Established in 1989, Olam International limited is one of the biggest global supply chain integrator, processor of soft commodities and product supplier operating across 16 platforms and catering to 16,200 customers around the world.
Image: company website
It has grown to be a multi-cultural, multi-national agri business with 62,500 employees from 70 different countries. It finds its presence in many businesses including cocoa, coffee, cashew, rice and cotton.
It started as a trader of cashew from Nigeria into India. They have 47 different products now.
Olam is committed to ensure ethical, social, responsible and environmentally sustainable growth of the company and delivering long term value to the company’s shareholders. The company has revolutionized seed to shelf supply chains through sustainable measures and standards. Olam Livelihood Charter was launched in order to incorporate 8 charter principles of finance, improved labor, yield, market access, quality, traceability, social investment and environment impact as a benchmark for the business. Company has managed several such OLC initiatives.
Evolution of Olam business model has helped the company develop its new upstream, midstream and downstream parts of value chain. In upstream value chain return integration opportunities were identified within the value chain and selective investments were made.
A solid base in origination was aimed at sourcing and supplying various agricultural commodities. Midstream integration was done to launch initiatives in value added processing and manufacturing activities. They have built a consumer franchise and distribution infrastructure in several different markets. They have embarked upon a fertilizer manufacturing and distribution business.