Agilent Technologies has lowered its growth expectations for its food division to a low single-digit decline range.

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.