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

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.”