Nestlé

Nestlé S.A. is a Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Vaud, Switzerland.

Categories

Pharma and Life Sciences  

#25

Rank

$317.95B

MarketCap CH

CH Switzerland

Country

Summary

Nestlé is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. It was founded in 1866 and has since grown into one of the largest food and beverage companies in the world, with operations in over 190 countries. 

The company's product portfolio includes a wide range of well-known food and beverage brands, including Nestlé, Nescafé, Gerber, KitKat, and Nesquik. The company's products are sold through a variety of channels, including supermarkets, convenience stores, and online retailers, and are designed to meet the needs of a wide range of consumers. 

In addition to its food and beverage operations, Nestlé is also involved in various initiatives to promote sustainability and social responsibility and is widely recognised for its commitment to these issues. The company is also committed to innovation and is known for its strong research and development capabilities. 

Nestlé is a publicly traded company and is listed on the Swiss stock exchange. It is also included in various stock market indices, including the SMI Index, and is widely followed by investors and analysts. The company is known for its strong financial performance and consistent growth, and is considered one of the largest and most successful food and beverage companies in the world.


History

Nestlé was founded in 1866 by Swiss chemist Henri Nestlé, who developed a nutritious baby food formula to help combat infant mortality. The formula, known as Farine lactée, was a combination of cow's milk, wheat flour, and sugar, and quickly gained popularity throughout Europe. Henri Nestlé's innovative formula was a major breakthrough in infant nutrition and helped to establish Nestlé as a leader in the food and beverage industry.

In the late 1800s, Nestlé continued to grow and expand its product portfolio. In 1875, the company merged with the Anglo-Swiss Condensed Milk Company, which produced condensed milk for use as a food for infants and young children. The merger helped to expand Nestlé's production capabilities, and the company began to expand into other markets, including chocolate and other confectionery products. Throughout the late 1800s, Nestlé continued to innovate and launch new products, including Nestlé's Milk Chocolate, which quickly became one of the most popular chocolate products in Europe. By the end of the 19th century, Nestlé had established itself as a major player in the food and beverage industry, with a growing portfolio of products and a reputation for quality and innovation.

In the early 1900s, Nestlé expanded its product portfolio and global reach, launching new products such as powdered milk, coffee creamer, and other dairy products. The company also established new production facilities in the United States and other countries. During World War I, Nestlé supplied food and other essential goods to soldiers and civilians in Europe. In the 1920s, Nestlé continued to innovate, launching new products such as Nesquik chocolate milk and Maggi instant soups and seasoning blends. The company also began to expand into new markets in Asia, Africa, and Latin America.

During World War II, Nestlé played a critical role in supplying food and other essential goods to soldiers and civilians in Europe. The company also continued to innovate and expand its product portfolio, launching new products such as Nestlé Crunch chocolate bars and Nescafé instant coffee. Despite the challenges of war and economic upheaval, Nestlé remained committed to its core values of quality, innovation, and sustainability. The company's focus on nutrition and wellness, as well as its commitment to developing new products and expanding into new markets, would continue to drive its growth in the years to come.

During the post-war period, Nestlé continued to expand its global reach and diversify its product portfolio. In the 1950s and 1960s, the company launched several new brands and products, including Nescafé Gold coffee and Stouffer's frozen foods. Nestlé also continued to expand into new markets, establishing a strong presence in Asia, Africa, and Latin America. In the 1970s and 1980s, Nestlé acquired several new businesses, including the American food manufacturer Carnation and the ice cream company Häagen-Dazs. The company also began to focus more on nutrition and health, launching products such as Nestlé Fitness cereal and Lean Cuisine frozen meals.

In the 1990s, Nestlé continued to innovate and expand, launching several new products and acquiring several new businesses, including the American pet food company Ralston Purina. The company also began to focus more on corporate responsibility and sustainability, launching initiatives to reduce its environmental impact and improve the welfare of farmers and workers in its supply chain. In 2000, Nestlé celebrated its 125th anniversary and continued to be one of the world's largest and most successful food and beverage companies.

