Monthly Archives: July 2018

OSI Food Solutions expands domestic market

OSI Food Solutions is the biggest food company in the world. It is also ranked by the Forbes among the top one hundred private businesses in the United States. The food company has a long history. It has been in the food business for the past one hundred years. For this period, a lot of things have taken place. The company have been under different management but who have all worked for the company with great dedication and that is how it has been managed to survive for that long. Currently, OSI Food Solutions is led by CEO Sheldon Lavin. All the things that has been happening in the industry have been as a result of the great work that this man has done. Since 1975, he has been in leadership helping the company move its operations to as many places as possible.

OSI Food Solution has in recent years been involved in major transformational work. The company has been expensing its production capacity as well as venturing into new markets. The expansion has been both locally an internationally. With headquarters in Aurora, Illinois, OSI Food Solutions has been looking for ways of meeting the demand that is coming from the consumers. The fact that they make the most liked food on the market has been one of the reasons they have been witnessing a high demand for products.

In the local market, OSI Food Solutions have made an impact by buying a plant that was formerly owned by Tyson Foods. The plant is one of those which have a high potential of helping the company meet the demand that is coming from North America. With a floor space of 200,000 square feet, it will go a long way in helping OSI Foods meet the demand that is coming. According to statistics, the demand for processed food is going up in all parts of the globe and therefore, the company is taking precautionary steps.

OSI Food Solutions has been expanding also in the international market. However, the growth of the domestic markets is a significant as the international one. OSI Foods is ranked among the Top 100 private companies in the United States by the Forbes.

OSI Food Solutions info: www.kimeta.de/stellenangebote-osi

GreenSky Credit: The Technological Middleman for Home Improvement Loans

Lauren Gensler’s recent article, “Handyman’s Helper: How GreenSky’s David Zalik Skipped High School on his Way to Becoming a Billionaire”, was published in Forbes. The article discusses the recent meteoric rise of the fintech lending company.

The financial technology company, GreenSky Credit, is a technological middleman between the banks and merchants to make loans to clients who need loans for home improvement, healthcare, or even solar.

GreenSky Credit has partnered with a variety of secured banks like SunTrust Banks and Regions Financial Corps. The financing is provided through institutions that are federally and state-chartered and federally insured. They have more than fourteen different partner banks since 2016.

The loans are made online or through the company’s app to a variety of customers. They have a network of nearly 12,000 merchants and retailers like The Home Depot, Inc. and individual contractors. They add the merchants who sell home improvement products like roofing, window replacement, furniture and aluminum siding. They are even expanding their network base to include medical procedures. They also have more than 1.7 million customers who have been satisfied with their services. Through their technology, they have loaned more than 12 billion dollars.

The intelligence of co-founder and CEO, David Zalik, reveal that the magic in the company takes place behind the scenes. Because the company has bank partners, they aren’t responsible for defaults on the loans. However, they are able to make a profit on both sides of the trade. Not only do the contractors pay GreenSky Credit an average of 6% of the loan amount, but the banks also pay a fee to use their services as well. The bank partners will pay nearly 1% of the balance each year.

In the same way that Airbnb has become the middleman of travel, GreenSky Credit has become the technological middleman of home improvement lending. Yet, they are beginning to expand into lending for medical treatments like plastic surgery or even braces.

The company is based in Atlanta, Georgia and has been valued at $3.6 billion. GreenSky Credit has raised more than $50 million in funding, placing the CEO and co-founder Zalik well within billionaire status.

https://www.cnbc.com/2017/05/25/how-greensky-billionaire-david-zalik-built-a-tech-empire-from-age-14.html