Olam Food Ingredients well-placed to cushion tariff impact on food prices, says CSO

[NEW YORK] The food ingredients arm of agribusiness giant Olam is well-positioned to mitigate the impact of rising food prices caused by US tariffs on end-consumers, said its chief sustainability officer Roel van Poppel.

“We believe that our global sourcing footprint and combination of multiple origins and destination production facilities help us at least to mitigate that potential disruption,” he told The Business Times in an interview, on the sidelines of Climate Week in New York City.

He noted that as the Olam Food Ingredients (ofi) value chain spans more than 60 countries, it can find alternatives for the food manufacturers that it supplies, reconfiguring supply chains to involve source countries that face lower tariff rates.