing in the business or pursuing mergers and acquisitions. He also mentioned that data from McKinsey indicated that companies investing in turbulent markets tend to see incrementally better returns. Tyson described a planned startup demo day in July to evaluate business ideas from Tyson employees. In a separate appearance, Tyson discussed the company’s sustainable food initiatives. He outlined efforts including verifying sustainable production practices in the beef supply chain, launching a broiler welfare research center with the University of Arkansas, and working with the World Resources Institute on water stewardship. Tyson also described a deforestation risk assessment conducted with Proforest, which found 94% of the company’s land footprint at no to low risk, and the subsequent development of a forest protection standard. He stated that the company’s board added ESG oversight to its charter in early 2021.