San Miguel Competition
Now Viewing San Miguel's competition in: Meat Products Manufacture (primary)
Recent Developments
China Bans Imports from Some US Plants - China banned imports from three US meat processing plants in May 2008 because of a dispute over the presence of ractopamine in pork and surface salmonella in chicken. Ractopamine is a feed additive that helps pigs reach market weight faster. Many US meat products industry experts say that the ban is retaliation for US complaints about the safety of Chinese products.
DNA-Based Meat Tracking Technology Introduced in US - Technology used to determine the source and type of a meat product is now available in the US. DNA TrackBack technology can be used to ensure that labeling accurately reflects the meat product, according to DNA TrackBack developer IdentiGEN. DNA TrackBack has been used in Europe since 2000, but some industry experts say that US meat products manufacturers may be unwilling to incur the extra cost of the technology.
Immigration Raid Largest Ever in US - Increasing enforcement of US immigration laws is impacting the operations of many meat product manufacturing companies. Federal officials say that a raid at an Iowa meat processing plant where 390 people were arrested in May 2008 was the largest in US history. Authorities conducting the raid relied heavily on an informant who infiltrated the plant with documents provided by Immigration and Customs Enforcement.
Competitive Landscape
Demand is driven by consumer income and by exports. Because meat is largely a commodity, the profitability of individual companies depends on efficient operations and an effective distribution network. Large companies have big economies of scale in production and distribution. Small companies can compete effectively in a local area or by producing unique products.
Meat Products Manufacture Industry Forecast
from Hoover's/D&B subsidiary First Research
The output of US meat products manufacturing is forecast to grow at an annual compounded rate of 4.4 percent between 2007 and 2012.
Meat Products Manufacturing Growth Stabilizes
First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.
First Research Opportunity Rating
The First Research Opportunity Rating is First Research's estimate of industry performance vs. industry risk over the next 12 to 24 months.
- Demand: Limited by demographics
- Need efficient use of low-cost labor
- Risk: High prices limit consumption
Industries Where San Miguel Competes
- Food
- Meat Products (primary)
- Agriculture
- Agricultural Support Activities & Products
- Beverages
- Alcoholic Beverages
