This document provides an overview of Nestlé S.A.'s corporate social responsibility initiatives. It discusses Nestlé India's initiatives to improve access to clean drinking water in communities by constructing over 257 water tanks benefiting over 140,000 students. It also discusses their project "Serve Safe Food" which provides training on health, hygiene and safe food handling to over 4,800 street food vendors in India. The document highlights Nestlé's belief that the food industry can play a vital role in enabling healthier lives through nutrition education.
The document summarizes the history of Nestlé from 1866 to present day. It describes how Henri Nestlé developed an infant cereal in 1866 to address malnutrition. The company grew through mergers and acquisitions, including the Anglo-Swiss Condensed Milk Company in 1905. Nestlé expanded its product portfolio and global operations throughout the 20th century, developing iconic brands like Nescafé and becoming the largest food company in the world.
Nestle is a global food and beverage company headquartered in Switzerland. It has over 500 factories worldwide and produces a wide range of products across categories like beverages, milk, nutrition, water, and pet care. In India, Nestle has been operating for over 90 years and now has 7 factories and 4 offices across the country. It is a major player in the Indian FMCG sector with popular brands like Maggi, Nescafe, Cerelac, and KitKat. Through innovation, supply chain management, and leveraging its global R&D resources, Nestle has seen continued success in the large Indian market.
This document provides an overview of Nestle, including:
1. Nestle was founded in 1866 in Switzerland and has since grown to employ 280,000 people worldwide with operations in almost every country.
2. It outlines Nestle's history and timeline of expansion from 1866 to the present, including acquisitions of major brands and companies.
3. Nestle began operations in Bangladesh in 1994 and directly employs over 650 people there with factories producing instant noodles, cereals, and repacking other products.
Nestle is the largest food and nutrition company in the world, founded in 1866 in Switzerland. It has grown significantly through acquisitions to offer a wide range of products today, including baby food, coffee, bottled water, ice cream, and pet food. With over 328,000 employees globally, Nestle is a multinational corporation headquartered in Vevey, Switzerland, and has a primary stock listing on the SIX Swiss Exchange. The company has a strong corporate culture reflected by its "Good Food, Good Life" motto that emphasizes quality food and guides all company activities.
1) The document discusses Nestle's market, demographics, industry analysis, mission/vision statements, and organizational portfolio in Pakistan.
2) It provides statistics on Pakistan's population, rural/urban breakdown, access to water/bottled water. Nestle's target market for bottled water is over 90 million people.
3) Nestle has a variety of water brands in Pakistan including Nestle Pure Life bottles and home/office delivery. It has acquired other companies to expand its home/office service nationwide.
Nestle originated in 1866 with two separate Swiss companies that merged in 1905 to form Nestle. It has since grown significantly through corporate acquisitions to become a multinational food and beverage conglomerate operating in 194 countries with over 300,000 employees. Nestle has numerous popular brands that each generate over $1 billion in annual sales and offers products across many categories including coffee, bottled water, baby food, breakfast cereals, dairy, pet food and more. The company prioritizes sustainability initiatives through programs focused on cocoa, coffee and other supply chains.
Nestlé is a Swiss multinational food and beverage company founded in 1866. It operates factories in over 80 countries and has 276,000 employees worldwide. Nestlé produces a wide range of products including baby food, breakfast cereals, coffee, confectionery, dairy, and bottled water. The company has grown significantly over the past century through acquisitions and expanding into new product categories such as frozen foods, pharmaceuticals, and cosmetics. More recently, Nestlé has focused on health, nutrition, and wellness brands and developing sustainable supply chains.
The document summarizes the history of Nestlé from 1866 to present day. It describes how Henri Nestlé developed an infant cereal in 1866 to address malnutrition. The company grew through mergers and acquisitions, including the Anglo-Swiss Condensed Milk Company in 1905. Nestlé expanded its product portfolio and global operations throughout the 20th century, developing iconic brands like Nescafé and becoming the largest food company in the world.
Nestle is a global food and beverage company headquartered in Switzerland. It has over 500 factories worldwide and produces a wide range of products across categories like beverages, milk, nutrition, water, and pet care. In India, Nestle has been operating for over 90 years and now has 7 factories and 4 offices across the country. It is a major player in the Indian FMCG sector with popular brands like Maggi, Nescafe, Cerelac, and KitKat. Through innovation, supply chain management, and leveraging its global R&D resources, Nestle has seen continued success in the large Indian market.
This document provides an overview of Nestle, including:
1. Nestle was founded in 1866 in Switzerland and has since grown to employ 280,000 people worldwide with operations in almost every country.
2. It outlines Nestle's history and timeline of expansion from 1866 to the present, including acquisitions of major brands and companies.
3. Nestle began operations in Bangladesh in 1994 and directly employs over 650 people there with factories producing instant noodles, cereals, and repacking other products.
Nestle is the largest food and nutrition company in the world, founded in 1866 in Switzerland. It has grown significantly through acquisitions to offer a wide range of products today, including baby food, coffee, bottled water, ice cream, and pet food. With over 328,000 employees globally, Nestle is a multinational corporation headquartered in Vevey, Switzerland, and has a primary stock listing on the SIX Swiss Exchange. The company has a strong corporate culture reflected by its "Good Food, Good Life" motto that emphasizes quality food and guides all company activities.
1) The document discusses Nestle's market, demographics, industry analysis, mission/vision statements, and organizational portfolio in Pakistan.
2) It provides statistics on Pakistan's population, rural/urban breakdown, access to water/bottled water. Nestle's target market for bottled water is over 90 million people.
3) Nestle has a variety of water brands in Pakistan including Nestle Pure Life bottles and home/office delivery. It has acquired other companies to expand its home/office service nationwide.
Nestle originated in 1866 with two separate Swiss companies that merged in 1905 to form Nestle. It has since grown significantly through corporate acquisitions to become a multinational food and beverage conglomerate operating in 194 countries with over 300,000 employees. Nestle has numerous popular brands that each generate over $1 billion in annual sales and offers products across many categories including coffee, bottled water, baby food, breakfast cereals, dairy, pet food and more. The company prioritizes sustainability initiatives through programs focused on cocoa, coffee and other supply chains.
Nestlé is a Swiss multinational food and beverage company founded in 1866. It operates factories in over 80 countries and has 276,000 employees worldwide. Nestlé produces a wide range of products including baby food, breakfast cereals, coffee, confectionery, dairy, and bottled water. The company has grown significantly over the past century through acquisitions and expanding into new product categories such as frozen foods, pharmaceuticals, and cosmetics. More recently, Nestlé has focused on health, nutrition, and wellness brands and developing sustainable supply chains.
Nestlé is a Swiss multinational food and beverage company founded in 1866 in Vevey, Switzerland. It is the largest food company in the world measured by revenues. Nestlé produces a wide range of products across categories like baby food, bottled water, coffee, confectionery, dairy, pet food and snacks. The company operates in 194 countries and employs around 333,000 people across 447 factories worldwide.
Nestle is the world's largest food and beverage company operating in 186 countries. It has over 2,000 brands and products ranging from coffee, bottled water, ice cream to baby food and pharmaceuticals. Nestle aims to provide consumers with nutritious choices through its mission of "Good Food, Good Life." It has a large global distribution network and sales force organized by regional offices and factories around the world. While Nestle has significant market share and brand recognition, it also faces threats such as increasing competition, water scarcity issues, and regulatory challenges.
