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Topic - Nestlé

) is the largest nutrition and foods company in the world, founded and headquartered in Vevey, Switzerland. Nestlé originated in a 1905 merger of the Anglo-Swiss Milk Company, which was established in 1866 by brothers George Page and Charles Page, and the Farine Lactée Henri Nestlé Company, which was founded in 1866 by Henri Nestlé. The company grew significantly during the First World War and following the Second World War, eventually expanding its offerings beyond its early condensed milk and infant formula products. Today, the company operates in 86 countries around the world and employs nearly 283,000 individuals. - Source: Wikipedia

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In their half-year reports over the summer, Pennsylvania-based Hershey Co. and Switzerland-based Nestle said pandemic-driven global supply chain disruptions and Russia’s war on Ukraine have made cocoa and other ingredients scarcer and more expensive.

Not a treat: Candy prices up 21% over last year heading into Halloween →

In their half-year reports last month, Pennsylvania-based Hershey Co. and Switzerland-based Nestle said pandemic-driven global supply chain disruptions and the Russia-Ukraine war have made cocoa and other ingredients scarcer and more expensive while demand soars.

Candy industry warns of Halloween shortages, inflation amid soaring demand →

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