Although the top 5 companies stayed the same, there was extensive movement throughout Food Engineering’s 2020 list of the Top 100 food and beverage companies.
Cargill joins the list of major meatpackers who were under investigation for their handling of meat exports and worker safety during the coronavirus pandemic.
Cargill joins the list of major meatpackers who were under investigation for their handling of meat exports and worker safety during the coronavirus pandemic.
Tyson Foods was also under scrutiny this year when officials revealed that more than half of the workers at its Perry plant in Iowa tested positive with Covid-19.
AB InBev, the Belgian-Brazilian multinational drink and brewing company which owns brands including Budweiser, Stella Artois and Beck’s, took a $2.5 billion write-down in the value of its African operations due to market risks, as its Q2 earnings were significantly hit as a result of the Covid-19 pandemic.
Holding a firm second position, PepsiCo reported a 3.1% decline in net revenue in its second quarter results, yet admitted it has continued to see "resiliency" in its global snacks and food business.