Nestlé is a Swiss multinational food and drink conglomerate founded in 1905 with headquarters in Vevey, Switzerland. It operates in 189 countries and has over 447 factories and employs around 339,000 people. Nestlé has over 2,000 brands across food and beverage categories including coffee, bottled water, cereals, infant foods, pet food and plant-based products. It is one of the largest food companies in the world.
Nestle is the world's leading nutrition, health, and wellness company founded in 1866. It has 280,000 employees worldwide operating in almost every country. Nestle is committed to business integrity and ethics. The document provides an overview of Nestle's history from 1866 to present day, outlining its expansion through mergers and acquisitions. It details Nestle's major brands across various product categories including coffee, water, dairy, infant nutrition, pet care, and chocolate. The organizational behavior practices at Nestle emphasize open communication channels and employee participation in decision making to maintain a good working environment.
Nestle is a Swiss-German company founded in 1867 that is now the world's largest food and beverage company. It operates in 194 countries and has the objective of being the industry leader in nutrition, health, and wellness. Nestle produces a wide range of products, from baby food and bottled water to coffee, cereals, and chocolate.
Nestlé is the largest food and beverage company in the world based on revenue. It has over 2000 brands and operates 447 factories in 189 countries. Some of its top brands that generate over $1 billion in annual sales each include Nespresso, Nescafé, KitKat, Smarties, Vittel, and Maggie. While Nestlé began as a milk company in 1866, it has significantly expanded its product portfolio to include coffee, bottled water, cereals, frozen foods, confectionery, and pet food, among other products.
The document provides an executive summary and introduction for the Nestle Pure Life brand audit report. It summarizes the company's history and operations in Pakistan. Nestle Pure Life was launched in Pakistan in 1998 as the company's premium drinking water brand. The report analyzes the brand inventory and explores any mismatch with consumer perceptions. It also provides recommendations to help Nestle Pure Life realize its full potential.
The document provides information about Umer Khalid khokhar's final project for his class MCOM (A) submitted on 20.1.2012 to Sir sarwer. It includes an executive summary analyzing Nestle Pakistan's financial position and performance through ratio analysis. The auditor's reports from 2008-2012 for Nestle Pakistan were unqualified, indicating the financial statements were prepared according to accounting standards and accurately reflected the company's financial records. The project examines Nestle Pakistan's liquidity, assets utilization, capital structure, profitability, and market value ratios to evaluate the company's financial health and make recommendations.
Henri Nestle founded Nestle Company in 1866 in Switzerland as a nutritious gruel for children. Today, Nestle is the world's largest food and beverage company with sales of CHF 91 billion in 2005. It employs around 250,000 people in over 70 countries with factories worldwide. Since starting over 130 years ago, Nestle has grown through product innovations and acquisitions to become the largest food company. It markets many popular brands across food categories like coffee, water, dairy, pet food, cereals and more. Nestle has a decentralized structure with each country responsible for its own business operations according to the principle of "Thinking Globally, Acting Locally."
Nestle is a Swiss multinational food and drink conglomerate founded in 1866 in Vevey, Switzerland. It has over 2,000 brands and operations in over 187 countries. Nestle's wide range of products includes baby food, bottled water, coffee, confectionery, dairy, frozen food, pet food and pharmaceuticals. The company has annual sales of over $100 billion and its headquarters remain in Vevey, Switzerland.
Nestlé is a large multinational food and beverage company founded in 1866 in Switzerland. It operates in 189 countries and has over 2,000 brands and 339,000 employees. In India, Nestlé has 9 manufacturing facilities and is a major player in the fast moving consumer goods market. The company aims to create long term value for shareholders through sustainable manufacturing and marketing of high quality food, nutrition, health and wellness products globally.
How Nestle Icecream Strategy was Built up!
EpiProdux helps product managers understand who are the profitable customers and how to make profitable business.
https://epiprodux.com/
#profitableproduct #growth #businessdevelopment
The document provides an overview of the history and operations of Nestle. It discusses how Nestle began experimenting with cow's milk combinations in the 1860s in Switzerland and introduced products in 1867. It later grew to become the world's largest food company with over 650 factories globally. The document outlines Nestle's expansion through acquisitions and various brands over time. It also discusses Nestle's presence and brands in Asia and Pakistan specifically.
complete presentation on all aspects regarding Nestle brand
we present in our university( MUHAMMAD NAWAZ SHAREEF UNIVERSITY OF AGRICULTURE MULTAN .And got first position in the department of BBA-Agribusiness.
all data is collected from a reliable sources with the help of NESTLE focal persons and international marketers.
Nestlé started as a small business founded by a pharmacist and has grown to become one of the largest food and beverage companies in the world with over 250,000 employees in 83 countries. Nestlé has a wide range of products from pet food to coffee and junk food to health food. While Nestlé has seen significant global success, it has also faced some controversies over advertising, food issues, and socioeconomic impact. Nestlé remains one of the largest corporations in the world and will likely continue expanding its product lines and global reach.
Nestle Milkpak is a leading dairy brand in Pakistan owned by Nestle Pakistan. The report provides an overview of Nestle's history and operations in Pakistan. It details Milkpak's logo, launch date, target markets and value proposition of providing high quality milk products. The marketing mix and strategies used by Milkpak are explained, including customer segmentation, pricing, distribution channels, and promotional activities. SWOT and external factor analyses are presented for Milkpak. In conclusion, the report evaluates Milkpak's marketing performance and competitive position in the Pakistani dairy market.
This document provides a history of Nestlé and discusses problems the company faced due to a bad decision to market infant formula. It describes how Nestlé's promotion of formula over breastfeeding in developing countries in the 1970s led to infant mortality and reputational damage for the company. The document applies an Ishikawa diagram to analyze causes of infant mortality. It outlines steps Nestlé took to implement solutions like adhering to WHO marketing codes, ensuring product labels had instructions, and collaborating with health organizations. The impact was suspending product boycotts against Nestlé and the company maintaining its largest market share.
THE GROWTH ANALYSIS OF UNIFIED PAYMENTS INTERFACE (UPI) IN INDIA.docxVARUN KESAVAN
Interoperability among “payment systems in India has facilitated unparalleled ease of transactions while robust customer protection measures have made India’s retail payment system one of the safest in the world.
Unified Payments Interface (UPI) is a mobile-based, 365x24x7 ‘fast payment’ system launched in August 2016 which allows users to send and receive money instantly using a Virtual Payment Address (VPA) set by the user itself. The unique feature of VPA-based transaction is that it obviates the need for sharing account or bank details to the remitter. It supports person-to-person (P2P) and person-to-merchant (P2M) payments which can be used over a smart phone (app-based) or a feature phone (USSD8-based), and at merchant location/website. It facilitates immediate money transfer through both ‘pull’ and ‘push’ payments.
Non-financial transactions, such as balance enquiry, can also be carried out using UPI. It powers multiple bank accounts into a single mobile application of any participating bank/non-bank Third Party Application Provider (TPAP). Funds can also be transferred through UPI using account number with and IFSC (Indian Financial System Code) of the bank branch. The UPI 2.0 was launched in August 2018, which enabled users to link their Overdraft accounts to UPI VPA. Users are also able to pre-authorise transactions by issuing a mandate for specific merchant for a one-time payment. There’s also an added feature of AutoPay facility for recurring payments.
The framework of UPI comprises NPCI as switching and settlement service provider and banks as Payment System Providers (PSPs) – as issuer banks and beneficiary banks. Additionally, it can also have Third Party Application Providers (TPAP) such as Google Pay. Transactions are carried out through mobile devices with two-factor authentication using device binding and UPI PIN as security. Currently, the per transaction limit is INR 0.2 million.
