Beyond Meat's CEO is under fire for product execution
By: Clark Schultz, Seeking Alpha
Nov. 17, 2021
· Beyond Meat CEO Ethan Brown is being called an ineffective manager of the day-to-day operations of a publicly-traded company in a Bloomberg article that relied on interview with five former employees. The disappointing launch of BYND's chicken products is tied to significant internal problems around formulation and belated decision-making from the top.
· "The relatively small chicken rollout is just one of a series of instances in which the company has been unable to satiate demand for its products. Insiders and onlookers alike lay substantial blame at the feet of founder and Chief Executive Officer Ethan Brown," reports Deena Shanker.
· Shares of Beyond Meat are down 33.22% YTD, but are still flagged by Seeking Alpha's Quant Ratings for being at risk of underperforming further.
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Beyond Meat Supplier Says Diners Will Still Give Peas a Chance
· France’s Roquette sees ‘unstoppable’ future demand for
· Signs emerge that consumer demand for plant protein is cooling
By Jen Skerritt, Bloomberg
November 17, 2021
A supplier to Beyond Meat Inc. sees more diners giving peas a chance.
Consumer demand for alternative proteins will rise as companies expand faux-meat products and ‘flexitarians’ try more meatless options, said Jeremy Burks, senior vice president of plant proteins for Roquette Freres SA. The company opened the world’s largest pea-processing plant in Manitoba, Canada, on Wednesday, with a capacity to handle 125,000 tons of yellow peas a year.
The move coincides with signs faux-meat demand is on the decline even after major companies expected more consumers will seek meatless options out of concern for the environment and animal welfare. Maple Leaf Foods Inc. is reviewing its strategy of expanding into plant-based foods and Beyond Meat reduced its third-quarter revenue guidance, citing a decline in retail orders..
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