Building a successful business has not been easy for the owner of JD.com, Richard Liu Qiangdong. He has undergone challenges that forced him to adopt a model of business that would assure him of his business continuity. This is because he once ran a brick and mortar business before he turned to electronic commerce. Richard Liu got his sociology degree from the Renmin University of China previously known as the People’s University of China. He also is an EMBA holder.
Unlike his peers who were interested in pursuing careers in the government offices, Richard Liu Qiangdong has always wanted to become an entrepreneur. He even went to the extent of starting a restaurant instead of concentrating wholly of his studies in the University. It was not surprising that the business failed because he could not manage the business effectively while still in school. The venture proved to be an important lesson for Richard Liu.
He was briefly employed after completing his college studies but in 1998, circumstances forced him to start his own retail business. His grandmother was ailing and he needed additional income to afford her medicine. He named the small computer accessories shop Jingdong. Richard Liu is a person of high moral principles that have also reflected in all his business engagements. He insisted on selling original parts and charging customers reasonable prices for them. By 2003, Jingdong was a chain of 12 shops.
Traditional model businesses were hugely affected by the SARS outbreak of 2003 including Richard Liu Qiangdong’s business. It is at this time that he decided to transform the business into an online shop that is accessible to customers at their locations and makes deliveries of the items purchased. This was the best decision that he ever made for the business and that which has currently made him the CEO of one of the most successful businesses in China.
Richard Liu Qiangdong is planning on using the success that the business has achieved in China to win other international markets. Right now they are working on improving the delivery of products to customers abroad. The ultimate focus of the initiative is to establish the business in other countries around the world
Visit his LinkedIn : https://www.bloomberg.com/billionaires/profiles/qiangdong-liu/
OSI Industries is a magnificent meat processor in the whole world. Many people wish to know where the food they take in restaurants and supermarkets originate. Here, we will discuss how processing takes place. The firm began as butchery next door.
Today, the company has over 65 facilities in more than 20 countries across the world. The industry employs above 20,000 workers across its facilities. OSI recorded a net-worth of $6.1 billion as of 2016. For the last over three years, the company maintained a consistent growth under the leadership of David McDonald as president and chief operating officer.
David McDonald makes every effort to conduct effective leadership. After finishing college, David McDonald served as a project manager before becoming the president. McDonald grew together with OSI through acquiring knowledge in operation by supporting a close partnership with other processing companies. During his studies at Iowa State University, McDonald acquired the Wallace E Outstanding Award for commitment and excellence. The individual pursued a bachelor’s degree in animal science. The award recognizes students willing to stand as alumni and have academic excellence. The leader uses the industry’s resources to support the Iowa State Community. McDonald promotes the school’s Agricultural Entrepreneurship programs.
OSI Industries extended its production capacity by increasing the output for quality chicken products early this year. Now, the firm can produce 12,000 more tons each year. The growth is as a result of fast-increasing market demand for the quality chicken product. The development resulted in an increased overall production capacity to 45,000 tons of quality pork, sausage, beef, and chicken products. The company anticipates a continuous increase in the value-added meat products. The core agenda of the firm is to offer affordable, consistent, and customer-oriented products to remain the leading food distributors in the whole world.
OSI Industries added the position of the product development manager to introduce new products to the company’s portfolio and manage the current production. Also, the growth led to an increase in the number of employees by 20 more job positions. The company added to its workspace 22,600 square feet. Here, we have new receiving and shipping area, hot water tanks and nitrogen, waste product containers, and new social area for employees. Early this year, OSI Industries purchased the Tyson Food Plant improving its services in North America. The firm went right ahead to take up the Flagship Europe; the major food distributor in the U.K. Recently, the firm purchased the controlling stake in Baho.
One of the most respected people in the food processing and meat industry is none other than the Chief Executive Officer and the Chairman of OSI Group, LLC, Sheldon Lavin. Other key notable positions held by this successful figure is the presidency of OSI Global Foods Ltd. Sheldon Lavin is also actively involved in other operations of the company that requires his attention and leadership skills.
Sheldon has been working with OSI Group from its initial stages when it was still known as Otto & Sons back then in 1970. It is under his tenuous leadership, experience, and vision that the company grew to become a global name from just a small domestic food company that processes meat and meat products. Through his consistent hard work and dedication, OSI Group has extended its presence from Chicago to over 60 locations in 60 different nations.