UPI has attracted participation from a number of FinTech players. As against banks, it is the non-bank players who have made good use of the openness of UPI architecture, which allows any entity’s mobile application to be used for doing UPI transactions. Since its humble beginning in 2016, UPI has become one of the most popular payment products in India. Convenience of remembering and sharing a simple UPI VPA may have added to its popularity”.
On the whole we can observe there is a significant increase in the number of UPI transactions both in terms of volume and in terms of value. Similarly, from 17.86 million transactions in financial year 2016 – 2017 to 22,330.65 million transactions in the year 2021 – 2022 with the CAGR of 228%. Similarly with reference to value of transactions there is a increase in the value of transactions from Rs. 69.47 billion transactions in the year 2016 – 2017 to Rs. 41,036.54 billion transactions in the year 2021 – 2022 with the CAGR of 190%. UPI is going to be a catalyst in the retail payments sector in India.
WILL ROBOTS REDUCE OR INCREASE HUMAN EMPLOYMENT OPPORTUNITIES?VARUN KESAVAN
According to Binus Square Student Committee, Technology is disrupting the economy at many levels, and many worry about losing their jobs to automation. The truth is that this isn’t anything new—we’ve been through this already with the Industrial Revolution.
Back then, employees also thought there would be no room for humans at work. Machines were taking over, and their jobs were less valuable every day. But humans are still part of the equation; machines didn’t replace us—we use them to make our jobs more productive.
Today, we can expect a significant change in the way we handle our work, and we’ll probably have to learn new skills to future-proof our lives. The only difference between the previous industrial revolutions and today’s robotics revolution is the speed at which it is taking place.
According to a recent Oxford study, there will be 14 million robots in China’s workforce within the next 11 years. Artificial Intelligence, machine learning and robotics are accelerating the pace of automation in the workspace. However, there will always be jobs for humans. Now, let’s explore whether robots will reduce human employment or not.
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Nestlé is a Swiss multinational food and beverage company founded in 1866 in Vevey, Switzerland. It is the largest food company in the world measured by revenues. Nestlé produces a wide range of products across categories like baby food, bottled water, coffee, confectionery, dairy, pet food and snacks. The company operates in 194 countries and employs around 333,000 people across 447 factories worldwide.
Nestle is the world's largest food and beverage company operating in 186 countries. It has over 2,000 brands and products ranging from coffee, bottled water, ice cream to baby food and pharmaceuticals. Nestle aims to provide consumers with nutritious choices through its mission of "Good Food, Good Life." It has a large global distribution network and sales force organized by regional offices and factories around the world. While Nestle has significant market share and brand recognition, it also faces threats such as increasing competition, water scarcity issues, and regulatory challenges.
Nestlé is a Swiss multinational food and drink conglomerate founded in 1905 with headquarters in Vevey, Switzerland. It operates in 189 countries and has over 447 factories and employs around 339,000 people. Nestlé has over 2,000 brands across food and beverage categories including coffee, bottled water, cereals, infant foods, pet food and plant-based products. It is one of the largest food companies in the world.
Nestle is the world's leading nutrition, health, and wellness company founded in 1866. It has 280,000 employees worldwide operating in almost every country. Nestle is committed to business integrity and ethics. The document provides an overview of Nestle's history from 1866 to present day, outlining its expansion through mergers and acquisitions. It details Nestle's major brands across various product categories including coffee, water, dairy, infant nutrition, pet care, and chocolate. The organizational behavior practices at Nestle emphasize open communication channels and employee participation in decision making to maintain a good working environment.
Nestle is a Swiss-German company founded in 1867 that is now the world's largest food and beverage company. It operates in 194 countries and has the objective of being the industry leader in nutrition, health, and wellness. Nestle produces a wide range of products, from baby food and bottled water to coffee, cereals, and chocolate.
Nestlé is the largest food and beverage company in the world based on revenue. It has over 2000 brands and operates 447 factories in 189 countries. Some of its top brands that generate over $1 billion in annual sales each include Nespresso, Nescafé, KitKat, Smarties, Vittel, and Maggie. While Nestlé began as a milk company in 1866, it has significantly expanded its product portfolio to include coffee, bottled water, cereals, frozen foods, confectionery, and pet food, among other products.
The document provides an executive summary and introduction for the Nestle Pure Life brand audit report. It summarizes the company's history and operations in Pakistan. Nestle Pure Life was launched in Pakistan in 1998 as the company's premium drinking water brand. The report analyzes the brand inventory and explores any mismatch with consumer perceptions. It also provides recommendations to help Nestle Pure Life realize its full potential.
The document provides information about Umer Khalid khokhar's final project for his class MCOM (A) submitted on 20.1.2012 to Sir sarwer. It includes an executive summary analyzing Nestle Pakistan's financial position and performance through ratio analysis. The auditor's reports from 2008-2012 for Nestle Pakistan were unqualified, indicating the financial statements were prepared according to accounting standards and accurately reflected the company's financial records. The project examines Nestle Pakistan's liquidity, assets utilization, capital structure, profitability, and market value ratios to evaluate the company's financial health and make recommendations.
Henri Nestle founded Nestle Company in 1866 in Switzerland as a nutritious gruel for children. Today, Nestle is the world's largest food and beverage company with sales of CHF 91 billion in 2005. It employs around 250,000 people in over 70 countries with factories worldwide. Since starting over 130 years ago, Nestle has grown through product innovations and acquisitions to become the largest food company. It markets many popular brands across food categories like coffee, water, dairy, pet food, cereals and more. Nestle has a decentralized structure with each country responsible for its own business operations according to the principle of "Thinking Globally, Acting Locally."
Nestle is a Swiss multinational food and drink conglomerate founded in 1866 in Vevey, Switzerland. It has over 2,000 brands and operations in over 187 countries. Nestle's wide range of products includes baby food, bottled water, coffee, confectionery, dairy, frozen food, pet food and pharmaceuticals. The company has annual sales of over $100 billion and its headquarters remain in Vevey, Switzerland.
Nestlé is a large multinational food and beverage company founded in 1866 in Switzerland. It operates in 189 countries and has over 2,000 brands and 339,000 employees. In India, Nestlé has 9 manufacturing facilities and is a major player in the fast moving consumer goods market. The company aims to create long term value for shareholders through sustainable manufacturing and marketing of high quality food, nutrition, health and wellness products globally.
How Nestle Icecream Strategy was Built up!
EpiProdux helps product managers understand who are the profitable customers and how to make profitable business.
https://epiprodux.com/
#profitableproduct #growth #businessdevelopment
The document provides an overview of the history and operations of Nestle. It discusses how Nestle began experimenting with cow's milk combinations in the 1860s in Switzerland and introduced products in 1867. It later grew to become the world's largest food company with over 650 factories globally. The document outlines Nestle's expansion through acquisitions and various brands over time. It also discusses Nestle's presence and brands in Asia and Pakistan specifically.
complete presentation on all aspects regarding Nestle brand
we present in our university( MUHAMMAD NAWAZ SHAREEF UNIVERSITY OF AGRICULTURE MULTAN .And got first position in the department of BBA-Agribusiness.
all data is collected from a reliable sources with the help of NESTLE focal persons and international marketers.
Nestlé started as a small business founded by a pharmacist and has grown to become one of the largest food and beverage companies in the world with over 250,000 employees in 83 countries. Nestlé has a wide range of products from pet food to coffee and junk food to health food. While Nestlé has seen significant global success, it has also faced some controversies over advertising, food issues, and socioeconomic impact. Nestlé remains one of the largest corporations in the world and will likely continue expanding its product lines and global reach.
