Archer-Daniels-Midland Company (ADM) is a global agricultural supply chain manager and processor, a premier human and animal nutrition provider, and a leader in sustainability. ADM's capabilities span from the seed of an idea to the outcome of the solution, providing customers with an advantage in solving nutritional and sustainability challenges. The company is a leading producer of ingredients for sustainable nutrition, offering a broad portfolio of food and beverage solutions, and is also a leader in animal nutrition. ADM is a global leader in health and well-being, with an industry-leading range of probiotics, enzymes, supplements, and more. The company is also leading the way to a future of new consumer and industrial solutions from nature, with expertise in precision fermentation. ADM has significant investments and joint ventures that aim to expand or enhance the market for its products or offer other benefits, including geographic or product-line expansion.

• Employees: 41,802 (as of December 31, 2023)
• Geographic Footprint: Operates in over 190 countries
• Headquarters: Chicago, IL
• Founded: Not explicitly stated in the 10-K
• Number of locations/facilities: Approximately 160 warehouses and terminals, 67 innovation centers, and numerous processing plants
• Revenue: $93.935 billion (FY2023)
• Market Capitalization: $40.3 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: Wilmar International Limited, Pacificor, SoyVen, Olenex Sarl, Stratas Foods LLC, Edible Oils Limited, ADM Investor Services, and Agrinational Insurance Company

• CEO: Juan R. Luciano
• CFO: Ismael Roig (Interim)
• Board Chair: Juan R. Luciano
• Other Key Executives: Benjamin I. Bard (Vice President and Chief Integrity Officer), Camille Batiste (Senior Vice President, Global Supply Chain and Procurement), Christopher M. Cuddy (Senior Vice President), Pierre-Christophe Duprat (President, International Corn Milling), Kristy Folkwein (Senior Vice President and Chief Technology Officer), Molly Strader Fruit (Vice President, Corporate Controller), Leticia Goncalves (President, Precision Fermentation and ADM Ventures), Regina Bynote Jones (Senior Vice President, General Counsel and Secretary), Domingo Lastra (President, South America), Gary McGuigan (President, Asia Pacific), Nuria Miguel (Senior Vice President and Chief Science Officer), Gregory A. Morris (Senior Vice President), Dermot O'Grady (Senior Vice President, Global Operations), Ian Pinner (Senior Vice President), Joseph D. Taets (Senior Vice President), Jon Turney (President, EMEA Oilseeds and Chief Risk Officer), Thuy-Nga T. Vo (Chief Counsel, Corporate, Securities, and Mergers and Acquisitions and Assistant Secretary), Jennifer L. Weber (Senior Vice President, Chief People and Diversity Officer)

The 10-K provides details on the executives' roles within the company, and some of their previous positions.

• Annual Revenue: $93.935 billion (FY2023)
• Net Income: $3.483 billion (FY2023)
• Market Cap: $40.3 billion (as of June 30, 2023)
• Total Assets: $54.631 billion (as of December 31, 2023)
• Number of Employees: 41,802 (as of December 31, 2023)
• Key Financial Highlights: Net earnings attributable to controlling interests decreased 20% to $3.5 billion, and segment operating profit decreased 10% to $5.9 billion.

ADM offers a wide array of products and services across its segments:

• Ag Services and Oilseeds: Includes origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds into vegetable oils and protein meals.
• Carbohydrate Solutions: Engages in corn and wheat wet and dry milling, producing sweeteners, starches, syrup, glucose, wheat flour, dextrose, alcohol, and animal feed ingredients.
• Nutrition: Offers plant-based proteins, natural flavors, flavor systems, natural colors, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, postbiotics, enzymes, botanical extracts, and other specialty food and feed ingredients.

ADM also provides various services including brokerage, insurance, and structured trade finance activities.

ADM operates through three reportable business segments:

• Ag Services and Oilseeds: Includes global activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds into vegetable oils and protein meals.
• Carbohydrate Solutions: Engages in corn and wheat wet and dry milling and other activities, producing sweeteners, corn and wheat starches, syrup, glucose, wheat flour, dextrose, alcohol, and animal feed ingredients.
• Nutrition: Serves various end markets including food, beverages, nutritional supplements, and feed premix and additives for livestock, aquaculture, and pet food.

Revenue breakdown by segments is available in the financial statements.

ADM's strategy focuses on three pillars: Productivity, Innovation, and Culture. The company aims to mitigate climate change and protect biodiversity through renewable product and process innovations, supply chain efforts, and a strategic approach to operational excellence. ADM believes sustainability is critical to its future growth strategy, leveraging trends and technologies in sustainability. The company is focused on decarbonization efforts, traceability of sourcing, and working with suppliers and customers to identify nature positive solutions. ADM has set ambitious environmental stewardship goals, including reducing GHG emissions, energy intensity, and water intensity, and achieving a high landfill diversion rate. The company is also committed to diversity, equity, and inclusion.

ADM operates in the global agribusiness markets, facing competition based on price, foreign exchange rates, quality, global supply, and alternative products. The company's Nutrition business is a vertically integrated business that provides ingredients and solutions for human, animal, and pet in a highly competitive environment. ADM focuses on managing unit costs, improving efficiency through technology, and regular evaluation of its asset portfolio. The company also focuses on innovation and science-based solutions, building direct-to-consumer sales channels, and expanding into new markets.

• Operational Risks: Potential business disruptions from equipment failure, raw material shortages, natural disasters, severe weather conditions, accidents, explosions, fires, or other unexpected outages.
• Financial Risks: Limitations on access to external financing due to its capital-intensive nature, fluctuations in commodity prices, and changes in energy prices.
• Geopolitical Risks: Risks related to international conflicts, acts of terrorism or war, or other geopolitical events, such as the ongoing war in Ukraine, Israel-Hamas war, sanctions, and other economic disruptions.
• Regulatory Risks: Impact of carbon emission regulations, political instability, changes in trade policies, and various laws, regulations, and mandates globally.
• Cybersecurity Risks: The company faces significant and persistent cybersecurity risks due to the breadth of geographies, networks, and systems it must defend against cyberattacks.