People will keep eating Oreos despite Ozempic surge, according to CEO of maker Mondelez

Date:



Even with appetite-suppressing drugs, people will keep eating Oreo cookies, according to the company that makes them.

Mondelez International Inc., which also makes Sour Patch Kids candy and Ritz crackers, is monitoring the impact of Ozempic and other GLP-1 drugs “quite carefully,” Chief Executive Officer Dirk van de Put said in an interview with Bloomberg TV.

Models that incorporate changes in behavior from the drugs and expected adoption rates predict only a modest impact on its sales, he added. “Those models predict that in 10 years’ time, it will have an effect between 0.5% and 1% of our volume,” he said, calling it a “margin of error.”

Subscribe to the CEO Daily newsletter to get the CEO perspective on the biggest headlines in business. Sign up for free.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Most meteorites come from just three sources

A pair of papers published today in Nature...

Tsuchinshan-ATLAS’ anti-tail | Astronomy Magazine

Tsuchinshan-ATLAS’ anti-tail | Astronomy Magazine ...

The Sun has reached solar maximum, NASA and NOAA scientists say

Back to Article List Aurora watchers and sun gazers,...

Polaris Dawn crew talks mission highlights, next steps

Polaris Dawn crewmembers (from left) Anna Menon, Sarah...