Global Supply Chain Deal Benefits Argentina

This is a fascinating video that sheds light on a truly global deal, Argentina’s role in the supply chain, and China’s insatiable appetite for everything. Noble Group CEO Richard Elman sits down with Bloomberg’s Bernie Lo to talk about China Investment Corporation’s (CIC) $850 million purchase of a 15% stake in Noble. Bloomberg notes that China has an appetite for everything Noble does business in from agriculture to foodstuffs to ores. Elman says the newly formed partnership seeks to secure the food chain on a global basis. “We think it’s going to be more important as the years go by. The world population is increasing by 3-5% every year, but the agricultural commodity development is not catching up with it, so I think we have a lot of opportunity there.” Noble’s port network in Argentina (Asset Map) is an integral piece in the pipeline strategy for South America, a region that Elman considers “the best source of low cost production in the world.”