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I have tried Beyond Meat. My concern is changing my diet to lock in with a single vendor selling a patented food product with 30%+ margins. Is there a reason
by hermannj314 5y ago
I have tried Beyond Meat. My concern is changing my diet to lock in with a single vendor selling a patented food product with 30%+ margins.
Is there a reason this amazing, world-changing, sustainable product isn't being sold at a reasonable or better price than ground beef? Tyson operates at 13% margin. Ground beef is 25% cheaper than Beyond.
Compete on price and I will buy it; pretty simple. Otherwise, this all feels like marketing propagande to convince us to overpay to line the pocket of a greedy industrial food manufacturer.
- simtel20 5y agoThe company is still developing its products, and the extra margin reflects the fact that it hasn't yet been able to amortize the costs as Tyson etc. have with already established slaughterhouses, monopolies on the business to secure their trade and other infrastructure.
- hermannj314 5y agoExactly, I agree 100%. Uber had to operate at a loss to disrupt the taxi industry but I switched to Uber because it was always cheaper and more convenient than a cab. I can not say the same about Beyond Meat with respect to its competitors. It is unfortunate for them.
- whywhywhywhy 5y agoWhat would the value be of a company that was the sole provider of all imitation meat to America and was the only meat you could buy because of environmental laws against sale and production of legacy meat.