Nestle looking to double direct suppliers

|About: Nestle S.A. (NSRGF)|By:, SA News Editor

Nestle (NSRGF) is looking to increase its direct commodity purchases to secure the quality of its goods and supply chain. Currently 670k farmers are under company contract.

"We want to double the ratio of commodities we buy directly - so not via traders - in the years ahead, especially for coffee and cocoa," says Chairman Peter Brabeck.

As it faces heavy competition across the globe, Nestle is expanding its international presence. It will soon do more than half of its business with Asia, with China becoming the second most important market to the company after the U.S.