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Foot Traffic at Meat Processing Plants Around the US Reflects Slowdown in Production

Source: https://www.advan.us/blog.php

Over the past several weeks, meat processing plants around the world have been receiving increased attention in the media. The high numbers of COVID-19 cases in these locations, where physical distancing can be difficult, has affected meat supply chains across the country.

While some plants closed, many have now reopened. Physical distancing measures are in place but the number of workers on production lines remains depressed with many having fallen sick and others cautious about returning to work due to the risk of infection.

We looked at foot traffic for meat processing facilities in the 5 states with the highest number of plants: Arkansas, Georgia, Iowa, Mississippi and Texas.

The chart shows the percentage change in traffic since the start of the year. In the first two months, foot traffic was fairly steady. In March, for most states other than Iowa, traffic started its downward trend. The current number of visitors seen at meat plants in these 5 keys states is down on average between 13% and 21% since January. The exception is Mississippi, where traffic has recovered to almost the same levels as the start of the year.

In the following weeks we will watch to see how these plants are able to balance the risks of COVID-19 to their workforces, with the market demand for meat products, with foot traffic as an accurate leading indicator of potential supply chain issues for meat availability in the US.

To learn more about the data behind this article and what Advan has to offer, visit https://advanresearch.com/.

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DATA PROVIDER SPOTLIGHT

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us

GET WEEKLY ALERTS

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The email you entered is not valid.

LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us