Steeped in its classical positioning of effective market proximity, the Greater Memphis region provides significant competitive advantages for companies within food and beverage processing. In fact, these industries comprises 16% of total manufacturing employment and has realized 4.7% job growth over the last 5-years.
With a regional presence of over 100 business establishments, area employers have access to a diverse supply chain of raw materials, unmatched water quality, and an experienced pool of talented workers. Shown in the table below, industries that comprise food and beverage processing are highlighted with historical, current, and projected employment. In addition to strong employment across a variety of industries, the Greater Memphis region hosts strong specializations within Grain and Oilseed Milling, Dairy Product Manufacturing, and Sugar and Confectionery Product Manufacturing.
|Industry Description||2015 Jobs||2019 Jobs||2023 Jobs||Job Growth 2015 to 2019 (%)||Projected Job Growth 2019 to 2023 (%)||2019 Location Quotient|
|Grain and Oilseed Milling||1,490||1,415||1,403||-5.0%||-0.8%||5.47|
|Dairy Product Manufacturing||1,006||1,010||1,030||0.4%||2.0%||1.58|
|Other Food Manufacturing||721||908||1,002||25.9%||10.4%||0.95|
|Sugar and Confectionery Product Manufacturing||819||864||932||5.5%||7.9%||2.67|
|Animal Slaughtering and Processing||190||439||599||131.1%||36.4%||0.2|
|Fruit/Vegetable Preserving and Specialty Foods||504||430||409||-14.7%||-4.9%||0.59|
|Bakeries and Tortilla Manufacturing||114||178||231||56.1%||29.8%||0.13|
|Seafood Product Preparation and Packaging||201||171||147||-14.9%||-14.0%||1.15|
|Animal Food Manufacturing||66||105||109||59.1%||3.8%||0.39|
|Food+Beverage Processing Total||6,441||6,745||6,891||4.7%||2.2%|
Analyzing critical mass and growth by occupations helps paint a robust picture of regional labor presence and workforce supply. Shown in the table below, the top ten primary occupations employed through a food and beverage processing facility are highlighted. Shown within, Greater Memphis has over 60,000 residents employed in these occupations. Collectively, these occupations grew 13.2% from 2015 to 2019 and host competitive wage rates 7.5% less than national averages.
|Occupation Description||2019 Jobs||Avg. Hourly Earnings|
|Laborers and Freight, Stock, and Material Movers, Hand||40,969||$14.80|
|Industrial Truck and Tractor Operators||6,235||$16.84|
|Packers and Packagers, Hand||5,329||$12.62|
|Packaging and Filling Machine Operators and Tenders||2,683||$14.93|
|First-Line Supervisors of Production and Operating Workers||2,633||$28.78|
|Meat, Poultry, and Fish Cutters and Trimmers||358||$11.43|
|Separating, Filtering, Clarifying, Precipitating, and Still Machine Setters and Operators||229||$17.57|
|Food and Tobacco Roasting, Baking, and Drying Machine Operators and Tenders||157||$21.79|
|Food Cooking Machine Operators and Tenders||152||$15.66|
|Regional Employment, Primary Food + Beverage Occupations||60,113|
Memphis has the second-largest concentration of transportation and warehousing employees in the United States and is within a two-day drive of 75% of the U.S. population. This gives manufacturing companies within the region a competitive advantage in distributing products. Memphis is home to FedEx, the busiest cargo airport in North America, has five Class-I Railroads, and has the fifth largest inland port in the U.S.