CRA Newsletter | June 8, 2023
Our monthly newsletter highlights the work CRA and our members are doing to innovate, invest, and grow in the communities where we live and work. We invite you to explore our newsletter and learn more about CRA and our members.
CRA NEWS
CRA RELEASES COMPETITIVENESS PAPER SHOWING U.S. IS FALLING BEHIND IN TRADE
CRA has just released a new report, Trade Agreements and U.S. Competitiveness, revealing the United States is falling behind its competitors in reducing global trade barriers. The report tracks trade agreements since 2010 and shows that several nations have outpaced the U.S. in the creation of new bilateral and multilateral trade arrangements, including China, Japan, the European Union, and Canada. At the same time, U.S. trade partners are pressing forward with new trade agreements, risking diminished American economic competitiveness and investment opportunities in critical regions around the world. The report comes days after the U.S. Department of Agriculture announced a lowered forecast for U.S. agricultural exports, increasing the size of the projected agricultural trade deficit to $17 billion. The full report is available here.
CRA & 47 OTHER FOOD & AG INDUSTRY MEMBERS URGE CONGRESS TO PASS THE UNITED ACT
48 food and agriculture industry members wrote Congress in support of S. 629 and H.R. 3653, the Undertaking Negotiations on Investment and Trade for Economic Dynamism (UNITED) Act, which would grant the President, in consultation with Congress, the power to seek a comprehensive trade agreement between the United States and the United Kingdom.
The letter states, “As supporters of trade agreements that advance American strategic and economic interests, we see these bills as a tremendous opportunity. A comprehensive trade agreement with the U.K. would broaden the scope of exporting opportunities for American businesses, strengthen our supply chain resilience, and improve the well-being of our consumers.” A press release on the letter is available here and the full letter is available here.
CRA RELEASES 2023 FARM BILL PRIORITIES
The 2023 Farm Bill presents an opportunity to advance a number of policy objectives to support the growth of the bioproducts industry. In collaboration with the Plant Based Products Council, we have identified a set of priorities to advance through the Farm Bill. Read those here.
MEMBER NEWS
ADM NAMED MOST SUSTAINABLE TRADING COMPANY OF THE YEAR
CRA member Archer-Daniels-Midland (ADM) was distinctly named the “Most Sustainable Trading Company of the Year” at the 2023 Commodity Trading Awards Ceremony in London. This award is presented to companies for driving positive changes in environmental, social, and governance (ESG) practices. To learn more, click here.
CARGILL SUPPLY CHAIN DESIGN AND OPTIMIZATION TEAM IS AWARDED THE SUPPLY CHAIN EXCELLENCE AWARD
CRA member Cargill was named the 2023 winner of the Supply Chain Excellence Spendsetter Award from Coupa Inspire. Teams that win have displayed supply chain design and planning that exemplifies the company’s ability to adapt and grow in an ever-changing supply chain market. To learn more, click here.
TATE & LYLE ISIT TEAM WINS THE REAL INNOVATION TECHNOLOGY AWARD’S (RITA) PROJECT OF THE YEAR AWARD
CRA member Tate & Lyle’s ISIT team was awarded the project of the year from RITA for their work on the separation and cloning of their IT infrastructure. To learn more, click here.
INGREDION INCORPORATED IS RECOGNIZED AS ONE OF THE 2023 TOP REGIONAL COMPANIES IN THE U.S.
CRA member Ingredion Incorporated has been recognized by DiversityInc as one of the 2023 Top Regional Companies for its commitment to diversity and inclusion by promoting workplace fairness in talent strategy, supplier diversity practices, and philanthropic engagement. To learn more, click here.
Did you know?
#DidYouKnow corn can be found in the most common everyday objects, including tires, shampoos, tanning leather, and spark plugs? Learn more about all the ways you may encounter the kernel of innovation in your day-to-day life here.