ADM 2016 Annual Report - Archer Daniels Midland

ADM's 2016 annual report outlines the company's three-part strategy: optimizing existing businesses, improving operational efficiency through cost reduction, and pursuing strategic growth. Despite challenging market conditions with low commodity prices and high volatility, ADM achieved $300M in run-rate cost savings and grew revenue by $540M through recent acquisitions, while returning $1.7B to shareholders via dividends and buybacks.