Oatly Announces Further Progress on its Asset-Light Supply Chain Strategy [Yahoo! Finance]
Oatly Group AB - American Depositary Shares (OTLY)
Company Research
Source: Yahoo! Finance
the “Company”), the world's original and largest oat drink company, today announced the closure of its Singapore facility in the Europe & International segment. This action aligns with the Company's asset-light supply chain strategy and is expected to improve the Company's future cost structure and reduce future capital expenditure needs. Jean-Christophe Flatin, Oatly's CEO, commented: “Over the past two years, our supply chain teams have done a good job at improving utilization, efficiency, and reliability while also finding solutions to enable us to gradually expand capacity when needed to support our growing business. These actions have led to strong service rates and improved gross margins. Additionally, our prior decision to separate our Greater China business from the rest of the Asian business has enabled us to increase our local focus and competitiveness, which has led to significant improvements in the health of our Greater China segment.” He continued, “We expect that th
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