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.
Ads are commonly a bone of contention in this industry, with food manufacturers regularly coming under fire for what they believe is creative use of media. ...
Singapore-based agribusiness giant Wilmar International is to publish more information on how it sources its palm oil, a move welcomed by environmentalists....
Just two weeks into 2015 and competition among UK grocers is heating up further. Will suppliers be caught in the crossfire? Corporate restructuring firm Begbies Traynor thinks so....
- Premier Foods CEO expects UK supermarket rebound
- Briefing: The risks and rewards of e-tail in China
- Unilever must "speed" response to consumer trends
- Why US diet guidelines should consider environment
- Global factors hold sway over UK milk prices
- Post Holdings strikes deal to acquire MOM Brands
- Food industry news of week: Unilever, PepsiCo
- Chobani launches Tots infant range
- Premier Foods hails "improving" sales trends
- PepsiCo rolls out "sweet" Cheetos
- 10 Key Trends in Food, Health and Nutrition 2015
- The Sugar Backlash and its Effects on Global Consumer Markets
- The Future of Retailing in the UK to 2017
- Global Consumer Trend Framework: Understanding Attitudes and Behaviors that Influence Global Consumption Habits
- Unilever - Strategy and SWOT Report