Since 2001, Nestlé has continued to grow and evolve, expanding its product portfolio and global reach. The company has launched several new products in recent years, including plant-based alternatives to meat and dairy products, as well as new coffee and chocolate brands. Nestlé has also continued to focus on sustainability and corporate responsibility, setting ambitious goals to reduce its carbon footprint and promote ethical sourcing and production practices.

In addition to its focus on sustainability, Nestlé has also made several strategic acquisitions in recent years, including the American vitamin and supplement company Garden of Life and the Canadian allergy medication manufacturer Atrium Innovations. The company has also continued to invest in research and development, exploring new technologies and partnerships to innovate and stay ahead of evolving consumer trends. 


Mission

According to the company's website, its mission is: "to enhance quality of life and contribute to a healthier future". 

The company's commitment to creating shared value for its stakeholders, including consumers, employees, shareholders, and the communities where it operates. Nestlé aims to achieve this mission by offering a wide range of high-quality, safe, and nutritious food and beverage products that meet the needs and preferences of consumers around the world. 

The company also strives to minimise its environmental impact and contribute to the social and economic development of the communities where it operates. By pursuing this mission, Nestlé seeks to build long-term, sustainable growth and create value for all of its stakeholders.


Vision

The vision of Nestlé is to be "the world's leading nutrition, health, and wellness company". The company aims to create a better and healthier world through its products, services, and operations. Nestlé aims to achieve this vision by focusing on three key areas:

Nutrition: Nestlé is committed to improving the nutritional profile of its products and promoting healthy diets and lifestyles. The company seeks to provide consumers with a wide range of nutritious and delicious food and beverage choices that meet their specific needs and preferences.

Health: Nestlé is dedicated to promoting health and wellness throughout the entire value chain, from ingredient sourcing to product development to marketing and sales. The company aims to address the key health challenges of today's society, such as obesity, diabetes, and other chronic diseases.

Wellness: Nestlé believes that wellness goes beyond physical health and encompasses emotional and social well-being as well. The company aims to provide products and services that enhance the overall well-being of consumers, employees, and the communities where it operates.


Key Team

Mark Schneider (Chief Executive Officer)

Laurent Freixe (Executive Vice PresidentChief Executive Officer Zone Latin America)

Marco Settembri (Executive Vice President, Chief Executive Officer Zone Europe)

François-Xavier Roger (Executive Vice President, Chief Financial Officer)

Magdi Batato (Executive Vice President, Head of Operations)

Stefan Palzer (Executive Vice President, Chief Technology Officer)

Béatrice Guillaume-Grabisch (Executive Vice President, Global Head Human Resources & Business Services)

Leanne Geale (Executive Vice President, General Counsel, Corporate Governance and Compliance)

Bernard Meunier (Executive Vice President, Head of Strategic Business Units and Marketing and Sales)

Steven Wood Presley (Executive Vice President, Chief Executive Officer Zone North America)

Remy Ejel (Executive Vice PresidentChief Executive Officer Zone Asia, Oceania and Africa)

David Xiqiang Zhang (Executive Vice PresidentChief Executive Officer Zone Greater China)

Greg Behar (Deputy Executive Vice PresidentChief Executive Officer Nestlé Health Science)

Sanjay Bahadur (Deputy Executive Vice President Head of Group Strategy and Business Development)

David Rennie (Deputy Executive Vice President, Head of Nestlé Coffee Brands)

Lisa Gibby (Deputy Executive Vice President, Chief Communications Officer)


