Working with partners
Olam’s 26 heritage lies in small-scale agri-business and this strength has influenced our global strategy. From around 1993 we were pioneering a reciprocal approach for value creation – investing in assets, infrastructure, education, training, financing and developing business skills in the agricultural communities where we operate.
This approach has helped to put us on the radar of other organisations, including customers, governments, NGOs and Development Finance Institutions as they too want to stimulate local production and economies. By joining together in partnerships, we can scale up the impact. Each partner brings something to the table – financial resources, specific skill-sets, people on the ground, while at the same time we learn from each other. At the end of 2015 we had 50 active partnerships with more being developed.
Olam Cocoa alone works with The Blommer Chocolate Co., Costco, The Hershey Company, Mars Inc., Mondelëz International, Nestlé, World Bank (PPPA). Certification partners include Fairtrade, Organic, Rainforest Alliance, and UTZ Certified. See the Commodities Overview for more partners by product.
However, it will come as no surprise that getting resources to implement programmes that require important funding is not always easily available either to Olam internally, or to our partners. Therefore programmes must be prioritised and all resources maximised. Measurement of impact becomes ever more crucial which is why the Olam Farmer Information System (OFIS) is proving to be so beneficial, as it allows such precise comparison between programmes.
Next section: Commodities Overview