Ingredion (INGR) risk factors, 2025 10-K

Risks Related to Our Business and Our Industry

1. 01Changes in consumer practices, preferences, demand and perceptions, including with respect to products developed through biotechnology, may lessen the demand for our products, which could reduce our sales and profitability and harm our business
2. 02Geopolitical conflicts and actions arising from them may have an adverse effect on the availability and prices of raw materials and energy supplies, cause supply chain disruptions, or contribute to volatility in foreign exchange and interest rates
3. 03Economic conditions may adversely impact demand for our products, reduce access to credit, affect investment returns and cause our customers and others with whom we do business to suffer financial hardship, all of which could adversely impact our business, results of operations, financial condition and cash flows
4. 04In connection with our defined benefit pension plans, adverse changes in investment returns earned on pension assets and discount rates used to calculate pension and related liabilities or changes in required pension funding levels may have an unfavorable impact on future pension expenses and cash flows
5. 05Our reliance on certain industries for a significant portion of our sales could have a material adverse effect on our business
6. 06Pandemics could have a material adverse effect on our business
7. 07The success of our business depends on the continuing innovation, research, development, formulation, maintenance and operation of our products and services, including more sustainable production
8. 08It may be difficult to preserve operating margins and maintain market share in the highly competitive environment in which we operate
9. 09Inputs to our procurement, production processes and delivery channels, such as raw material, energy, and freight and logistics, may experience price fluctuations, supply chain interruptions, tariffs, duties, and shortages that could adversely affect our results of operations
10. 10An inability to contain costs and working capital could adversely affect our future profitability, cash flows and growth
11. 11Operating difficulties at our manufacturing facilities and liabilities relating to product safety and quality could adversely affect our operating results, financial condition, cash flows and prospects
12. 12Global climate change and legal, regulatory, or market measures to address climate change, may negatively affect our business, operating results, financial condition, cash flows and prospects
13. 13We operate a multinational business subject to the economic, political and other risks inherent in conducting operations in foreign countries and with foreign currencies
14. 14Our profitability could be negatively impacted if we fail to maintain satisfactory labor relations
15. 15Our inability to attract, develop, retain, motivate and maintain good relationships with our workforce, including key personnel, could negatively impact our business and our profitability
16. 16Our business and financial results may be adversely affected by legal and regulatory proceedings
17. 17The recognition of impairment charges on goodwill or long-lived assets could adversely impact our future financial position and results of operations

Risks Related to Our Regulatory Compliance

1. 18Global and regional economic policies and changes to existing laws and regulations may have an adverse impact on our business
2. 19Changes in our tax rates or exposure to additional income tax liabilities could impact our profitability

Risks Related to Our Financing Activities

1. 20We may not have access to the funds required for future growth and expansion
2. 21Increased interest rates could increase our borrowing costs

Risks Related to Our Information Technology Systems

1. 22Our information technology systems, processes and sites may suffer interruptions, security incidents, or failures that may affect our ability to conduct our business and cause significant damage to our reputation

Risks Related to Investment in Our Common Stock

1. 23We may not continue to pay dividends, repurchase shares of our common stock, or to pay dividends or repurchase shares of our common stock at the same rate we have paid in our most recent fiscal quarters
2. 24Any failure by us to maintain effective control over financial reporting could result in loss of investor confidence and adversely impact our stock price