OSI Group is one of the biggest food production companies in the world. From its humble beginnings as Otto & Sons, OSI has grown into a multinational corporation with twenty thousand employees working at over 60 facilities in 17 countries. In 2016, Forbes ranked OSI the 58th largest private company in the world with a net worth of 6.1 billion.
OSI Brokers A Deal With McDonald’s
OSI Groups first big break came in the mid-1950’s when Otto & Sons brokered a deal with McDonald’s to become a regional supplier to their growing network of chain restaurants, opening primarily throughout the Midwest until 1960. By the late 1960’s, Otto & Sons experienced significant growth primarily due to the new technological breakthroughs experienced in cryogenic freezing using liquid nitrogen. Until the 1970’s, OSI, formally known as Otto & Sons, was one of over a hundred meat suppliers feeding the McDonalds supply chain. By 1973, Otto & Sons became one of the only four food suppliers to McDonald’s.
Read more: A Century of Innovation at OSI Group
Diversification Of OSI Group’s Domestic Market
By 1994, OSI Group; the company was formally known as Otto & Sons, had expanded their market into other areas besides meat and poultry. In 1994 a deal was brokered between OSI and Nation Pizza and Foods which expanded OSI’s product selection to include bacon, sausage, and franks. The poultry processing business, Moy Park, was acquired by OSI in 1996. This acquisition would mark a series throughout Europe which provided OSI Industries portfolio with a significant degree of diversity. With the opening of their new factory in Geneva, Illinois in 2012, OSI Industries expanded their product line to also include frozen entrée items.
The Future Of OSI Group
Moving forward, the current COO of OSI Industries David McDonald will continue to incorporate a strong element of sustainability and research into OSI’s corporate philosophy. Quickly adapting to governmental changes within the food supply industry means OSI will have a competitive edge over their competition. With regional supply chains all over the world, OSI Industries are forced to adapt to the environmental changes enacted by the countries in which they operate.
Read more on osigroup.jobs.net
Up until today, the OSI Industries has continued to dominate in the field of food production. Its able leaders, David McDonald, and Sheldon Lavin have worked tirelessly to ensure the company meets its core goal, providing sustainability in the industry. David, who is the president and chief operating officer, and Sheldon, the chairman and CEO have seen the OSI Industries grow from a small butcher shop to a food conglomerate.
With the two at the helm, OSI Industries has surprised the world and gained the attention of Forbes. The company made it on the Forbes most substantial private company list at the 58th place in 2016. Besides being on the list, we cannot ignore the fact that OSI Industries has created employment opportunities worldwide with more than 20000 staff members. The company has established a presence in 17 countries as well.
To stay true to their commitment to sustainability, the company has invested in new technology aimed to improve their operations and efforts. Sheldon Lavin has therefore made it his mission to see this through. He has established two research and development centers for consumer-friendly and better supply chain products.
Understanding the risks involved and putting the right strategies geared toward improving OSI’s technology Sheldon has not only increased the company’s profits but also enhanced diversification. Additionally, OSI has been able to expand, and the most outstanding activity is the acquisition of Baho food in 2016 to serve their expansion efforts in Europe. Today, the company is known as Creative Foods Europe working for the same goal.
OSI’s efforts have not gone unrewarded. The company is the recipient of various awards over the years including California Green Business Award, Global Visionary Award, and Globe of Honour. Recently, NAMI (North American Meat Institute) has recognized two of OSI’s facilities for implementing the environmental management systems. The Tier I and II Environmental Recognition Awards show the dedication Sheldon and David have for a better environment in spite of their business.
OSI has done more than just providing a sustainable supply of food production. The lengths the executives are willing to go for the company will continue to manifest through awards and new facilities. Upholding business virtues has so far led the company to become a global sensation in the retail and foodservice industry. Their supply chain is one to admire and has been trusted to deliver quality products.
A bright future lies ahead for this company for both its executives and employees. OSI Industries is the company to watch as they achieve their agendas.