Olam at a glance
Established in 1989, Olam is today a leading global agri-business operating from seed to shelf, supplying food and industrial raw materials to over 22,000 customers worldwide. Our team of 72,0001 employees across 66 countries has built leadership positions in several of our 18 platforms, including cocoa, coffee, edible nuts, spices, rice and cotton. We source from 4.7 million farmers and their communities. We are listed on the Singapore Exchange (SGX) and are among the top 30 primary listed companies by market capitalisation.
1. Employees includes full-time, seasonal, contract and temporary workers
In 2017, we updated our purpose to ‘Re-imagining Global Agriculture: Growing Responsibly’. It is our ambitious mission to drive transformation in our sector. That we will do so in an ethical, socially responsible and environmentally sustainable manner is a given in the world of Olam. There are 3 outcomes we intend to achieve through our Purpose: i) Prosperous farmers and farming systems; ii) Thriving communities; and iii) Re-generation of the living world.
How we win
Our success has and always will come from innovating our business model ‘The Olam Way’ to achieve the unexpected. We have built deep industry expertise, distinctive capabilities and differentiated our business sufficiently to ensure profitable growth.
We focus on 7 Capitals to drive long-term value creation:
- Financial Capital
- Human Capital
- Social Capital
- Human Capital
- Intellectual Capital
- Intangible Capital
- Manufactured Capital
We successfully delivered on our key priorities for 2017 as part of our 2016-2018 Strategic Plan, closing the year with a strong set of results. Our earnings for the year grew significantly and our returns also improved. We generated record cash flows and further strengthened our balance sheet by reducing our gearing. These results were achieved on a combination of pursuing growth in prioritised platforms, working to turn around underperforming businesses and nurturing gestating assets.
Where we operate
We operate in the upstream1, midstream2, and downstream3 parts of the agriculture value chain. This selective integration enables us to take advantage of our assets, competencies and expertise to take greater control from seed to shelf of our value chain and to capture excess returns.
1. Upstream: plantations, concessions and farms
2. Midstream: value-added processing and manufacturing
3. Downstream: consumer franchise and distribution infrastructure in African markets
Our value chain
Olam’s heritage lies in the origination and traditional supply chain management, sourcing agricultural ingredients and raw materials for our global customers in the food and beverage, textile, wood, rubber, and related industries.