Re-imagining Olam: New six-year strategy to create value from tomorrow’s consumer landscape
Olam plans to invest US$3.5 billion to enhance its leadership position and capture value from key emerging consumer trends; de-prioritises selected businesses to release US$1.6 billion of cash for reinvestment
Global food and agri-business Olam International (“Olam”) today announced its 2019-2024 strategic plan, that capitalises on key trends shaping the sector. Driven by consumers and advances in technology, these trends include increasing demand for healthier foods, traceable and sustainable sourcing, e-commerce and the rise of “purpose” brands. Olam plans to invest US$3.5 billion (including maintenance capex) to strengthen businesses with high growth potential, while releasing US$1.6 billion by responsibly divesting certain businesses and assets lying outside the strategic priorities over the course of this plan.
Olam has already established global leadership positions in multiple speciality agri-products and food ingredients, with defensible strategies for more mainstream b