Pandemic impacts Certified Angus Beef fiscal year, but sales momentum strong
Kylee Kohls, Certified Angus Beef (CAB)
via Aberdeen News (SD) - Oct 13, 2020
Blindfolded on a rollercoaster, this year in the beef business was filled with unexpected upside-downs and lurches.
Whether a restaurateur in New York City or a rancher in Nebraska, the impacts of COVID-19 make 2020 a ride no one will soon forget.
For the first time in 16 years, the Certified Angus Beef brand reported lower annual pounds sold for its fiscal year that ended Sept. 30. Still, 2020 was one of strong performance and the fifth consecutive year with sales of more than a billion pounds across 51 countries. Those global sales of 1.175 billion pounds were down 6%, or 75 million pounds.
"We’re prepared and positioned today to support our partners’ business recovery and growth as we move forward," says CAB President John Stika. "We’re fortunate to be in good shape because of the combined effort across our community."
Supply set to meet demand ...
Riding the rails ...