Blog: Nestle confirms emerging market targets
Katy Askew | 6 November 2012
Swiss food group Nestle has confirmed that it hopes to generate around half of its sales in emerging markets by 2020.
Nandu Nandkishore, Nestlé Zone Director for Asia, Oceania, Africa and Middle East commented: "Globally emerging markets I believe contribute about 40% of Nestle's business at this point of time... and [the] expectation is that by the end of the decade it should reach 50%"
Nestle's revenue growth in emerging markets is outpacing that in developed economies. During the first nine months of this year, Nestle said that emerging market sales rose 11.7%, compared to growth of just 2.4% in developed markets.
In a bid to continue this growth in emerging markets apace, Nestle is focused on expanding its routes to market and enhancing its product offering. The company recently announced that it will open two R&D centres in China to support local product development.
And Nestle - like many of its peers - looking well beyond the highly publicised opportunity presented by the BRIC economies. In this month's just-food interview, to be published in the coming weeks, we will be speaking to Nestle equatorial Africa region head Ian Donald on the company's plans to grow in the region.
The UK's Serious Fraud Office has launched an investigation into the GBP263m (US$424.6m) black hole in Tesco's accounts, the retailer confirmed today (29 October)....
A mobile app that claims to be the "most comprehensive food-rating database available" to US consumers has raised the hackles of the country's food manufacturers....
Just weeks after announcing a purchasing tie-up in France with local rival Systeme U, Auchan has outlined an international agreement with Germany's Metro Group....
Tesco has reported a massive 92% drop in first half profits as the accounting fiasco continues to widen....
- Why data is key to shopper satisfaction
- On the money: Spreads, ice cream top Unilever woes
- Interview: Premier sets sights overseas
- Short-termism decides Chiquita's future
- Sustainability Watch: Roberto Ciati, Barilla
- Glanbia chairman to step down
- General Mills to launch "Ancient Grains" Cheerios
- Hershey lowers FY sales, earnings forecasts
- Mondelez evaluating Oreo production in Morocco
- Kerry rebrands Wall's microwave sausages
- Supermarkets in China
- The Future of Retailing in the UK to 2017
- Pubs & Bars in the UK - Industry Market Research Report
- Consumer Trends Analysis: Understanding Consumer Trends and Drivers of Behavior in the Chinese Confectionery Food Market
- Kerry Group plc - SWOT, Strategy and Corporate Finance Report