Olam focusing on digitalisation, posts Q4 profit of S$265m

Singapore

OLAM International is going big on digitalisation, incorporating the use of sensors in its almond plantations that has helped the company to improve water usage efficiencies by about 20 per cent.

The agri-business is also incorporating sustainability as a core part of its business, co-founder & group CEO Sunny Verghese said on Tuesday at the group's fourth-quarter results briefing.

He told The Business Times on the sidelines of the briefing: "Water is extremely precious in California and Australia where we grow these almonds, and very expensive. If we can improve water usage effic…