Hormel is undergoing a three-year transformation journey towards a holistic, integrated business planning approach. The company aims to streamline its operations, enhance its portfolio by removing underperforming products, and centralise supply planning, demand planning, and deployment to support growth. This shift represents a pivot from a supply assurance-focused strategy, and with a stabilised supply chain, Hormel aims to unlock $200 million in operating profit by 2026 through portfolio optimisation and investments in people, processes, data, and technology. The company also emphasises upskilling its workforce, implementing new processes, and implementing data governance, all enabled by technology. By improving the accuracy of demand signals, Hormel seeks to ensure the right product is available at the right place and time, enhancing the customer experience and reducing transportation and manufacturing costs. Additionally, the company is optimising its manufacturing and distribution networks and actively working on sourcing initiatives to boost productivity across its supply chain. Hormel’s forward-looking investments encompass growth, innovation, cost savings, automation, and maintenance.