We’re expanding capacity in Europe. We’re expanding capacity in other parts of Asia to complement the sourcing that we have today and the strong sourcing position that we have in China, helping just sort of balance that mix of sources that we have. And Mark, if you want to add anything to that?
Mark Douglas: Yes, I would say a couple of things on top of what Andrew just added. Formulation capacity is also important. Having the active ingredient is one thing, but expanding your formulation capacity is also a key attribute of where we spend capital. It’s nowhere near the same scale of capital, but it is important. And we have, over the last year, expanded capacity here in the U.S., in Europe, and as we go into ’23, we’re expanding our formulating capacity in Brazil as well. So you won’t see — it doesn’t become so apparent in terms of overall dollars of capacity expansion but that is an important attribute that we’re focused on as well.
Richard Garchitorena: Okay. Great. And as a follow-up, in the slides you provided some details on your Precision Ag business, the Arc mobile solution. Maybe can you talk about how you’re going to plan on monetizing this potentially in the future? What your expectations are for growth of that platform. And also, what would you say to folks who — there’s a thought out there that Precision Ag could be a negative to volumes longer term, given it could make farmers more efficient and they may be applying less volume of product. Maybe if you could touch on those.
Mark Douglas: Yes, sure. So I’ll take the last one first. Listen, I think once you apply something from a precision methodology, you are going to de facto use less volume. I think what gets mixed and what gets missed in this area is the discussion around volume and value. Where are you bringing value and how do you capture that value? Obviously, there are some very large products used around the world, especially nonselective herbicides to go back to that topic. See & Spray technology, which has been developed is an area that is obviously of interest in that space. For us, when I look at how do we capture value from Arc, what are we doing? We’re allowing the grower to very precisely time when they need to put the best products in the field to remove insects.
That’s great from a sustainability perspective. It is also something where you capture value from not only the products you’re selling today but the broader portfolio that you sell to those growers. I don’t see anywhere in the world where we charge for Arc. We provide it free of charge. It is an SG& A expense, but it does have tremendous uplift in terms of the portfolio mix that you sell. And also, don’t forget, it has another attribute, it defends business for us. We’re defending on 20 million acres, quite a few hundred million dollars of high-profit products that is very difficult to remove once somebody is using a process like that. That’s a differentiator that we believe adds more value to the company than anything else. So we don’t necessarily see it as a separate profit center, but we do see it as an important element of how we continue to grow the portfolio and defend the business we have today.
Operator: The final question comes from Arun Viswanathan with RBC.
