Poultry producer Tyson Foods is the latest American giant to leave Chicago. Earlier in the year Boeing, Caterpillar and Citadel announced their exit from the Windy City. McDonald’s CEO Chris Kempczinski had recently announced that the food and beverage giant would remain as well as expand its operations in Chicago but also commented on the increase in crime in the city.

Tyson Foods sent an email to CNN where the meat and poultry company said that the reason for shifting out of Chicago was to bring together its corporate employees to its global headquarters in Arkansas. Staff from two offices in the state: one in downtown Chicago and the other in Downers Grove in Illinois and one office from South Dakota located in Dakota Dunes would be relocated. About 1,000 employees of Tyson Foods are expected to be relocated to Arkansas, early next year.

In a release to the outlet, CEO Donnie King said that the company was unlocking “greater opportunities to share perspectives and ideas” under a single roof and to provide “innovative product solutions” that their customers’ deserved and that would provide value to them. The company has seen a 25 percent slide in its stock price, this year.

Tyson Foods has faced a downturn due to inflation. It noted that the demand for chicken remained “extremely strong” but there was a softening in the “demand for its higher-priced cuts of beef.”

Tyson Foods is planning to launch more options and larger package sizes for consumers to continue to buy their chicken products as they are looking for value as is the norm during inflation. Food prices have remained high throughout the world after pandemic losses as well as the ongoing Ukraine-Russian war.

In June, American cereal giant Kellogg said that its new cereal and plant-based food companies will have their headquarters in Chicago. However, the fact remains that four major American companies: Tyson Foods, Boeing, Caterpillar and Citadel are leaving the Windy City for greener pastures.

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