Nestle Milkpak is a leading dairy brand in Pakistan owned by Nestle Pakistan. The report provides an overview of Nestle's history and operations in Pakistan. It details Milkpak's logo, launch date, target markets and value proposition of providing high quality milk products. The marketing mix and strategies used by Milkpak are explained, including customer segmentation, pricing, distribution channels, and promotional activities. SWOT and external factor analyses are presented for Milkpak. In conclusion, the report evaluates Milkpak's marketing performance and competitive position in the Pakistani dairy market.
This document provides a history of Nestlé and discusses problems the company faced due to a bad decision to market infant formula. It describes how Nestlé's promotion of formula over breastfeeding in developing countries in the 1970s led to infant mortality and reputational damage for the company. The document applies an Ishikawa diagram to analyze causes of infant mortality. It outlines steps Nestlé took to implement solutions like adhering to WHO marketing codes, ensuring product labels had instructions, and collaborating with health organizations. The impact was suspending product boycotts against Nestlé and the company maintaining its largest market share.
Similar to AN OVERVIEW ON THE CORPORATE SOCIAL RESPONSIBILITY INITIATIVES BY NESTL’E S.A (20)
THE GROWTH ANALYSIS OF UNIFIED PAYMENTS INTERFACE (UPI) IN INDIA.docxVARUN KESAVAN
Interoperability among “payment systems in India has facilitated unparalleled ease of transactions while robust customer protection measures have made India’s retail payment system one of the safest in the world.
Unified Payments Interface (UPI) is a mobile-based, 365x24x7 ‘fast payment’ system launched in August 2016 which allows users to send and receive money instantly using a Virtual Payment Address (VPA) set by the user itself. The unique feature of VPA-based transaction is that it obviates the need for sharing account or bank details to the remitter. It supports person-to-person (P2P) and person-to-merchant (P2M) payments which can be used over a smart phone (app-based) or a feature phone (USSD8-based), and at merchant location/website. It facilitates immediate money transfer through both ‘pull’ and ‘push’ payments.
Non-financial transactions, such as balance enquiry, can also be carried out using UPI. It powers multiple bank accounts into a single mobile application of any participating bank/non-bank Third Party Application Provider (TPAP). Funds can also be transferred through UPI using account number with and IFSC (Indian Financial System Code) of the bank branch. The UPI 2.0 was launched in August 2018, which enabled users to link their Overdraft accounts to UPI VPA. Users are also able to pre-authorise transactions by issuing a mandate for specific merchant for a one-time payment. There’s also an added feature of AutoPay facility for recurring payments.
The framework of UPI comprises NPCI as switching and settlement service provider and banks as Payment System Providers (PSPs) – as issuer banks and beneficiary banks. Additionally, it can also have Third Party Application Providers (TPAP) such as Google Pay. Transactions are carried out through mobile devices with two-factor authentication using device binding and UPI PIN as security. Currently, the per transaction limit is INR 0.2 million.
UPI has attracted participation from a number of FinTech players. As against banks, it is the non-bank players who have made good use of the openness of UPI architecture, which allows any entity’s mobile application to be used for doing UPI transactions. Since its humble beginning in 2016, UPI has become one of the most popular payment products in India. Convenience of remembering and sharing a simple UPI VPA may have added to its popularity”.
On the whole we can observe there is a significant increase in the number of UPI transactions both in terms of volume and in terms of value. Similarly, from 17.86 million transactions in financial year 2016 – 2017 to 22,330.65 million transactions in the year 2021 – 2022 with the CAGR of 228%. Similarly with reference to value of transactions there is a increase in the value of transactions from Rs. 69.47 billion transactions in the year 2016 – 2017 to Rs. 41,036.54 billion transactions in the year 2021 – 2022 with the CAGR of 190%. UPI is going to be a catalyst in the retail payments sector in India.
WILL ROBOTS REDUCE OR INCREASE HUMAN EMPLOYMENT OPPORTUNITIES?VARUN KESAVAN
According to Binus Square Student Committee, Technology is disrupting the economy at many levels, and many worry about losing their jobs to automation. The truth is that this isn’t anything new—we’ve been through this already with the Industrial Revolution.
Back then, employees also thought there would be no room for humans at work. Machines were taking over, and their jobs were less valuable every day. But humans are still part of the equation; machines didn’t replace us—we use them to make our jobs more productive.
Today, we can expect a significant change in the way we handle our work, and we’ll probably have to learn new skills to future-proof our lives. The only difference between the previous industrial revolutions and today’s robotics revolution is the speed at which it is taking place.
According to a recent Oxford study, there will be 14 million robots in China’s workforce within the next 11 years. Artificial Intelligence, machine learning and robotics are accelerating the pace of automation in the workspace. However, there will always be jobs for humans. Now, let’s explore whether robots will reduce human employment or not.
GLOBAL TOURISM SECTOR TO SUFFER $1.2 TRILLION DUE TO COVID-19 PANDEMICVARUN KESAVAN
Global tourism sector is set to lose at least $1.2 trillion due to the spread of coronavirus. Let's take a look at the impact.
The world's tourism sector could lose at least $1.2 trillion or 1.5 per cent of the global gross domestic product (GDP), having been on a standstill for nearly four months due to the coronavirus pandemic. The loss could rise to $2.2 trillion or 2.8 per cent of the world's GDP if the break in international tourism lasts for eight months, in line with the expected decline in tourism as projected by the UN World Tourism Organisation.
In the most pessimistic scenario, a 12-month break in international tourism would incur an estimated losses of $3.3 trillion or 4.2 per cent of global GDP. In absolute terms, the world's largest trading economies, USA and China would face the largest declines in GDP, in the moderate scenario.
Negative employment and wage effects would be highest in countries reliant on tourism. The steepest drops are estimated in Thailand (-12 per cent), Jamaica (-11 per cent), and Croatia (-9 per cent).
In the long run, the World Travel & Tourism Council anticipates that the international tourism sector will likely return to pre-pandemic levels within a 19-month period.
THE AFTERMATH EFFECTS OF CORONAVIRUS PANDEMIC ON THE INVESTMENTS IN REAL ESTA...VARUN KESAVAN
The COVID-19 pandemic has severely impacted real estate investments in India. Private equity investments in Indian real estate dropped by 93% in 2020 compared to the previous year. Residential real estate witnessed a 91% year-over-year decline in investments. Office investments also declined, dropping 81% in the first five months of 2020 versus the same period the previous year. The pandemic-induced lockdown slowed overall real estate investment activity and leasing in India.
THE JOURNEY BEHIND THE GLORY OF LARGEST ONLINE NEWS PLATFORM DAILYHUNTVARUN KESAVAN
We no longer have to wait for the newspaper to get the latest news, nor do we require to wait till we reach home and switch on the TV to know the breaking news. With mobile phones and fast and cheap internet services, news and information is now much easier to access. An entrepreneur, Virendra Gupta could foresee this situation even before it actually arrived, which led him to acquire Newshunt in 2012, which is currently known as Dailyhunt. Today Dailyhunt procures content from over 1000+ publishers and is getting much popularity as the content is available in 14 Indian regional languages. Lets have a look at the journey of this top Indian startup.
THE PATH BEHIND THE SHINING OF PAYMENTS APP MOBIKWIK VARUN KESAVAN
Using a Mobile Wallet has now turned out to be a habit of many. Easy hassle-free payment and no worries about hunting for change every time you purchase something probably is a major benefit of using a mobile wallet. While today many international players are providing mobile wallet services in India, MobiKwik is one of the pioneer Indian mobile wallet companies, that despite much competition has carved a niche for itself.
