The Transformation of OSI Industries
OSI Industries has been in operation for many years. It has grown to be one of the most popular food providers around the globe. It has offered over 20,000 job opportunities to people in various parts of the world. The management of the firm has paid a lot of focus on the globalization of the firm. OSI Industries has remained as a market leader due to its adoption of innovative solutions aimed at meeting the changing customer needs. The firm was previously known as Otto & Sons but was later rebranded to the current name in 1975. Otto & Sons started as a small scale shop. After the rebranding, the company changed top leadership to allow more energetic minds into the business. One of new members of the firm was Sheldon Lavin.
After the leadership changes, the company embarked on increasing their production capacities to remain competitive in the industry. OSI Industries opened some outlets in major towns and expanded over the years. The company shifted its focus to entering the international markets. Sheldon Lavin was promoted to head the corporation as the chief executive officer in 1980. He was appointed due to his vast knowledge in the financial sector which was crucial for the business expansion agenda.
In 2016, the company was featured in the Forbes magazine as one of the best performing private companies in the United States. The company has entered into partnerships with other global food providers in its endeavor to expand to all parts of the world. One of the most notable is the partnership with K & K Foods in Taiwan. To create a competitive advantage, OSI industries has continued to introduce new products into the market. The company ventured into poultry processing that served as a good diversification strategy. To make poultry processing successful, it embarked on acquiring some companies such as Amik Farms.
The management of the firm composes of a team with a good knowledge of the market dynamics and they make predictions into the future to avoid or plan for unfavorable economic situations. One of company’s key accomplishments was the successful acquisition of Flagship Europe and Baho Food. Value addition has become a major focus of the corporation to boost their income levels. The management of the firm has also adopted environmentally friendly mechanisms in their operation. The company has also diversified its product portfolio to offer fresh vegetables to their clients.