However, companies entering the bottling industry are placing a threat to other large-scale operators, The Wall Street Journal reports.
Both Dean Foods and Borden Dairy, two of the country’s largest producers were sold this year after filing for bankruptcy.
Additionally, dairy alternatives, water, and juice have decreased the demand for cow’s milk.
In the past forty years, annual per capita milk consumption has dropped by 40 percent.
ORIGHT aims to modernise the dairy industry through technology and financial inclusion. The funds will be used to scale its platform, expand product offerings, and empower farmers, processors, and distributors.
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