About Tyson Foods
Tyson Foods, Inc. (NYSE: TSN), with headquarters in Springdale, Arkansas, is one of the world's largest food companies with leading brands such as Tyson®, Jimmy Dean®, Hillshire Farm®, Sara Lee®, Ball Park®, Wright®, Aidells®, and State Fair®.
We are a recognized market leader in beef, pork, and chicken as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts.
Our company was founded in 1935 by John W. Tyson, whose family has continued to lead the business with his son, Don Tyson, guiding the company for many years and grandson, John H. Tyson, serving as the current chairman of the board of directors.
Through our Core Values, Code of Conduct and Team Member Bill of Rights, we strive to operate with integrity and trust, and we are committed to creating value for our shareholders, customers and team members. We also strive to be faith-friendly, provide a safe work environment and serve as stewards of the animals, land and environment entrusted to us.
production facilities and offices world-wide as of October 1, 2016
invested in research and development
We are committed to responsible corporate governance, which promotes the long-term interests of shareholders, strengthens the Board of Directors and management accountability, and helps build public trust in our company. We believe maintaining qualified, independent directors with diverse experiences and backgrounds on our Board is an integral part of effective governance.
At the end of fiscal 2016, our Board of Directors consisted of nine members, seven of whom were independent. Of the nine members serving on the board, there were two women and one minority. Additionally, the Board has appointed one of the independent directors as the non-management lead director.
Following the completion of Fiscal 2016, two board members resigned and three new board members were appointed. Of the 10 members currently serving on the board, eight are independent, three are women, and two are a minority.
Additional information about our Board and its committees can be found on our Investor Relations website and in our 2016 Proxy Statement.
Learn more about our corporate governance measures, including our Code of Conduct and Corporate Governance Principles.
With the acquisition of The Hillshire Brands Company in 2014, we added to our growing list of top-selling brands in advantaged categories. Our "Core 9" categories include the No. 1 brands in frozen prepared chicken, hot dogs, branded stacked bacon, frozen breakfast sandwiches, breakfast sausage, smoked sausage, corn dogs, and super premium sausage and the No. 2 brand in branded lunchmeat.
Sales by Segment – Fiscal 2016 Sales $37 Billion
The depth and breadth of our product portfolio can reach consumers at all meal occasions, at home, and away from home. With an eye to the future, while never forgetting where we came from, our future is bright. And expectations have never been higher at Tyson Foods.
For more information about our company and financial performance, visit our Investor Relations website and review our 2016 Annual Report on Form 10-K.
Sales by Distribution Channel - Fiscal 2016 Sales $37 Billion
We work on regulatory and legislative policy issues that can have an impact on our business. We do this through our own involvement as an individual company and through membership in industry associations.
Representatives from all parts of our company impact public policy through direct interaction with policymakers, as well as through participation on industry committees and advisory boards. We believe this interaction ensures our views on key issues such as international trade, food safety, immigration, dietary guidelines, and mandatory country of origin labeling are heard and help shape sound public policy.
Through campaign contributions to candidates for the U.S. House and the U.S. Senate, the Tyson Political Action Committee (TYPAC) helps build and maintain relationships with elected officials who support our industry and company. We provided 108,000 U.S.-based jobs in fiscal year 2016 and are dedicated to producing safe, delicious, and nutritious foods at affordable prices.
Engaging our Supply Partners
Responsible, legal, and sustainable procurement practices are an important part of our commitment to doing business the right way.
Keep Local Grain Local
We are committed to building resources for and relationships with the grain farmers that provide homegrown corn for our birds. With a unique business model that focuses on originating grain from the farmer as an end user, we place a high importance on our relationships with local farmers. Our goal is keep local grain in our local communities. We buy local grain, which is used to raise our poultry, feed your community and feed the world. This process begins with our grain farmers.
At Tyson Foods, our supply chain is diverse. We do business with suppliers of the cattle, hogs, and turkeys we use to make our food products, as well as suppliers of equipment, ingredients, packaging materials, and other general business services.
Our Supplier Code of Conduct clearly presents the principles and high ethical standards we expect our supply partners to work toward throughout the course of our business relationship. Where appropriate, we strive to include requirements in our supply contracts that emphasize the sustainability objectives shared with our supply partners.
We seek to build relationships with and recognize supply partners who share values similar to ours, especially in these areas:
- Product safety and quality
- Ethical and honest business transactions
- Legal and regulatory compliance
- Employee health and safety
- Animal well-being
- Labor and human rights
- Environmental stewardship
On April 5, 2016, for the fifth year, we named a select group of third-party carriers as "Premier Carriers of the Year." Carriers of the Year are recognized for their commitment to excellence in customer service, communication, safety, innovation, and for being strong environmental stewards. Most of the 20 honored carriers are repeat recipients.
Supporting Independent Farm Families
We depend on more than 9,400 independent farm families to supply our plants. We strive to support independent producers in their efforts to run their businesses wisely and to be independent and sustainable enterprises.
Sustainability in the U.S. Beef Industry
In February 2017, McDonald's USA, Tyson Foods, The Samuel Roberts Noble Foundation, Beef Marketing Group and Golden State Foods announced a two-year pilot research project that will seek methods to improve sustainability across the entire beef value chain. Click here to learn more.
We supply the birds, feed and technical advice, while the farmers care for the chickens by providing the farm, housing and labor.
They supply our beef plants in the Midwest, Southwest, and Pacific Northwest. Our company does not own or operate any feedlots.
These independent farmers supply our pork plants in the Corn Belt. The farmers are expected to raise hogs that meet our standards for high quality pork.
These independent growers supply our turkey plant in the Midwest. We also have 72 contract growers raising turkeys owned and fed by a subsidiary of Tyson Foods. All growers are held to the same high standards, raising quality turkeys in the Midwest.
We know that having a diverse group of supply partners makes good business sense. Working with minority-owned, veteran and service-disabled veteran owned, women-owned, and SBA certified small businesses is critical to helping us meet our high standards for quality products and ultimately creates more value for our shareholders. The competitive advantages of embracing the entire business community will continue to grow, and we want qualified and competitive minority, socio-economic disadvantaged, and small business suppliers to share in this growth with us.
Of our overall spending in Fiscal 2016, approximately 12.5% was with diverse supply partners.
Learn more about how minority-owned and small businesses can connect with us on our supplier diversity page at Tyson Foods.