Oatly Announces Closure of Singapore Facility to Further Streamline Operations
Oatly Group AB (Nasdaq: OTLY), a global leader in oat-based drinks, confirmed the closure of its manufacturing facility in Singapore as part of an ongoing initiative to refine its supply chain. The decision aligns with the company’s asset-light strategy, which aims to optimize operational efficiency, reduce capital expenditure, and streamline production processes. The Singapore facility, which operated under Oatly’s Europe & International segment, will be shut down as part of a broader effort to consolidate the company’s supply chain network in Asia. Following the closure, Oatly will rely on its existing European facilities to support the growing demand within the Asia-Pacific market. The company anticipates that this move will enhance capacity utilization at its European production sites. Oatly’s CEO, Jean-Christophe Flatin, highlighted the ongoing improvements …