Archer Daniels Midland (ADM) (NYSE: ADM) is a US-based food (agricultural products, ingredients, and commodities) processing and nutrition multinational company. ADM had 59 procurement centers, 25 processing plants, and eight innovation centers around the globe, as of 2023. The company generated USD 101.6 billion in revenue for 2022.
ADM offers its products under four segments: 1) Ag Services and Oilseeds—processing agricultural raw materials and crushing and processing oilseeds; 2) Carbohydrate Solutions—milling corn and wheat; 3) Nutrition—manufacturing, selling, and distributing ingredients such as natural flavors; and 4) Other Business—brokerage and insurance services. Ag Services and Oilseeds was its largest segment, contributing to ~78% of total revenue in 2022.
The company’s largest regions by revenue contribution were the US (~43%) and Switzerland (~21%). In 2022, ADM approved the scope for a two-year modernization program (2023–2024) that encompasses 18 manufacturing facilities, with an expected double-digit return from the initiative. The company also plans to continue expanding 1ADM, a business transformation program, with anticipated profitable revenue growth and higher margins.
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