THE JOURNEY BEHIND THE GLORY OF ONLINE TRAVEL KING MAKEMY TRIP VARUN KESAVAN
India’s leading online travel company MakeMyTrip.com was founded in the year 2000 by Deep Kalra. Headquartered in Gurugram, Haryana, the company provides online travel services including flight tickets, domestic and international holiday packages, hotel reservations, rail and bus tickets.
As of March 31, 2018, the company has 14 company-owned travel stores in 14 cities, including one in their office in Gurugram, over 30 franchisee-owned travel stores which primarily sell packages in approximately 28 cities, and counters in four major airports in India under their brand. They also have offices in New York, Singapore, Kuala Lumpur, Phuket, Bangkok, and Dubai.
THE JOURNEY BEHIND THE SHINNING OF ONLINE INSURANCE AGGREGATOR POLICYBAZAARVARUN KESAVAN
PolicyBazaar is India’s leading aggregator and marketplace of insurance products. Established in 2008, PolicyBazaar initially just compared the prices of insurance policies and provided insurance related information. Now, PolicyBazaar not only assists customers in buying insurance policies, but also provides assistance for cancellation/renewal of policies and even claim settlement.
PoicyBazaar is the marketplace for all insurance needs. It provides every thing from, life insurance, health insurance, motor insurance and other insurance like travel insurance and group insurance etc. The company offers more than 250 insurance plans and around 50 insurance brands on its platform. T
he platform is designed in a way that the visitors can easily compare the insurance plans and buy plans as per personal insurance needs.
The company is constantly adding new features and technology to make customer experience smoother. PolicyBazaar introduced 'my account' feature some times back. Through PolicyBazaar's 'My Account' feature, customers can easily download a policy, raise a ticket, ask for clarification and upgrade policies. The company introduced self inspection video feature for revival of lapsed motor insurance.
PolicyBazaar also adopted Amazon Polly and developed in-house AI chatbot - PBee to improve customer satisfaction.
In 2015, PolicyBazaar app was launched. The app is available for android and iOS platform. A customer can not only search, compare and buy insurance through the PolicyBazaar app, but there are also interesting features like hospital locator, garage locator, insurance premium calculator, instant renewal of insurance policies, claim assistance and more.
THE ROAD BEHIND THE GLORY OF GROCERY GIANT GROFERSVARUN KESAVAN
Grofers is an Indian online grocery delivery startup founded in 2013 by two IIT graduates. It operates in 28 Indian cities. Initially, the founders facilitated grocery deliveries from local stores and supermarkets for customers. They aimed to provide one-stop delivery for local needs by partnering with shops. Grofers works on a marketplace model, partnering with local grocery shops to fulfill online orders placed through its app, charging the shops commissions ranging from 8-15%. While Grofers has seen success, it also faced initial challenges including delayed service, product quality issues, and shutting down operations in some cities.
THE RELIANCE JIO WHICH TRANSFORMED THE FACE OF INDIAN TELECOM INDUSTRYVARUN KESAVAN
When Anil Ambani and Mukesh Ambani had a split in the year 2005 it was one of the biggest de-merger in the industry. The dream project of Mukesh Ambani that was Reliance Infocom became a part of Anil Ambani Group. Further Mukesh Ambani went on to acquire the company Infotel Broadband Services Limited which was the only successful bidder across India for the 4G network.
That is when Mukesh Ambani’s Reliance Limited started working in establishing a base for high-speed optical fiber 4G network which is much more capable than 4G. The company was named Reliance Jio Infocom Ltd popularly known as Jio today. Jio was the first network to provide 4G LTE services and VoLTE services.
Jio launched this service on 5th September 2016 for all the users and also launched its smartphone series with the name LYF. Reliance Jio Infocom Ltd (RJIL) focused on high-speed data instead of voice and SMS. On its launch, the company announced data plans with 1GB 4G data per day in the market where mostly all popular telecom providers offered 1GB data per month.
This was a game-changer by RJIL in the price-sensitive market of India as the prices before that revolved around Rs.250-300 for 1 GB 4G data which went down to Rs. 5 per GB during the initial days. With such amusing plans gradually Jio also offered free voice calling and free 100 SMS per day for all its Prime members.
THE NOTABLE CONTRIBUTIONS MADE BY CORPORATE GIANTS DURING THE OUTBREAK OF THI...VARUN KESAVAN
Tata Trusts and Tata Sons have combined committed Rs 1,500 crore towards coronavirus relief work. Chairman of Tata Trusts, Ratan Tata committed Rs 500 crore towards manufacturing of personal protective equipment, respiratory systems, testing kits and setting up modular treatment facilities and training of health workers. Following which, Tata Sons announced an additional Rs 1,000 crore support towards coronavirus fund. This is by far the biggest contribution by a business group in India. Out of the total fund, Rs 500 crore has been contributed towards PM-CARES fund.
Philanthropist Azim Premji's companies Wipro Ltd, Wipro Enterprises Ltd and Azim Premji Foundation, have together committed Rs 1,125 crore. Of the Rs 1,125 crore, Wipro Ltd's commitment is Rs 100 crore, Wipro Enterprises Ltd's is Rs 25 crore, and that of the Azim Premji Foundation is Rs 1,000 crore. These sums are in addition to the annual CSR activities of Wipro, and the usual philanthropic spends of the Azim Premji Foundation.
Mukesh Ambani-led Reliance Industries (RIL) has donated Rs 510 crore to the coronavirus relief work. This includes contribution of Rs 500 crore to the PM-CARES Fund and Rs. 5 crore each to the Chief Minister's Relief Fund of Maharashtra and Gujarat. RIL has also setup a 100-bed centre for COVID-19 patients at a hospital in Mumbai.
THE ATTRIBUTES BEHIND THE GLORY OF DELIVERY KING SWIGGYVARUN KESAVAN
INTRODUCTION
Swiggy is a food delivery application. It allows the users to access their application from Android, IOS, and website, to order food from nearby restaurants, delivering at an estimated time of 30 minutes at the doorstep. They partner with restaurants, have delivery services, and provide ratings that help the customer in picking eateries accordingly. At the time delivery of an order, a customer is entitled to give feedback, rate the food and the delivery services, which help the application, give the customer the best experience by gathering all data.
The company recently started with the tagline, ‘No order too small’, that is no minimum order for delivery, and faster delivery became the USP of the company. The company’s target audience is people who use smartphones regularly, 18-35 demographic. The tagline of Swiggy is, ‘Swiggy karo, phir jo chahe karo!’ which appears in the advertisements of Swiggy.
THE INCEPTION OF SWIGGY
In the year 2013, Sriharsha and Nandan came together to build a product that would connect courier companies across the country, called Bundl. Bundl was not such a huge success and these two co-founders wanted to focus on the food industry. They met Rahul who helped build the software. Hence, Swiggy was born in August 2014.
When Swiggy came to the market, the food delivery sector already had applications like Foodpanda, Tinyowl, and Ola Café. Foodpanda and Tinyowl were later acquired by Ola Cabs and Zomato respectively and Ola café later got closed. While all these companies were struggling, Swiggy already had around 100 restaurants on board, with around 70,000 orders monthly. They also received a cheque of $2 million from Accel and SAIF Partners in the year 2015. This is how the company began with a kick start.
