Friday, 11 June 2021 12:30

Nestle's admission

Written by  Milking It

OPINION: It is the biggest dairy company in the world but Nestle is under pressure after admitting that more than 60% of its biggest selling products are not exactly healthy.

In an internal presentation for its top executives – seen and reported on by the Financial Times – the world’s largest food company said the majority of its popular products don’t meet “a recognised definition of health”.

The Times reported that the assessment applied to about half of Nestle’s overall portfolio – or about half of its near €85bn annual revenue.

Reports point to predictable areas like confectionery, ice cream and pizzas as the problems for Nestle, leading some analysts to suggest an overhaul of the group’s product portfolio and even an exit from mainstream confectionery.

More like this

RIP Kitkat V

OPINION: Another sign that the plant-based dairy fallacy is unravelling and that nothing beats dairy-based products.

Net zero pilot farm success

A net zero pilot dairy farm, set up in Taranaki two years ago to help reduce on-farm emissions, is showing promising results.

Featured

B+LNZ launches AI assistant for farmers

Beef + Lamb New Zealand has launched an AI-powered digital assistant to help farmers using the B+LNZ Knowledge Hub to create tailored answers and resources for their farming businesses.

National

Machinery & Products

JDLink Boost for NZ farms

Connectivity is widely recognised as one of the biggest challenges facing farmers, but it is now being overcome through the…

New generation Defender HD11

The all-new 2026 Can-Am Defender HD11 looks likely to raise the bar in the highly competitive side-by-side category.

» Latest Print Issues Online

Milking It

Buttery prize

OPINION: Westland Milk may have won the contract to supply butter to Costco NZ but Open Country Dairy is having…

Gene Bill rumours

OPINION: The Gene Technology Bill has divided the farming community with strong arguments on both the pros and cons of…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter