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.
That politicians are selective with the truth is pretty much a given. But it did make this pundit chuckle to hear UK Chancellor George Osborne describe United Biscuits as a "great British company"... ...
Researchers at US-based The NPD Group have expressed optimism in the prospects for the foodservice sector after analysing sales data in 11 markets this summer....
Nestle had some reason for cheer this week when it was confirmed that Maggi noodles should be back on Indian shelves this month....
- Why Mars rice plan not just crop-ticking exercise
- Greencore's food-to-go focus paying dividends
- ConAgra Foods: what could happen next? - analysis
- Interview: Ritter sees growth potential in US, EU
- How Danone aims to meet its 2020 objectives
- Pinnacle to buy Boulder Brands in $975m deal
- Aryzta regional CEO steps down
- Maple Leaf Foods to cut over 400 jobs
- Hovis plans cuts amid anxiety over UK bread demand
- Nestle combats Thai seafood supply forced labour