Swiggy started in the year 2014, as a food delivery app. Eventually, Swiggy expanded in size and is working in 100 cities in India at present. In 2019, Swiggy also started its business in delivering packages to businesses and clients, with the application called, Swiggy Go.
THE INITIAL HI-CUPS FACED BY SWIGGY
Swiggy has both technical and non-technical issues that arise regularly. It is a challenge for Swiggy to calculate an estimate for each order made and making sure it gets delivered at the said time. The app also has a feature of rating for both the delivery services and the food served by restaurants; they gather this data and ensure to give the best experience to the customers.
THE BUSINESS AND REVENUE MODEL OF SWIGGY
The application works on the business model of hyper-local on-demand food delivery. Swiggy gets restaurants as partners that supply food to the customers. It has several delivery partners who aim at delivering food in less than 30 minutes. The revenue collected by Swiggy at the year ending March 2019 was Rs. 1, 128 crore.
THE LIFE SPAN OF DEADLY CORONAVIRUS ON DIFFERENT SURFACESVARUN KESAVAN
Coronavirus which has affected more than 5 lakh people and killed more than 24 thousand across the world till March 27 is spreading fast. The novel virus can spread through infected surfaces and can live between 3 to 72 hours hours on different surfaces such as plastic, metals, cardboard and even air.
As per a study published in New England Journal of Medicine, coronavirus (SARS-CoV-2) can be detected in air upto three hours. A person is more likely to catch the infection from air through an infected person rather than the surfaces that have the virus.
On copper, coronavirus can survive for upto 4 hours. As per the study, no traces of the virus could be seen or measured post the four-hour time-frame. Disinfecting the copper surface from time to time is a precautionary measure that can be used.
Coronavirus can live for a day on cardboard surfaces. As per the study, the virus (SARS-CoV-2) can survive for upto 24 hours on surfaces that are made out of cardboard. However the study also said that replicate data were noticeably "noisier" for cardboard than for other surfaces.
On objects and surfaces made of stainless steel, coronavirus can survive for upto 48 hours. The estimated median half-life of the virus was approximately 5.6 hours on stainless steel. The study published in New England Journal of Medicine notes that no visible virus (SARS-Cov-2) was measured after the 48-hour time period.
Coronavirus can live for upto 3 days on plastic surfaces. The SARS-COV-2 virus was more stable on plastic as compared to other surfaces such as metals and cardboard. The estimated median half-life of the virus was approximately 6.8 hours on plastic surfaces.
THE REPERCUSSIONS OF CORONAVIRUS' ON INDIA'S IMPORTS FROM CHINAVARUN KESAVAN
China's share in India's imports stand at 14 per cent. Since the outbreak of coronavirus trading between the two countries has been affected. India has a high dependency on China for manufacturing inputs. The industries that are impacted the most are:
APIs stand for active pharmaceutical ingredients. Indian companies imported 68 per cent of active pharmaceutical ingredients (API) from China in FY19. Indian pharma companies have said they have stock for 2-3 months, but the situation could worsen post May 2020.
India's electrical machinery and equipment has 40 per cent dependence on imports from China. However this number has reduced from 59.5 per cent in FY18 to 40 per cent in FY19. Although India has increased production of low-end electronic components. Import dependency on China is its major limitation.
Solar cells and modules which absorb sunlight to generate electricity are imported from China. As per a report from HDFC Bank, India's solar industry has 80 per cent dependence on Chinese manufacturers for solar products. As a result projects could be delayed in the next 4-6 months.
Consumer durables are the products that have a long use life such as air conditioners, refrigerators, and other household appliances. Around 45 per cent of consumer durables are imported from China. Currently an inventory for 2-3 months is being maintained by companies but the impact of the virus outbreak could be felt from Mar-Apr 20. Prices of these goods could rise in near future, according to the report.
Automobile sector, which accounts for 7.5 per cent of India's GDP and a massive 49 per cent of the manufacturing GDP, is already facing slowdown. The coronavirus lockdown has made the situation worse for the auto sector as 10 to 30 per cent of automotive components are supplied from China. If factories do not resume activity in China, it could adversely affect the sector.
Tourism sector comprises a broad chain of services such as tickets and booking, transportation, hotels, food and beverages. Since 2011, tourists from China visiting India were growing at 11% annually. China accounted for 3% of total foreign tourist arrivals in 2019.
HOW CEMENT INDUSTRY CAN BE THE BOOSTER ENGINE FOR INDIA?VARUN KESAVAN
1) The Indian cement industry is the second largest in the world in terms of production, but per capita consumption is still low at under 200kg compared to the world average of 500kg.
2) There has been consolidation in the industry with big players acquiring smaller regional cement companies. Cement companies operate by focusing on either quality or price.
3) Cement advertising now focuses more on emotional connections with consumers rather than just functional benefits due to information overload.
4) Government infrastructure projects and the housing sector are expected to drive demand growth, increasing per capita cement consumption to 435kg by 2030 and enabling an 82% expansion in production capacity.
ROBOTS AND HUMANS: COMBINED CAPABILITY WILL ENABLE BUSINESSES DELIVER UNEXPEC...VARUN KESAVAN
The last few years have seen a significant infusion of robots in various industries. This trend is expected to continue in the next 3-5 years. Almost 1 million robots are expected to be sold for enterprise use in 2020. There are primarily 3 types of robots - industrial, professional services and software robots.
Professional service robots (e.g., those used in healthcare, retail industries) and software robots (e.g., those used in functions such as Finance, HR, Procurement) will comprise a significant portion of these new robot sales. The market for professional services and software robots is growing much faster than that for industrial robots.
As the use of robots, increase in non-manufacturing industries, the companies which are able to combine the uniquely native human capabilities (e.g., inspiration, aspiration, emotion, empathy, imagination) with powerful robot capabilities (e.g., accurate transaction processing) will be able to re-imagine their business processes and deliver better and newer business outcomes for their stakeholders.
THE WAYS IN WHICH GEO -ENGINEERING COULD TRANSFORM THE ENVIRONMENTVARUN KESAVAN
Varun Kesavan discusses how geoengineering could be used to address the climate emergency. Specifically, solar radiation management techniques like stratospheric aerosol injection aim to reflect sunlight back into space to cool the planet. While once dismissed, major universities are now researching geoengineering due to the urgent threat of climate change. However, the large-scale effects are still uncertain and it may discourage climate action or have unintended impacts if halted. Overall, geoengineering shows potential to significantly benefit society and the environment according to studies, despite some risks, and could provide time to further address the root causes of climate change.
THE WAYS IN WHICH AUTOMATION REVOLUSIONS THE MANAGEMENT STRATEGYVARUN KESAVAN
Business strategy is being revolutionised by advances in automation technologies and management must follow. Management beliefs and practices must evolve with the new ways of production, distribution and consumption. Businesses are beginning to accept the inevitability of tech-enabled processes and tech-determined choices.
Industry 4.0 is about autonomy of machines. Advances in sensors, communication, computation, robotics, GPS etc have created possibilities of infusing machines with intelligence to automate both work and management. Machines are already collecting and sorting information, and management mostly involves dealing with people and making decisions. As Industry 4.0 evolves, a lot of decision-making will also be transferred to machines. But, it is not clear yet how machines will share ethical and legal responsibility for their actions.
THE SMES IN 2020: B2B PAYMENTS, DATA PRIVACY AMONG MAJOR PROBLEMS TO STAY IN ...VARUN KESAVAN
Several B2B payments and lending companies, over the last one year, emerged with solutions around banking, expense management, accounting/book-keeping, and Accounts Payable/Accounts Receivable (AP/AR) automation.
