How Top Corporations Are Secretly Navigating and Profiting from Shifting Immigration Policies—What They’re Not Telling You Could Change Your Next Investment Move
Smithfield Foods, Inc.
Smithfield Foods, a pork producer and food processing company, expressed sentiments similar to NetApp. In a Form 10-K filed in March, the Virginia-based food company mentioned that new immigration laws could potentially increase its costs for recruiting, training and retaining employees.
Moreover, Smithfield noted it expects to see increased costs related to complying with federal law in reviewing employees’ immigration statuses, and the changes could also create employee shortages. Smithfield added that increasing enforcement efforts of existing immigration laws could disrupt a portion of its workforce or operations: “There can be no assurance that these activities or consequences will not adversely affect our business, financial condition or results of operations in the future.”
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