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

Synlait, Nestlé Expand Eco-Focused Dairy Partnership in NZ

A partnership between Canterbury milk processor Synlait and the world's largest food producer, Nestlé, has been celebrated with a visit to a North Canterbury farm by a group including senior staff from Synlait, the Ravensdown subsidiary EcoPond, and Nestlé's Switzerland head office.

Ice Cream Deal

OPINION: One of the world's largest ice cream makers, Nestlé, is going cold on the viability of making the dessert.

Formula goes sour

OPINION: Media reports say global recalls tied to cereulide toxin contamination in milk-based nutrition brands could inflict combined financial losses exceeding $1 billion.

Job cuts

OPINION: At a time when dairy prices are at record highs, no one was expecting the world's second largest dairy player to slash jobs.

Featured

Chopped Salad Trend Arrives With NZ's Fresh Spring Veges

Bigger, bolder salads packed with colour, crunch and flavour are making headlines overseas — and the arrival of fresh spring vegetables means New Zealanders can now get chopping too, creating their own Great Kiwi Spring Salad.

Rabobank: China Quotas, Brazil Risk to Reshape Beef Trade

Chinese beef trade quotas and a looming suspension of Brazilian beef imports into the European Union are expected to reshape global beef trade flows over the remainder of 2026, with implications for New Zealand exporters, according to Rabobank's Q3 Global Beef Quarterly report.

National

Machinery & Products

» Latest Print Issues Online

Milking It

Domestic Focus

OPINION: After hogging the media limelight for telling a NZ Chinese MP to "go back home", Winston Peters has decided…

A No-Brainer

OPINION: With fuel prices soaring, one would have expected most farmers to be reclaiming excise duty on petrol.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter