How OSI Industries Sustains Global Technology Changes
OSI Industries is one of world’s most significant food manufacturing and processing companies. The company has more than twenty thousand employees in over sixty-five plants spread across seventeen countries worldwide.
In 2016, the company had a net worth of $ 6.1 billion and at position 58 from the Forbes list of the largest privately owned companies. OSI Industries ability to adapt and sustain new technological innovation resulted in its spectacular growth. The company underwent a technology transition since its innovation as Otto & Sons in 1909. In the 1950’s, the company started its journey to success. At that time, it became a significant beef supplier to the McDonald’s restaurants. The introduction of liquid cryogenic freezing technology was a breakthrough in the company’s transportation, production, and storage system.
In a move aimed at raising fund to purchase the freezing system, Otto & Sons Company collaborated with Sheldon Lavin in 1975 and rebranded to OSI Industries. Sheldon Lavin is the Chairman and the Chief Executive Officer of OSI Industries, and through his leadership, the company went through intense research and development efforts. The risk to get involved in new technology and the creation of sustainability measures in the company’s operations are some of the factors leading to the success of the group in the competitive food industry. The company opened culinary centers in China and the United States of America to comply with the dynamic change in technology. It also opened a research and development center in Chicago.
These facilities specialize in researching the new ways of bringing down the environmental impacts brought by the company’s operations. The facilities research on methods of coming up with environmental and customer friendly production units and efficient supply system. The research is channeled to all the company’s facilities to enhance best operational practices. In 2017, the company launched the central leadership position of Chief Sustainability Officer. Nicole Johnson-Hoffman took over the job, and his mandate is to develop, guide, and oversee global sustainability strategies in all the company’s operations. Hoffman was the company’s senior vice president of GRSB, Global Roundtable for Sustainable Beef before taking over the new position.
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