Nestlé: Good food, Good life | Check Company Overview & News
Nestle is a Swiss multinational food and beverage firm headquartered in Vevey, Vaud, Switzerland. Since 2014, Its moto Good food, Good life.
Nestle
Good Food, Good Life
Nestle is a Swiss multinational food and beverage firm headquartered in Vevey, Vaud, Switzerland. Since 2014, it has become the world’s largest publicly traded food company. Nestlé makes baby food, medical food, water, coffee and tea, dairy goods, ice cream, frozen food, pet meals, and snacks. Nestlé’s brands with yearly sales of more than 1 billion CHF include Nespresso, Nesquik, Nescafé, Kit Kat, Stouffer’s, Vittel, and Maggi. Nestlé operates in 189 countries and employs around 339,000 people. It is a significant shareholder in L’Oreal, the world’s largest cosmetics corporation.
History
The Anglo-Swiss Condensed Milk Company was founded in 1866, and the company’s history begins there. In 1867, Henri Nestlé created a revolutionary infant food, and in 1905, the company he founded merged with Anglo-Swiss to form the Nestlé Group.
During this time, cities expanded, boosting international trade, while railways and steamships lowered commodity costs in consumer products. They unleash the power of food to improve the quality of life for everyone, now and in the future.
Quality & Safety
Their first goal is the quality and safety of our products. Just a few actions are taken to ensure the safety of your Nestlé products. The approach to food safety begins with farmers and suppliers and extends across the supply chain. Stringent procurement and auditing procedures are employed to ensure that safe, high-quality raw materials are selected.
All of the manufacturing facilities, no matter where they are in the world, are designed to ensure that the products are prepared to the greatest quality and safety requirements. Their recipes and processing methods are scientifically designed to offer safe and nutritionally appropriate goods every time.
A product batch must pass a ‘positive release’ test before it leaves one of its factories to ensure it is safe to ingest.
The global pandemic has had and will continue to have a devastating global impact. That is why they were committed to using the size and scope, as well as the compassion and dedication to social responsibility, to support and assist communities worldwide.
They were working round the clock to guarantee the nutritional needs of families and pets during this challenging period. On the other hand, they are mobilizing significant local relief efforts in the communities in which they work.
They believe in the power of food to improve one’s quality of life. This conviction drives me to leverage the global scale, resources, and expertise to help people and the world live better lives.
The Giant Food Corporation
Nestlé is the world’s largest food corporation, with a market value of around 231 billion Swiss francs, or more than US$247 billion, as of May 2015. Nestlé is a constituent of the Swiss Market Index and has a primary listing on the SIX Swiss Exchange. It is listed on Euronext as a secondary market.
They produced substantial organic growth and a considerable increase in underlying profits per share in the first half of the year. Volume and product mix remained stable because of their strong brands, differentiated offerings, and market leadership. Organic growth reached 8.1%, with a RIG of 1.7% and the price at 6.5%.
With improved pricing and resilient RIG, growth was broad-based across most geographies and categories. Total sales climbed 9.2% yearly to CHF 45.6 billion. Net acquisitions had a 1.0% positive impact. Sales increased by 0.1% due to currency fluctuations.