Issue 1/2018: In a sweet spot: Olam’s winning Southeast Asian strategy
|A. Shekhar, Executive Director & Group Chief Operating Officer||2018 is a momentous year for Olam as we continue to deliver on our 2016-2018 Strategic Plan and create significant value for our stakeholders.
Importantly, this year marks the evolution of our business model to Olam 2.0. The initiatives we implemented over the past 28 years as part of Olam 1.0 have laid a strong foundation for “The Olam Way”, guiding how we lead, organise, compete, grow and succeed. Now is the time to ensure that we stay ahead.
|Through Olam Insights, we want to bring to life how we will be applying and refining our business model Olam 2.0 across our diverse businesses and regions. You will read more about how our managers on the ground are focusing on long term growth drivers and developing future-proofed strategies for the Group, while putting sustainability at the heart of our business and instilling Olam’s values and purpose across the 72,000+ employees worldwide.
You will read more about how our managers on the ground are focusing on long term growth drivers and developing future-proofed strategies for the Group, while putting sustainability at the heart of our business and instilling Olam’s values and “DNA”.
We hope you find this useful to give you a view on how we are “Re-imagining Global Agriculture and Growing Responsibly”.
Asia, Australia and the Middle East have collectively been one of the largest regions responsible for both sourcing and revenue generation in Olam since its expansion into the region in the late 1990s. Today, it accounts for 26% and 37% of the Group’s sourcing volumes and revenues respectively, and continues to be an engine for pursuing profitable growth in prioritised platforms, such as Edible Nuts, Spices & Vegetable Ingredients, Cocoa and Coffee.
In this issue of our refreshed Olam Insights in 2018, we focus on the burgeoning economies of Southeast Asia. Our colleagues based in Singapore, Vietnam and Indonesia discuss why Olam is in a sweet spot to thrive in this region, while making a difference locally.
The new megatrends: Why Southeast Asia is leading the way
Prakash Jhanwer, Regional Head, Southeast Asia and China tells us about the new megatrends in Southeast Asia, its influence on the rest of Asia and growth expectations Olam has from this region.
Vietnam rising – on a tide of a nation committed to success
Amit Verma, Country Head, Olam Vietnam and Olam PNG proves how Vietnam as a nation is slated for greater growth and to be the food supplier of choice for Asia, and describes Olam’s future levers of growth.
A growth strategy in lock-step with Indonesia
Ramakrishna Prasad, Senior Vice President, Olam Indonesia relates why and how Olam has elected to grow in areas that address the country’s needs while playing to its strengths.
Getting the best from the best
Naveen Chhabra, Vice President, Human Resources, Southeast Asia explains how Olam impacts human capital in Southeast Asia through its HR approach.
Sustainability in action: Living examples of a policy vital to our planet’s future
Moray McLeish, Vice President, Corporate Responsibility & Sustainability, Asia uses three examples of our work in Southeast Asia to demonstrate how we are making a net positive impact on farmers, their communities and the environment, and differentiating Olam.