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Archer Daniels' (ADM) New Innovation Center to Woo Customers
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In a bid to reach customers more easily and meet their changing trends throughout Southeast Asia, Archer Daniels Midland Company (ADM - Free Report) has opened a new innovation center at Biopolis Research Hub in Singapore. This 8,900 square feet facility is likely to provide cutting-edge flavor, and ingredient creation, application, development and customer innovation.
The innovation center will feature various capabilities like food and flavor analytic lab; a beverage and dairy applications lab and pilot plant; a bakery and confectionery lab; a meat and savory lab; a sweet and savory creation lab; sensory evaluation facilities; and a customer innovation center. The innovation center will house a team of food scientists, flavorists and applications experts, as well as sales, marketing and regulatory executives to carry out operations.
With the launch of this facility, Archer Daniels aims to become the most preferred ingredient and flavor expert for its customers. At the facility, it will work closely with customers to create the flavor and specialty ingredient, keeping consumers’ preferences for taste, nutrition, function and texture in mind.
Singapore has become the main hub of innovation and growth in the food and beverage industry. This makes it the obvious choice for Archer Daniel’s innovation center, where it expects to leverage technology, expertise and global scale to uplift the Southeast Asian food and beverage industry.
The launch of this new center is another major step in boosting Archer Daniels’ portfolio and capabilities worldwide. Apart from this, the company has been undertaking several strategic initiatives like cost-saving and investments in acquisitions, to expand its presence across the globe. Clearly, the company is leaving no stone unturned to match consumers’ changing preferences by making investments to become the go-to solution providers for clean labels, sustainable ingredients and great taste.
The news did not have a major impact on the company’s share price. However, this Zacks Rank #5 (Strong Sell) stock has gained 5.2% in the last six months.
Archer-Daniels-Midland Company Price and Consensus
Do Consumer Staple Stocks Interest You? Check These
Investors interested in stocks worth considering from this space may check out Boston Beer Company Inc. (SAM - Free Report) , Lamb Weston Holdings Inc. (LW - Free Report) and The Clorox Company (CLX - Free Report) . While Boston Beer sports a Zacks Rank #1 (Strong Buy), Lamb Weston and Clorox carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Boston Beer delivered an average positive earnings surprise of 63.3% in the trailing four quarters. It has a long-term earnings growth rate of 5%.
Lamb Weston pulled off an average positive earnings surprise of 7.8% in the trailing four quarters. It has a long-term earnings growth rate of 12%.
Clorox Company came up with an average positive earnings surprise of 2.3% in the trailing four quarters. It has a long-term earnings growth rate of 6.7%.
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It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Archer Daniels' (ADM) New Innovation Center to Woo Customers
In a bid to reach customers more easily and meet their changing trends throughout Southeast Asia, Archer Daniels Midland Company (ADM - Free Report) has opened a new innovation center at Biopolis Research Hub in Singapore. This 8,900 square feet facility is likely to provide cutting-edge flavor, and ingredient creation, application, development and customer innovation.
The innovation center will feature various capabilities like food and flavor analytic lab; a beverage and dairy applications lab and pilot plant; a bakery and confectionery lab; a meat and savory lab; a sweet and savory creation lab; sensory evaluation facilities; and a customer innovation center. The innovation center will house a team of food scientists, flavorists and applications experts, as well as sales, marketing and regulatory executives to carry out operations.
With the launch of this facility, Archer Daniels aims to become the most preferred ingredient and flavor expert for its customers. At the facility, it will work closely with customers to create the flavor and specialty ingredient, keeping consumers’ preferences for taste, nutrition, function and texture in mind.
Singapore has become the main hub of innovation and growth in the food and beverage industry. This makes it the obvious choice for Archer Daniel’s innovation center, where it expects to leverage technology, expertise and global scale to uplift the Southeast Asian food and beverage industry.
The launch of this new center is another major step in boosting Archer Daniels’ portfolio and capabilities worldwide. Apart from this, the company has been undertaking several strategic initiatives like cost-saving and investments in acquisitions, to expand its presence across the globe. Clearly, the company is leaving no stone unturned to match consumers’ changing preferences by making investments to become the go-to solution providers for clean labels, sustainable ingredients and great taste.
The news did not have a major impact on the company’s share price. However, this Zacks Rank #5 (Strong Sell) stock has gained 5.2% in the last six months.
Archer-Daniels-Midland Company Price and Consensus
Archer-Daniels-Midland Company Price and Consensus | Archer-Daniels-Midland Company Quote
Do Consumer Staple Stocks Interest You? Check These
Investors interested in stocks worth considering from this space may check out Boston Beer Company Inc. (SAM - Free Report) , Lamb Weston Holdings Inc. (LW - Free Report) and The Clorox Company (CLX - Free Report) . While Boston Beer sports a Zacks Rank #1 (Strong Buy), Lamb Weston and Clorox carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Boston Beer delivered an average positive earnings surprise of 63.3% in the trailing four quarters. It has a long-term earnings growth rate of 5%.
Lamb Weston pulled off an average positive earnings surprise of 7.8% in the trailing four quarters. It has a long-term earnings growth rate of 12%.
Clorox Company came up with an average positive earnings surprise of 2.3% in the trailing four quarters. It has a long-term earnings growth rate of 6.7%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>