The Economic Times

Nestle CEO says Middle East conflict driving inflation, higher supplier costs

Nestle is increasing prices and reducing product offerings to manage rising costs. Higher energy and raw material expenses are impacting suppliers globally. The company is also streamlining its brand portfolio through divestments and potential acquisitions. Nestle advocates for food manufacturers' involvement in India's front-of-pack labeling discussions. Efforts continue to reduce sugar, salt, and fat content in many products.