OI Group is currently considered one of the most successful food manufacturing and distribution companies in the world. It has also featured on the Forbes list of the top 100 largest private companies in the United States consistently. More importantly, it has already established operations in over 17 countries across the world where the Sheldon Led Company has established or acquitted over 60 food processing facilities. The fact it grosses over $6 billion in revenue is a manifestation of the success it has so far achieved.However, behind this success is a story of endurance, long nights and endless days by the company’s top management. It has all come across numerous challenges, some that threatened its sustainability, but still overcome them all due to the able an expert leadership of Sheldon Lavin, the company CEO, David McDonald, its current president and COO. Some challenges include:
There was a time when inadequate capital and threatened to drive about OSI Group to the ground. A combination of factors both at the management and operational level saw the company and time contributed to a massive financial crisis. At the time, the food manufacturer was known as Otto & Sons Company. They would soon hire the services of Sheldon Lavin an experienced finance and investment expert to help them with the financial restructuring.Sheldon helped reorganize their finances, their management and vision to help address these problems. He would even use his connection in the investment world to pool the necessary capital necessary to initiate such urgent operations in the company upgrade its factory systems. A partnership struck at this point and it led to the birth of OSI Group.
Inability to meet market demand
Continued use of redundant technologies didn’t just increase the cost of production, it also ensured that OSI Group was unable to meet customer demands. The company started losing crucial clients to its competitors. At one time its biggest and most loyal client, the McDonald Food chain, had to cancel an order with the global meat company and go for competitor products due to their inability to meet their demand.Sheldon, however, sought to address this by initiating the factory processes upgrade upon talking over OSI Group leadership. He stated by embracing modern technologies available in the market at the time. He has, however, set up a culinary center that seeks to continuously review the systems and technologies used at OSI Group worldwide. These have the intention of continuously upgrading the technologies to avoid a repetition of this scenario.
Sources of the article : https://www.glassdoor.com/Reviews/OSI-Group-LLC-Reviews-E19677.htm