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JBS Wed.HirtzerBloomBerg: Cyberattack Hits Brazilian Meat Company JBS

JBS Wed.HirtzerBloomBerg is one of the leading meat producers in the world. However, the company is impacted by the food supply chain, and the impact of a cyberattack on its business. According to a recent report, the company was hit with a hacker attack in September. The cyberattack is believed to have affected the price of meat at the grocery store.

Brazilian-Based Meat Processing Company

JBS Wed.HirtzerBloomBerg, a Brazilian-based meat processing company, was hit with a ransomware attack. The hack, which was first detected on Sunday, shut down a number of computer systems in the U.S. and Australia. A federal investigation is underway.

According to a statement from JBS Wed.HirtzerBloomBerg, a “sophisticated and sophisticated” attack was the cause of the shutdowns. Thousands of workers were affected. As of Wednesday, June 33, many plants had reopened. However, the attack continues to impact customers and suppliers.

State-Sponsored Attacks

The meat processing industry is increasingly centralized, with computers used at various stages of processing. It is a target for both state-sponsored attacks and ransomware. With a shortage in supply, it is likely that the prices of meat will rise.

World’s Largest Meat Producer

JBS is the world’s largest meat producer, and its operations are spread across six countries, including the United States and Canada. It processes 45 million chickens and 500,000 hogs each week.

One of the Canadian facilities, located in Brooks, Alberta, was infected with the ransomware. That plant processes 30% of the beef that is inspected by the government. Another facility in New Zealand handles 3% of JBS’s revenue.

JBS, which processes a quarter of the world’s meat, said that the attack was not related to state-sponsored attacks. However, the White House said that the FBI had been notified of the attack.

Impact on Meat Prices at the Grocery Store

In the past few months, meat prices have risen. The increase is partly due to increased consumer demand, but also has been driven by supply chain issues.

Meatpacking companies have been increasing the price they collect from retailers and increasing the prices of grains they feed to farmed animals. This has resulted in price increases for many staples, including beef and pork. Nevertheless, analysts believe that prices will continue to rise.

Some experts suspect that Tyson Foods is pushing consumers to pay more in order to fatten up its profits. In the last quarter, the company reported a 40% increase in operating income.

High Cost of Fuel & Labor

However, meatpacking companies argue that prices are reflective of the rising demand for meat. Besides, Tyson says, these prices reflect the high cost of fuel and labor.

Meanwhile, the White House alleges that meat producers are raising their prices beyond inflation. It’s not clear how the USDA will regulate prices.

Stockyards Act

If these charges are true, the meatpacking industry could be accused of anti-competitive practices. The Packers and Stockyards Act, passed in 1921, is designed to prevent such behavior. However, it has been weakly enforced.

The Biden administration has begun a series of investigations into the meatpacking industry’s pricing practices. The National Farmers Union has suggested that more competition in the meatpacking industry is needed.

Impact on Food Supply-Chain

JBS, one of the largest meat producers, was targeted in an organized cyberattack. The attack hit the company’s IT systems in Australia and North America. It triggered temporary shutdowns of a number of its plants.

However, the cyberattack did not lead to a complete disruption. Some of the plants have started operating again, but it will take longer for a full recovery.

JBS’s Supply-Chain

For now, JBS’s supply-chain has experienced a hiccup. But the company has been working with a security firm to find solutions.

JBS Wed.HirtzerBloomBerg is a global food company that operates in six countries. It’s one of the largest beef and pork producers in the world. The company also produces fish and uses a geospatial monitoring system to monitor farmers’ compliance with its procurement policies.

The company has zero tolerance for illegal deforestation, forced labor, environmental embargoes, and the use of indigenous land. In addition, JBS is committed to sustainable goals.

Final Words:

Despite the recovery, underlying issues in the food sector are likely to remain. For instance, JBS is seeking ways to reduce its carbon footprint. As a result, it is planning to cut plastic trays and seek innovative biodegradable packaging solutions.

JBS is under antitrust scrutiny from the federal government. It has also been linked to the illegal deforestation in Brazil.

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