Slowly, but steadily, businesses are adopting software-as-a-service (SaaS) tools to manage their businesses better and move towards real digitisation away from manual and clunky processes to more elegant and friction-free processes.
Investors have taken notice of this opportunity in the B2B space and have stepped up their investments. A recent report by Venture Intelligence said that B2B fintech has secured $657 million in India so far this year, compared to $617 million by B2C fintech. Keeping this business payments transformation in mind, here are the top five topics that will be in the limelight in 2020:
THE TOP INNOVATIVE ECONOMIES IN THE WORLDVARUN KESAVAN
The World Economic Forum's Global Competitiveness Report for 2019 ranks 141 economies on their innovation capability. The innovation ecosystem is measured with the help of five sub-pillars-commercialization, Interaction, and diversity, administrative requirements, research and development, and entrepreneurial culture. Other important factors like education and the intensity of competitive skills they possess also help determine the country's innovation capabilities.
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
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Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
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Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
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This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
AN OVERVIEW ON THE CORPORATE SOCIAL RESPONSIBILITY INITIATIVES BY NESTL’E S.A
1. 1
AN OVERVIEW ON THE CORPORATE SOCIAL
RESPONSIBILITY INITIATIVES BY NESTL’E S.A
Varun Kesavan, Research Scholar, E – Mail Id –
varunkesavan@yahoo.com
INTRODUCTION
Nestlé S.A. is a Swiss transnational food and drink company headquartered
in Vevey, Vaud, Switzerland. It is the largest food company in the world,
measured by revenues and other metrics, since 2014.[3][4][5][6][7] It ranked No.
64 on the Fortune Global 500 in 2017[8] and No. 33 on the 2016 edition of the
Forbes Global 2000 list of largest public companies.[9]
Nestlé's products include baby food, medical food, bottled water, breakfast
cereals, coffee and tea, confectionery, dairy products, ice cream, frozen food,
pet foods, and snacks. Twenty-nine of Nestlé's brands have annual sales of
over CHF1 billion (about US$1.1 billion),[10] including Nespresso, Nescafé, Kit
Kat, Smarties, Nesquik, Stouffer's, Vittel, and Maggi. Nestlé has 447 factories,
operates in 194 countries, and employs around 339,000 people.[11] It is one of
the main shareholders of L'Oreal, the world's largest cosmetics company.[12]
Nestlé was formed in 1905 by the merger of the Anglo-Swiss Milk Company,
established in 1866 by brothers George and Charles Page, and FarineLactée
Henri Nestlé, founded in 1866 by Henri Nestlé (born Heinrich Nestle).
2. 2
The company grew significantly during the First World War and again
following the Second World War, expanding its offerings beyond its
early condensed milk and infant formula products. The company has made a
number of corporate acquisitions, including Crosse & Blackwell in
1950, Findus in 1963, Libby's in 1971, Rowntree Mackintosh in 1988, Klim in
1998, and Gerber in 2007.
Nestlé has a primary listing on the SIX Swiss Exchange and is a constituent of
the Swiss Market Index. It has a secondary listing on Euronext.
HISTORY
1866–1900: Founding and early years
Nestlé's origins date back to the 1860s, when two separate Swiss enterprises
were founded that would later form the core of Nestlé. In the succeeding
decades, the two competing enterprises aggressively expanded their
businesses throughout Europe and the United States.[13]
In 1866, Charles Page (US consul to Switzerland) and George Page, brothers
from Lee County, Illinois, USA, established the Anglo-Swiss Condensed Milk
Company in Cham, Switzerland. Their first British operation was opened
at Chippenham, Wiltshire, in 1873.[14]
In 1867, in Vevey, Henri Nestlé developed milk-based baby food and soon
began marketing it. The following year saw Daniel Peter begin seven years of
work perfecting his invention, the milk chocolate manufacturing process.
3. 3
Nestlé was the crucial co-operation that Peter needed to solve the problem of
removing all the water from the milk added to his chocolate and thus
preventing the product from developing mildew. Henri Nestlé retired in 1875
but the company, under new ownership, retained his name
as SociétéFarineLactée Henri Nestlé.
In 1877, Anglo-Swiss added milk-based baby foods to their products; in the
following year, the Nestlé Company added condensed milk to their portfolio,
which made the firms direct and fierce rivals.
In 1879, Nestle merged with milk chocolate inventor Daniel Peter.
1901–1989: Mergers
In 1904, François-Louis Cailler, Charles Amédée Kohler, Daniel Peter, and
Henri Nestlé participated in the creation and development of Swiss chocolate,
marketing the first chocolate – milk Nestlé.[15]
In 1905, the companies merged to become the Nestlé and Anglo-Swiss
Condensed Milk Company, retaining that name until 1947 when the name
'Nestlé Alimentana SA' was taken as a result of the acquisition of Fabrique de
Produits Maggi SA (founded 1884) and its holding company, Alimentana SA,
of Kempttal, Switzerland. Maggi was a major manufacturer of soup mixes and
related foodstuffs. The company's current name was adopted in 1977. By the
early 1900s, the company was operating factories in the United States, the
United Kingdom, Germany, and Spain.
4. 4
The First World War created demand for dairy products in the form of
government contracts, and, by the end of the war, Nestlé's production had
more than doubled.
In January 1919, Nestlé bought two condensed milk plants in Oregon from the
company Geibisch and Joplin for $250,000. One was in Bandon, while the
other was in Milwaukie. They expanded them considerably, processing
250,000 pounds of condensed milk daily in the Bandon plant.[16]
Nestlé felt the effects of the Second World War immediately. Profits dropped
from US$20 million in 1938 to US$6 million in 1939. Factories were
established in developing countries, particularly in Latin America. Ironically,
the war helped with the introduction of the company's newest
product, Nescafé ("Nestlé's Coffee"), which became a staple drink of the US
military. Nestlé's production and sales rose in the wartime economy.
After the war, government contracts dried up, and consumers switched back
to fresh milk. However, Nestlé's management responded quickly, streamlining
operations and reducing debt. The 1920s saw Nestlé's first expansion into
new products, with chocolate-manufacture becoming the company's second
most important activity. Louis Dapples was CEO till 1937 when succeeded
by Édouard Muller till his death in 1948.
The end of World War II was the beginning of a dynamic phase for Nestlé.
Growth accelerated and numerous companies were acquired. In 1947 Nestlé
merged with Maggi, a manufacturer of seasonings and soups.
5. 5
Crosse & Blackwell followed in 1950, as did Findus (1963), Libby's (1971),
and Stouffer's (1973). Diversification came with a shareholding in L'Oreal in
1974. In 1977, Nestlé made its second venture outside the food industry, by
acquiring Alcon Laboratories Inc.In the 1980s, Nestlé's improved bottom line
allowed the company to launch a new round of acquisitions. Carnation was
acquired for $3 billion in 1984 and brought the evaporated milk brand, as well
as Coffee-Mate and Friskies to Nestlé. The confectionery company Rowntree
Mackintosh was acquired in 1988 for $4.5 billion, which brought brands such
as Kit Kat, Smarties, and Aero.
