Workers at the largest Hormel plant are set to strike if the company doesn’t cut them in on some of the $2 billion in profits the company made in the past 12 months. The plan manufacturers more than 1 billion pounds of Spam, pepperoni and other Hormel products.
If this leads to a Spam shortage, expect prices to increase because of scarcity. If they reach an agreement, expect prices to rise because labor costs will go up. Better stock up!
Published on 9/24/2023. Read full article.