logo
TIME100 Most Influential Companies 2025: Orkla Snacks

TIME100 Most Influential Companies 2025: Orkla Snacks

Time​ Magazine9 hours ago

TikTokkers fell hard for Swedish candy in 2024, especially Bubs gummies, which come in three shapes (oval, skulls and diamonds) and have a distinctive foamy texture thanks to a unique manufacturing process. The sudden spike in demand sparked by a few viral influencer hauls from candy store BonBon triggered a global shortage that 'came as a total surprise,' says Ingvill Berg, CEO of Orkla Snacks, the Oslo-based company that owns the Swedish Bubs brand. When retailers in the U.S., U.K., France and Korea reached out to order the colorful candy, 'we just have to say no,' Berg says. But sweet tooth relief is in sight. Orkla is ramping up production in Sweden and has partnered with Texas-based Mount Franklin Foods to help produce and distribute Bubs stateside. Four bagged varieties are slated to go on sale in the U.S. by fall 2025. 'We could sell much, much more, because we are in a situation with uncontrollable demand,' Berg says.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock?
Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock?

Yahoo

time2 hours ago

  • Yahoo

Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock?

Tesla's (TSLA) highly anticipated robotaxi launch in Austin, Texas encountered turbulence as multiple videos surfaced showing the autonomous vehicles violating traffic laws during their first day of commercial operation. Despite initial investor enthusiasm that sent TSLA stock up 10% before paring gains to 8% on Monday, June 23, concerning footage showed Tesla's Model Y robotaxis speeding, making improper turns, and briefly driving into lanes for opposing traffic. Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? Dear Micron Stock Fans, Mark Your Calendars for June 25 Is United Health Stock a Buy, Hold or Sell for July 2025? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. In what is perhaps the most troubling incident, captured by former Tesla podcast host Rob Maurer, showed a robotaxi hesitating at an intersection before swerving into an oncoming traffic lane and crossing double-yellow lines to correct course, prompting honking from at least one other driver. Additional footage documented vehicles exceeding speed limits, including one robotaxi traveling 39 mph in a 35 mph zone. These violations immediately attracted federal scrutiny. For instance, the National Highway Traffic Safety Administration contacted Tesla to gather additional information about the incidents. NHTSA emphasized that while it doesn't pre-approve autonomous technologies, it will 'take any necessary actions to protect road safety' following its assessment. The agency is already investigating the performance of Tesla's Full Self-Driving system in limited visibility conditions and has previously linked the technology to fatal crashes. The timing poses a challenge for Tesla's autonomous driving ambitions. While CEO Elon Musk celebrated the launch as culminating 'a decade of hard work,' the company faces significant competition from Waymo, which has completed over 10 million paid trips and operates 1,500 vehicles across multiple cities. Chinese competitor Baidu's (BIDU) Apollo Go has surpassed 11 million trips, highlighting Tesla's relatively late entry into commercial robotaxi services. Industry experts caution that Tesla's camera-only approach, while scalable, faces technical hurdles in handling complex 'edge cases' that could take years to resolve. The Austin deployment involved fewer than two dozen vehicles operating in a limited geography with safety monitors present, making Musk's promise of 'millions of Teslas operating fully autonomously' by late 2025 appear increasingly ambitious. For investors, these early implementation challenges raise questions about Tesla's robotaxi timeline and technological readiness. While the EV maker's manufacturing scale and software update capabilities provide advantages, the traffic violations and regulatory attention suggest a more cautious approach may be necessary. Tesla continues to face multiple headwinds in 2025, including rising competition, higher interest rates, and sluggish consumer demand. Analysts expect the EV giant to report revenue of $97.5 billion in 2025, compared to $97.7 billion in 2024. Its adjusted earnings per share are also forecast to narrow by 21% year-over-year to $1.90 in 2025. However, Wall Street estimates revenue to soar to $141 billion in 2027 with adjusted earnings per share of $3.71. Out of the 41 analysts tracking TSLA stock, 14 recommend 'Strong Buy,' two recommend 'Moderate Buy,' 15 recommend 'Hold,' and 10 recommend 'Strong Sell.' The average target price for TSLA stock is $292, roughly 10% below its current stock price. The bull case for TSLA stock remains intact, given Tesla's broader leadership in the EV sector. Still, the robotaxi narrative, long considered a key valuation driver, faces near-term headwinds that could temper investor expectations and delay the autonomous driving revenue opportunity that many shareholders have been anticipating. On the date of publication, Aditya Raghunath did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio

Gujarat-based Rayzon Solar files DRHP for Rs 1,500 crore IPO; plans fresh issue with employee reservation
Gujarat-based Rayzon Solar files DRHP for Rs 1,500 crore IPO; plans fresh issue with employee reservation

Business Upturn

time2 hours ago

  • Business Upturn

Gujarat-based Rayzon Solar files DRHP for Rs 1,500 crore IPO; plans fresh issue with employee reservation

