Ann: Trading update and revised FY21 outlook, page-58

Correct, any company trading internationally has had to adjust, rethink and basically fly by the seat of your pants during Covid period. I think what has happened is that Corp Daigoiu and others stocked up like everyone else and then the sales just stopped as the demand went back down and the complete supply chain had too much inventory in it.

A2 has a huge advantage over many other companies in that it has no debt, any company with debt that scaled up to meet demand is now trying to figure out what to do with their excess now that demand has dropped back and customers use their stockpiles.