The economy is slowing, and even business-friendly states like Alabama are feeling the bite.
And that goes double for the food industry, where the combination of inflation, supply chain realignments, and slumping demand (both domestically and from foreign boycotts of American goods) have absolutely pummeled businesses.
So it’s not surprising that states like Alabama that have been the beneficiaries of the previous food manufacturing boom…are now some of the hardest-hit states as companies pull back.
After acquiring Berry Global, Amcor announced earlier this year that it was shuttering the Berry factory in Lanett, Alabama. The facility manufactured plastic for packaging and shipping (including food packaging), and it’s one of a number of food packaging facilities we’ve seen close this year…