continued rise in prices of raw materials

The continued rise in prices of raw materials like coffee and cocoa have put Swiss food companies in a bind. Six months after former Nestlé CEO Mark Schneider referred to food prices rises as a “50-year event”, he was no longer with the company. Nestlé’s sales were down, and the general feeling was that the company had scared away inflation-hit shoppers who had gone on to buy cheaper products. This dent in the customer base will be hard to turn around with new Nestlé CEO Laurent Freixe warning of a “soft demand environment” during the release of third quarter results this October. สล็อต เว็บตรง