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Among them, delays in fund transfers in the Chinese and Indian markets have exerted significant pressure on overall performance.

This adjustment is mainly based on two major factors: delays in capital allocation in the Chinese and Indian markets, and the continued headwinds from inflation triggered by conflicts in the Middle East. The company stated that rising supply chain costs and demand uncertainty caused by geopolitical tensions are presenting significant challenges to its global food testing and analysis business. At the same time, postponement of R&D and procurement funding in emerging markets is further slowing the pace of related projects. Facing a complex external environment, Agilent is actively adjusting its regional resource allocation to cope with short-term fluctuations and maintain its long-term market position.

The plan aims to directly advance the company's core strategic priorities by optimizing operations and improving efficiency. The company anticipates that this initiative will result in incremental management cost savings of over $25 million annually. This “Fit for Purpose” initiative marks a key step for Americold in enhancing organizational effectiveness and financial performance. By streamlining processes, integrating resources, and adopting more efficient management models, the company seeks to significantly reduce daily operating expenses while maintaining service quality. The savings will be reallocated to accelerate strategic investments and strengthen Americold’s competitive advantage in temperature-controlled warehousing and logistics.This move is expected not only to directly improve the company’s profit margins, but also to lay a more solid financial foundation for sustainable growth in the future. Americold’s management has emphasized that this plan is an important part of the company’s ongoing commitment to creating long-term value for shareholders.