ADM and Mitsubishi Corporation have signed a non-binding memorandum of understanding to form a strategic alliance, aimed at exploring potential collaboration across the agriculture value chain. This move comes in response to the increasing need for secure and resilient food and agricultural supply chains, influenced by global population growth, economic development, and a shift towards sustainably sourced products.
The partnership leverages ADM's position as a leading food and agriculture company and Mitsubishi Corporation's cross-industrial business platform, which spans multiple sectors including food and energy. The companies aim to create value by identifying new opportunities, such as establishing a robust biofuel supply chain and enhancing the global food system.
ADM and Mitsubishi Corporation are focused on advancing solutions to global challenges in the agriculture value chain. ADM highlights its role as a global agricultural supply chain manager offering a wide range of nutrition solutions and a commitment to sustainability and innovation. Mitsubishi Corporation emphasizes its mission to generate economic, societal, and environmental value through its operations across various business sectors.
Both organizations aim to combine their strengths to address global needs and create a more resilient and sustainable future for agriculture.