Nestle looking to double direct suppliers

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.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs