MALMO, SWEDEN — Adding scale to a business is hard. It takes planning and timely execution. The Oatly Group’s fiscal third quarter is an example of what can happen when growing a business doesn’t go as planned.
The list of problems the company faced during the quarter ended Sept. 30 were many. In the US, for example, processing issues at the company’s Odgen, Utah, plant led to Oatly missing its production goals.
“This was further exacerbated due to COVID-19-related supply chain disruptions, which led to a delay in our team’s ability to receive the required equipment to fix the issue in a timely manner,” said Toni Petersson, chief executive officer, during a Nov. 15 conference call with securities analysts.
In Asia, the spread of the Delta variant of COVID-19 led to a closure of foodservice locations. Approximately 75% of Oatly’s third-quarter revenues in Asia were generated from the foodservice channel. And, finally, a…