Under his leadership, OSI Group has received several awards and recognition. Some of these awards are in line with the conservation and preservation of the environment and sustainability. Lavin has also had his fair share of attention since he started working at the firm. He was recognized by India’s Vision World Academy early 2016 where he was presented with the Global Visionary Award. In his words of wisdom, Sheldon confessed that he would love the next generation of corporate leaders to be dedicated to the success of companies in ways that are responsible. This will play a significant role in growing global economies and creating opportunities for their employees.
Sheldon Lavin’s sustainable vision for OSI Group is close to his heart, and he does not mind sharing it with other people and making it known. He indicated that his company is dedicated and committed to achieving sustainable production of food for the world’s population. This will be achieved through the use of cutting-edge technology in the production process and embracing both the rewards and the challenges faced by the company.
In 1970, Sheldon Lavin was actively involved in his career as a bank executive and investment manager when Otto & Sons Company was seeking some funds to carry out their planned expansion. Sheldon came in handy to help arrange the company’s financing. It was for this huge role he played that the bank suggested he be given an ownership stake at the company. Sheldon Lavin rejected this offer but acted as a consultant for the firm. He took active leadership positions for the firm from 1975 when he was made a partner. A year later, he led the company into changing its name to OSI Industries.
OSI Group has been concentrating on national and international growth during the previous five years. Sheldon Lavin entered the business in the 1970s. Since then he directs and fuels the business to global expansion. The company’s recent acquisitions boost its expansion significantly.
In Toledo Spain, OSI Group recently expanded its capability to process chicken. The organization added a new high capacity production line that enables the production of 24,000 tons of chicken yearly. With this expansion, the business is able to produce a total of 45,000 tons of beef, pork and chicken products.
The company also acquired Tyson Foods plant in Chicago, in 2017. The plant is 200,000 square feet. These give room for the group to increase production in North America. The plant will enable the organization to produce various types of food products. The facility will also aid the group to meet the growing needs of its customers.
In Dec. 2016 OSI Group purchased Flagship Europe to broaden its reach in Europe and United Kingdom. Flagship Europe supplies frozen poultry, dressings, sauces and pies for food service industries. Before its acquisition, Flagship Europe had extended its reach with the purchase of Calder Foods. Calder Foods distributes dips, sandwich fillings, sauces and other foodstuffs. OSI Group procurement of Flagship Europe enables the company to increase its reach and improve its position in the market. The purchase also enables the company to enter new territories in Europe, as they improve their services in their current markets.
Lastly, the company acquired Baho Food. Baho Food produces deli meats and different other food snacks. The organization markets its food business in Germany and the Netherlands. OSI Group purchased the corporation to widen its reach into the Netherlands. Baho Food is present in 18 European countries and supports five of its branches in Germany and the Netherlands.
Furthermore, the procurement positions the company to expand to other regions of Europe since Baho Food supplies to other businesses in several countries. The purchase of Baho strengthens the company’s current product line, enabling it to improve its capability to serve their customers’ changing needs.
OSI Food Solutions has expanded its business operations. In recent years, the company has invested heavily in expansion programs that will enhance the growth of the company. The company has been acquiring some of the best food businesses in Europe to boost its services there. There have also been acquisitions of new facilities in the local market. The local market is also growing, and there has been pressure on the company to do more about this issue.
OS Food Solutions has also invested in expanding some of the existing food plants. In total, the company has 65 production plants all over the world. One plant that has been expanded is the Toledo food plant in Spain. After the expansion, the plant now occupies 22,600 square feet more. The expansion has been phenomenal, and the company is now in a capacity to produce more food products.
Production of food products is expected to increase significantly. Total food production annually will stand at 45,000 tons. The high capacity food production line that has been added to this plant will lead to doubling of chicken products. From 12,000 tons, the company will now be producing 24,000 tons. The increase will meet the high demand for chicken products that have been coming from this region.
The expansion of the OSI Food Solutions Toledo plant came from the increase in demand for chicken products. Consumer data from Portugal and Spain show that more people are now consuming chicken products. Demand in the past one decade has moved from 6-8 percent. Such a significant increase is indicative of further growth in the future. The company took this measure as one of the ways of ensuring that there is preparedness in case the demand keeps on going up.
After the expansion of the food plant. OSI Food Solutions will be taking the growth of the business further up and ensuring that the company remains the top producer of food products in the world.
OSI Food Solutions operates in 17 countries and has built 65 plants to facilitate the business of food production. The company is being led by Sheldon Lavin as the CEO and David McDonald as the COO. The two executives have been the main driving force behind the expansion of business in this company. It is their vision to see the company grow further and utilize production methods that protect the environment. In recent years, the company has adopted sustainability as a way of business expansion.