Tag Archives: Oat

Oatly CEO Toni Petersson said there is light at the end of the tunnel with respect to the oat milk shortage that has existed during the pandemic due to significantly more at-home consumption of packaged foods.  “No,” Petersson responded when asked by Yahoo Finance if the shortage would continue into 2022. “It’s going to improve. It has improved since March. It’s going to continue to increase [product availability] every single month here.” To help improve demand, Oatly said it will increase… Source link

You may want to prepare to drink your $6 Starbucks iced coffee black, or heaven forbid, with regular milk from a cow’s udders.  Starbucks confirmed Thursday it’s seeing shortages in some products — such as popular oat milk from supplier Oatly —as consumers flood the coffee chain’s stores as they exit pandemic-related quarantine.  “I can confirm that we are experiencing temporary supply shortages of some of our products. Specific items will vary by market and store, and some stores will… Source link

The king of oat milk Oatly (OTLY) has big plans on how it will spend the $1.43 billion or so it raised from a well-received IPO on Thursday.  Investors should expect an ambitious plan to expand manufacturing capacity to meet strong demand for Oatly oat milk, long-time CEO Toni Petersson said on Yahoo Finance Live.  “It’s to build supply, to build out our production capacity across the three continents,” Petersson said, referring to the use of its new capital infusion. Petersson — who has… Source link

(Bloomberg) — It began with a group of scientists and a wild idea: That the byproduct remaining after making oat bran could be turned into non-dairy milk. That idea became the foundation of Oatly Group AB, the Swedish oat milk company that debuted Thursday in New York after raising $1.4 billion in an initial public offering. The share sale cements the fortunes of one of the scientists, Rickard Oste, and his brother Bjorn Oste, who co-founded the Malmo-based company. The American depositary… Source link