Recognition and Awards
ISO 14001 and OHSAS 18001 Certifications: In 2006, Nestlé's executive board ensured that all Nestlé factories conformed to international standards for Environmental Management Systems (ISO 14001) and Occupational Health and Safety Management Systems (OHSAS 18001) by 2010. Many Nestlé factories have since obtained these certifications, showcasing their dedication to responsible practices. Malcolm Baldrige National Quality Award: In 2010, Nestlé Purina, a subsidiary of Nestlé, received the prestigious Malcolm Baldrige National Quality Award. This recognition highlights Nestlé's commitment to quality and excellence in its operations. FTSE4Good Index: Nestlé became the first infant formula company to meet the criteria of the FTSE4Good Index in full, demonstrating its commitment to environmental, social, and governance practices in March 2011. World Environment Center Gold Medal Award: Nestlé received the World Environment Center's Gold Medal award in May 2011. This recognition showcases Nestlé's significant contributions to environmental sustainability. Universum's Global Ranking of Best Employers Worldwide: In September 2011, Nestlé ranked 19th in Universum's global ranking of Best Employers Worldwide, highlighting its reputation as an excellent employer. Global Food Industry Award: The International Union of Food Science and Technology (IUFoST) honored Nestlé with the Global Food Industry Award in 2010, recognizing its significant contributions to the food industry. Great Place to Work Institute Canada: Nestlé Canada Inc. was recognized by the Great Place to Work Institute Canada as one of the '50 Best Large and Multinational Workplaces' in Canada in April 2012. Gartner's Supply Chain Top 25: Nestlé ranked 18th in Gartner's annual Supply Chain Top 25 in May 2012, showcasing its excellence in supply chain management. Oxfam's Sustainability Scorecard: Nestlé retained its number one position in Oxfam's sustainability scorecard in 2013, highlighting its commitment to sustainability practices. Henry Spira Corporate Progress Awards: Nestlé received the Henry Spira Corporate Progress Awards in 2014, recognizing its advancements in corporate social responsibility. Oxfam's Behind the Brands Scorecard: In Oxfam's 2015 Behind the Brands scorecard, Nestlé ranked second among the world's 'Big 10' consumer food and beverage companies, based on its policies and commitments to improve food security and sustainability.

Products and Services

Beverages: Nestlé is known for its diverse portfolio of beverages. They offer a variety of coffee products under brands like Nescafé, Nespresso, and Starbucks (under license). Nestlé also produces powdered and ready-to-drink beverages, including chocolate drinks, tea, and bottled water.

Dairy and Dairy Alternatives: Nestlé is a major player in the dairy industry, offering a wide range of dairy products such as milk, yogurt, cheese, and cream. They also provide dairy alternatives like plant-based milk substitutes under brands like Alpro and Garden Gourmet.

Confectionery and Chocolate: Nestlé is renowned for its confectionery and chocolate products. They offer an array of popular chocolate brands, including KitKat, Nestlé Crunch, Smarties, and Aero. Nestlé also produces a variety of candies, chewing gums, and mints.

Infant Nutrition: Nestlé is a leading provider of infant nutrition products. They offer a range of baby formulas, cereals, and baby food under brands such as NAN, Gerber, and Cerelac, providing essential nutrition for infants and young children.

Culinary and Cooking Aids: Nestlé provides culinary products and cooking aids to enhance the flavor and convenience of meals. This includes products like Maggi seasonings, cooking sauces, and recipe mixes that cater to various cuisines and cooking styles.

Pet Care: Nestlé has a presence in the pet care industry through its subsidiary, Nestlé Purina PetCare. They offer a wide range of pet food and pet care products under brands like Purina, Pro Plan, and Felix, catering to the nutritional needs of dogs, cats, and other pets.

Additionally, Nestlé offers services such as nutrition and wellness guidance, culinary training programs, and collaborations with partners and suppliers to promote sustainable sourcing and environmental stewardship.


References

 

Nestlé
Leadership team

Laurent Freixe (Executive Vice PresidentChief Executive Officer Zone Latin America)

Marco Settembri (Executive Vice President, Chief Executive Officer Zone Europe)

François-Xavier Roger (Executive Vice President, Chief Financial Officer)

Magdi Batato (Executive Vice President, Head of Operations)

Industries

Pharma and Life Sciences

Products/ Services
Baby food and infant nutrition, beverages, Bottled water, Breakfast cereals, Chocolate and confectionery, Culinary and cooking products, Dairy products, Ice cream, Pet care, Medical nutrition, Sports nutrition
Number of Employees
Above 50,000
Headquarters
Nestlé S.A., avenue Nestlé 55, 1800 Vevey, Switzerland
Established
1866
Company Type
Public Limited Company
Company Registration
KY37LUS27QQX7BB93L28 (LEI)
Net Income
1B - 20B
Revenue
Above - 1B
Revenue Year
2022-07-27
Traded as
NESN.SW
Social Media

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Sun Apr 21 2024
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