Category Archives: Leadership

An Acumen with One of China’s Industry’s Captain Richard Liu Qiangdong

Richard Liu talks about how he was able to amass so much wealth at an early age and his daily billionaire routine during the recent World Economic Forum. Richard Liu is the founder and CEO of JD.com, the largest retailer in China. Having graduated with a sociology degree from Renmin University of China in 1996, he dedicated most of his time in doing freelance work. Richard Liu got hired and later quitted to start businesses such as a restaurant and selling health products which terribly failed. He later started selling computer parts in Beijing in his own retail. After doing research switched the operation to online business after which the rest is history.

JD.com uses different strategies to beat competition from other rivals in China. This include:

• The company only deals with genuine products. No counterfeits are considered.
• They company offers fast delivery within China. It only takes a maximum of six hours for them to deliver in accessible China and a maximum of twenty hours for them to deliver in Rural China.
• Customer equality is highly valued.

Richard Liu says his expansion goals are to provide best quality products to China from around the world. He also wants to expand JD.com globally but systematically through South East Asia, Middle East, Europe then eventually America by making agreements with local partners. All the four types of products like E-commerce, Logistics and Technology product will move as a pack in this expansion plan.

According to Richard Liu, China has been experiencing a very high economic growth of over 8%. However, this is anticipated to drop this coming year as the quality of commodities improve. This will increase in the profitability of products and also help the global community to grow.

Richard Liu considers his wealth as a source of responsibility rather than happiness. Having a net worth valued around sixty billion dollars hasn’t changed his daily routine. Richard maintains getting up early, having a meeting from 7:00am to around 8:30am with senior managers then checking updates on WeChat and email later on.JD.com has over one hundred and sixty-seven thousand employees to date.

Richard Liu either hasn’t neglected his social life. He is a husband and a father of two. Richard Liu hobbies are swimming and travelling in deserts. That’s new, right? Yeah. He in fact says he has travelled to every desert in China. He also has a philanthropic spirit which is shown by 50% of his cash income going to charity.

In conclusion, Richard Liu wants to be a source of motivation to young entrepreneurs in China. He also wants to empower them.

Learn More: www.ftvcapital.com/team-member/richard-liu/

OSI Group Is A Leading Food Processing Company For Meat Products

When people go to McDonald’s or other popular food chains, they hardly think of where the beef inside their burgers actually came from. They may know it came from an animal like a cow, but in fact, there is a long process for beef to go through before it can make it to the burger at McDonald’s. OSI Group is one of the world’s leading food manufacturers and suppliers that has been in business with McDonald’s for over fifty years. So anyone who has eaten a McDonald’s burger has probably had a patty that was handled by OSI as some point through the distribution process. OSI Group’s food processing facilities all over the world today that bring food products to millions of people.

OSI started out as a small and little-known meat shop, but now they maintain nearly 70 food processing plants around the world while employing more than twenty thousand people. OSI was growing at a decent pace for several decades once Otto Kolschowsky brought in his sons, but they saw massive expansion once they made friends with McDonald’s. Ray Kroc, the founder of McDonald’s, opened up his fast-food restaurant chain in 1955. Before this, Ray an Otto had already struck a deal together agreeing that OSI Group would be McDonald’s beef supplier for their franchise. McDonald’s popularity grew faster than anyone had expected, which allowed both companies to grow impressively fast together and both of them needed each other.

As McDonald’s continued to grow and opened new locations outside of the United States, OSI Group needed a way to keep up with their scale and provide beef in much more distant locations. Luckily, OSI Group took on a new method for freezing meat products which allowed them to store their meats for long distance trips. By the 1970s, OSI Group started looking towards global expansion after expanding their operations in the United States. After OSI opened up new facilities throughout Europe in countries such as Spain and Germany, they became an international food processing corporation.

To know more click: here.

David McDonald Improving Both Growth and Sustainability

David McDonald Improving Both Growth and Sustainability

David McDonald, referred to as Dave currently serves as the President and Chief Operation Officer at the OSI Group, LLC. The OSI group was founded in 1909 in Chicago, the United States to serve both the retail and the food service industry. The American holding company of meat processors is headquartered in Aurora, Illinois. Since December 2008 when MafrigFrigorificos e Comercio de Alimentos acquired the OSI group’s operations in Brazil and Europe, David has been engaged as an independent Director at Mafrig Global Foods S.A. David currently also serves as a member of the OSI group Board of Directors and the Director of OSI International Foods located in Australia. Born and raised in the north of Iowa Mr. McDonald graduated from the Iowa State University with a degree in Animal Science.Before reaching the top Mr. McDonald started as a Project Manager at OSI Group before working hard to rise to the top of the corporation. He also served as the Chairman of the North American Meat Institute.

Mr. McDonald fully supported the acquisition of Baho Food, a Dutch company that specializes in processing deli meat and other food products. Baho food has subsidiary companies that operate in the Netherlands and Germany. Mr. McDonald considered the acquisition the perfect gateway for the operations of the OSI group in Europe. David’s reasoning was that Baho’s products and its current portfolio complimented processing ability of OSI group. David has led the company through a growth process that saw them increase their facilities for poultry production in China to ten in an area they have operating in for the past ten years. The group now offer their services to Subway, Starbucks, and Burger King to learn more: https://medium.com/@David_McDonald click here.

As President, with growth, Mr. McDonald has also considered the sustainability of the OSI Group. He has built a logistic team comprising of people with the necessary expertise and experience that is needed to compete in the global market. In his view, logistics and local management working together ensure that the organization operations flow smoothly. The offices and facilities acquired by the OSI Group under Mr. McDonald are essential in order to run the organizations numerous operations in America and overseas.