Shrimp sold at Walmart, Costco tied to slave labor
Shrimp is a summertime delicacy, but some consumers may lose their appetites after learning that shrimp sold at top retailers such as Walmart (WMT) and Costco (COST) is tied to slave labor.
Men are pressed into service and "bought and sold like animals" in the shrimping industry off the coast of Thailand, according to a six-month investigation by The Guardian, published on Tuesday.
The investigation found that slave labor is producing a basic yet essential part of the shrimp industry. Slaves -- who are reportedly beaten, chained, tortured and sometimes killed by their captors -- are forced to haul up huge "trash fish" harvests. According to the report, those fish are then ground to fishmeal and sold to CP Foods, a giant Thai food conglomerate which uses the meal to feed its farmed shrimp. Those shrimp are sold to Walmart, Costco and U.K. retailers such as Tesco, the Guardian found.
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