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new countries or regions where these products are grown (e.g.,
Nigeria, Indonesia, China, Australia, USA), and new value
chain steps or processes to alter their character (e.g., roasting,
blanching, sorting, or crushing).
CEO Sunny Verghese described the evolution of Olam’s
strategy:
After our first product experience with cashews in
Nigeria, we began to build operational capabilities for
supply chain and risk management that we could rep-
licate and scale across different geographies and then
across different commodities. We are the only supply
chain company that cross-sources multiple agricultural
commodities ...