Cargill Set for Structural Overhaul, Report Says

Global Trading Giant to Restructure Following Missed Earnings Targets

Consolidating Operations into Three Core Segments

Global trading giant Cargill is set to undergo a major restructuring following missed earnings targets, according to a report by Just Food, a GlobalData publication.

The company will consolidate its operations into three core segments: Food, Ag Trading, and a Specialized Portfolio. This move comes as Cargill has faced challenges due to volatile commodity crop prices and changing market trends.

"Our recent performance and the market trends unfolding in front of us have proven a clear and pressing case for change," said Cargill CEO Dave MacLennan.

The restructuring will begin on September 1st and will involve a realignment of the company's business units and leadership structure. It is expected to result in cost savings and improved efficiency.

Cargill is not alone in facing challenges. Many agri-food companies have been affected by the recent downturn in commodity prices. However, Cargill's restructuring is seen as a bold move that could help it to remain competitive in the long term.