News Bites

    The new rules of global business


    Venkataramani Srivathsan (“Sri”), the regional head of Olam Africa and Middle East, today took part in a panel hosted by The Economist which focused on why businesses that have high social, ethical and environmental standards actually have a competitive advantage. As Sri told the panel, this idea is core to Olam’s business model because acting sustainability is “no longer just a good to do but a must do.” He went on to say that technology is a game changer when it comes to complex supply chains and explained how Olam’s Farmer Information System helps improve traceability while also flagging potential risks such as child labour. He underlined the importance of the agricultural industry coming together with other stakeholders to tackle the big sustainability challenges that Africa in particular has to face.

    Sri was joined on the panel by Jasandra Nyker, CEO of BioTherm Energy, Manish Mundra, CEO Africa and managing director of Indorama Eleme Petrochemicals and Simon Cooper, CEO of corporate and institutional banking at Standard Chartered. The panel was part of The Economist’s CEO Agenda event held in Johannesburg on the 17th of July, 2017.

    Subscribe to Our News Alerts