In its latest financial reports, OSI Food Solutions, one of the biggest global food suppliers, indicated that it had recorded its highest revenues ever. This achievement is no small achievement for a company that has been in businesses for more than 100 years. Recently, this global food supplier announced that it currently was operating in 17 countries worldwide with over 65 facilities and 20,000 employees. This is a huge growth for company compared to where it was some few years ago. The growth has even given OSI a spot among United States’ largest privately held companies.
The current success of OSI Food Solutions can be attributed to its aggressive expansion plan in recent years. In just a few years, the company has moved from just another company in the U.S. value-added food supply sector to the top-firm not only in the country but also in Europe. At this time, the food supplier had very little presence outside the United States, but today, apart from dominating Europe the company is also a major player in China, India, and Australia. The China, India, and Australia make up for close to a quarter of the world’s population. Adding this massive market to its current North American and European markets and OSI Food Solutions seems unstoppable. The first step in this company’s plan to extend its success and break new revenue records is dominating the Chinese, India and Australian markets and the rest of the world will be a piece of cake.
Leveraging acquisitions and joint ventures
It is expected that this global food supplier would be leveraging acquisitions and joint ventures in its plan to extend its success. Farms, warehouses, and processing plants are the main target of the company in its strategy to further its success. OSI Food Solutions has used this tactic before to take over bot the North American and European markets, and it brought about the desired results. With the financial muscles that this company currently has, this acquisition and joint ventures expansion bid are expected to be even more aggressive. All eyes are now trained on the company’s moves towards more success.
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