Preheat pot over medium heat.
Add the ground beef to the pot.
Season the ground beef with the adobo, garlic powder, and onion powder.
Break up the ground beef as much as possible with the mixing spoon and cook through. Ground beef will be brown when it is fully cooked.
Create a well in the middle of the ground beef, and add the sofrito. Sauté the sofrito quickly before mixing it into the ground beef.
Stir in the olives.
Stir in the tomato sauce.
Stir in the sazón and bay leaves.
Simmer for 5 minutes to thicken, occasionally stirring, so the picadillo doesn't burn and stick to the bottom of the pot.
Serve with rice, like tacos, over pasta, or as a filling for empanadas or lettuce wraps.