By Aditya Bhagchandani Published on June 27, 2025, 11:39 IST Gujarat-based Rayzon Solar Limited, ranked among India's top 10 solar photovoltaic module manufacturers, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) worth Rs 1,500 crore. As per the DRHP, the IPO will be entirely a fresh issue of equity shares with a face value of Rs 2 each, with no offer for sale component. The offer will also include a reservation for eligible employees under the employee reservation portion, with shares available at a discounted price for them. Rayzon Solar currently has an installed manufacturing capacity of 6.00 GW as of March 31, 2025, placing it among the leading domestic players in the solar module segment. The company's IPO proceeds are expected to support its future expansion and business development plans, subject to SEBI approval and market conditions. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments and IPO applications are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

Kinaxis and Ottawa Senators Renew Partnership, Uniting National Capital Region
Kinaxis and Ottawa Senators Renew Partnership, Uniting National Capital Region

Business Upturn

time2 hours ago

  • Business Upturn

Kinaxis and Ottawa Senators Renew Partnership, Uniting National Capital Region

Ottawa, Ontario, Canada: Kinaxis® (TSX:KXS), a global leader in end-to-end supply chain orchestration, is proud to announce a renewed three-year partnership with the Ottawa Senators and their AHL affiliate, the Belleville Senators. This collaboration is designed to amplify Kinaxis' brand visibility, deepen community roots, and create unforgettable experiences for customers, prospects, and employees. As two proud Ottawa-based organizations, Kinaxis and the Senators will come together again to celebrate local talent, foster youth development, and drive meaningful community engagement. The partnership will also spotlight the Kinaxis brand across high-visibility platforms—including center ice at Canadian Tire Centre, LED rings, and digital dashboards during home and away games—ensuring a powerful presence throughout the NHL season. 'At Kinaxis, we believe in the power of community and the importance of showing up where it matters most,' said Megan Paterson, chief operating officer at Kinaxis. 'This partnership is more than just branding – it's about connecting with people, supporting local causes, and creating a culture of pride and purpose for our employees, our customers, and the broader Ottawa community.' As part of its commitment to community impact, Kinaxis will support two of the Senators' most meaningful philanthropic initiatives: Together We Ignite Hope Telethon – A region-wide fundraising campaign that supports youth-focused charities and grassroots programs across the National Capital Region. Funds raised go toward mental health services, education access, food security, and recreational opportunities for underserved youth. Ottawa Senators Gala – The team's premier annual fundraising event, bringing together business and community leaders to raise funds for youth empowerment through sport, education, and wellness. Kinaxis' involvement helps expand the reach and impact of these programs, ensuring more young people have access to the tools and support they need to thrive. These initiatives align with Kinaxis' broader social impact strategy, which includes long-standing partnerships with organizations such as Interval House of Ottawa (supporting women and children fleeing violence), Quickstart Early Intervention for Autism, and The Ellen MacArthur Foundation (advancing circular economy education). Kinaxis also invests in the next generation of talent through its award-winning co-op program and has been recognized as one of Canada's Top 100 Employers and a Top Employer for Young People. The renewed partnership also brings employees, customers, and prospects closer to the action, with exclusive access to Senators games, community skate events at Canadian Tire Centre, and behind-the-scenes experiences that foster lasting connections within the community. 'This collaboration is a celebration of shared values—excellence, innovation, and community,' said Cyril Leeder, president and CEO of the Ottawa Senators. 'Fresh off a playoff run that ignited our fans and our community, we're excited to have Kinaxis – a leader in Ottawa's tech community – in our Senators family to further the momentum from last season and look forward to continuing to build something truly special together.' As Kinaxis continues to grow its global footprint, this partnership reinforces its identity as a purpose-driven brand rooted in community, innovation, and Canadian pride. For more information about Kinaxis visit About Kinaxis Kinaxis is a global leader in modern supply chain orchestration, powering complex global supply chains and supporting the people who manage them, in service of humanity. Our powerful, AI-infused supply chain orchestration platform, Maestro™, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain — from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today's volatility and disruption. For more news and information, please visit or follow us on LinkedIn. About the Ottawa Senators: One of seven NHL franchises based in Canada, the Ottawa Senators returned to the league in 1992 following a 58-year absence. Ottawa won 11 Stanley Cups during its original reign from 1903 to 1934. The modern-day Senators have captured four division titles, a Presidents' Trophy in 2002-03 and reached the Stanley Cup Final in 2007. Since 1992, the Senators together with its charitable foundation, alumni, partners and fans have contributed more than $100 million to community initiatives in the Ottawa-Gatineau Region. The team was purchased by Michael Andlauer in September of 2023, ushering in a new era and vision for the franchise. Visit the Senators website: Engage with the Senators on Twitter: @Senators Like the Senators on Facebook: Follow the Senators on Instagram: senators

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store