1990–2011: Growth internationally
The first half of the 1990s proved to be favourable for Nestlé. Trade barriers
crumbled, and world markets developed into more or less integrated trading
areas. Since 1996, there have been various acquisitions, including San
Pellegrino (1997), Spillers Petfoods (1998), and Ralston Purina (2002). There
were two major acquisitions in North America, both in 2002 – in June, Nestlé
merged its US ice cream business into Dreyer's, and in August,
a US$2.6 billion acquisition was announced of Chef America, the creator
of Hot Pockets. In the same time-frame, Nestlé entered in a joint bid with
Cadbury and came close to purchasing the iconic American
company Hershey's, one of its fiercest confectionery competitors, but the deal
eventually fell through.[17]
6. 6
In December 2005, Nestlé bought the Greek company Delta Ice Cream for
€240 million. In January 2006, it took full ownership of Dreyer's, thus
becoming the world's largest ice cream maker, with a 17.5% market
share.[18] In July 2007, completing a deal announced the year before, Nestlé
acquired the Medical Nutrition division of Novartis Pharmaceutical
for US$2.5 billion, also acquiring, the milk-flavoring product known
as Ovaltine, the "Boost" and "Resource" lines of nutritional supplements, and
Optifast dieting products.[19]
In April 2007, returning to its roots, Nestlé bought US baby-food
manufacturer Gerber for US$5.5 billion.[20][21][22] In December 2007, Nestlé
entered into a strategic partnership with a Belgian chocolate maker, Pierre
Marcolini.[23]
Nestlé agreed to sell its controlling stake in Alcon to Novartis on 4 January
2010. The sale was to form part of a broader US$39.3 billion offer, by
Novartis, for full acquisition of the world's largest eye-care company.[24] On 1
March 2010, Nestlé concluded the purchase of Kraft Foods's North American
frozen pizza business for US$3.7 billion.
Since 2010, Nestle has been working to transform itself into a nutrition, health
and wellness company in an effort to combat declining confectionery sales
and the threat of expanding government regulation of such foods. This effort is
being led through the Nestlé Institute of Health Sciences under the direction of
Ed Baetge.
7. 7
The Institute aims to develop "a new industry between food and
pharmaceuticals" by creating foodstuffs with preventative and corrective
health properties that would replace pharmaceutical drugs from pill bottles.
The Health Science branch has already produced several products, such as
drinks and protein shakes meant to combat malnutrition, diabetes, digestive
health, obesity, and other diseases.[25]
In July 2011, Nestlé SA agreed to buy 60 percent of Hsu Fu Chi International
Ltd. for about US$1.7 billion.[26] On 23 April 2012, Nestlé agreed to
acquire Pfizer Inc.'s infant-nutrition, formerly Wyeth Nutrition, unit
for US$11.9 billion, topping a joint bid from Danone and Mead
Johnson.[27][28][29]
2012–present: Recent developments
In recent years, Nestlé Health Science has made several acquisitions. It
acquired Vitaflo, which makes clinical nutritional products for people with
genetic disorders; CM&D Pharma Ltd., a company that specialises in the
development of products for patients with chronic conditions like kidney
disease; and Prometheus Laboratories, a firm specialising in treatments for
gastrointestinal diseases and cancer. It also holds a minority stake in Vital
Foods, a New Zealand-based company that develops kiwifruit-based solutions
for gastrointestinal conditions as of 2012.[30]
Another recent purchase included the Jenny Craig weight-loss program,
for US$600 million. Nestlé sold the Jenny Craig business unit to North Castle
Partners in 2013.[31]
8. 8
In February 2013, Nestlé Health Science bought Pamlab, which makes
medical foods based on L-methylfolate targeting depression, diabetes, and
memory loss.[32] In February 2014, Nestlé sold its PowerBar sports nutrition
business to Post Holdings, Inc.[33] Later, in November 2014, Nestlé announced
that it was exploring strategic options for its frozen food subsidiary, Davigel.[34]
In December 2014, Nestlé announced that it was opening 10 skin care
research centres worldwide, deepening its investment in a faster-growing
market for healthcare products. That year, Nestlé spent about $350 million on
dermatology research and development. The first of the research hubs, Nestlé
Skin Health Investigation, Education and Longevity Development (SHIELD)
centres, will open mid 2015 in New York, followed by Hong Kong and São
Paulo, and later others in North America, Asia, and Europe. The initiative is
being launched in partnership with the Global Coalition on Aging (GCOA), a
consortium that includes companies such as Intel and Bank of America.[35]
Nestlé announced in January 2017 that it was relocating its U.S. headquarters
from Glendale, California, to Rosslyn, Virginia outside of Washington, DC.[36]
In March 2017, Nestlé announced that they will lower the sugar content in Kit
Kat, Yorkie and Aero chocolate bars by 10% by 2018.[37] In July followed a
similar announcement concerning the reduction of sugar content in its
breakfast cereals in the UK.[38]
9. 9
The company announced a $20.8 billion share buyback in June 2017,
following the publication of a letter written by Third Point
Management founder Daniel S. Loeb, Nestlé's fourth-largest stakeholder with
a $3.5 billion stake,[39] explaining how the firm should change its business
structure.[40] Consequently, the firm will reportedly focus investment on sectors
such as coffee and pet care and will seek acquisitions in the consumer health-
care industry.[40]
In September 2017, Nestlé S.A. acquired a majority stake of Blue
Bottle.[41] While the deal's financial details were not disclosed, the Financial
Times reported "Nestle is understood to be paying up to $500m for the 68 per
cent stake in Blue Bottle".[42] Blue Bottle expects to increase sales by 70% this
year.[43]
In September 2017, Nestlé USA agreed to acquire Sweet Earth, a California-
based producer of plant-based foods, for an undisclosed sum.[44]
In January 2018, Nestlé USA announced it is selling its U.S. confectionary
business to Ferrero, an Italian chocolate and candy maker.[45] The company
was sold for a total of an estimated $2.8 billion.[45]
10. 10
PRODUCTS
Nestlé has over 8,000 brands[57] with a wide range of products across a
number of markets, including coffee, bottled water, milkshakes and
other beverages, breakfast cereals, infant foods, performance and healthcare
nutrition, seasonings, soups and sauces, frozen and refrigerated foods,
and pet food.
SOCIAL INITIATIVES BY NESTLE INDIA
Improving Access to Water among Communities
Empowering Communities
Clean water is the backbone of healthy communities and as part of our
community initiatives, Nestlé India has undertaken programmes to provide
access to clean drinking water. Having clean water means being able to avoid
exposure to water-borne diseases and reduce the burden of ill health on
families. The benefits of having a source of clean water in a community are
even much wider. When women and girls no longer have to walk miles to
fetch water each day, they have more time to learn. Literacy rates rise.
11. 11
Nestlé India started the construction of clean drinking water facilities in
schools around its factories in 1999. The community outreach is implemented
directly and through our NGO partner Enable Health Society. Till year 2017,
Nestlé India constructed over 257 water tanks across 7 states benefitting
more than 140,000 students. In Rajasthan, we have partnered with the
Department of Medicine and Health to offer access to clean drinking water at
12 Public Health Centres as part of the Adarsh Public Health Centre Yojna
established by the Government.
Enhancing Livelihoods of Street Food Vendors
Offering Safe And Hygienic - Healthier Food
Nestlé India joined hands with the National Association of Street Vendors of
India (NASVI) and national and local food authorities to launch Project 'Serve
Safe Food' for training street food vendors on subjects including health,
hygiene, safe food handling, waste food disposal and entrepreneurship. At
these trainings, vendors learn about how to handle food with gloves,
handwashing, storage techniques, proper washing of fruits and vegetables,
personal hygiene and entrepreneurship. At the end of the course, the vendors
receive official certification that they have completed the training. They are
also encouraged to share the information with fellow street vendors.
12. 12
Street Food Vending and Programme Serve Safe Food
Street food vending is an important source of informal employment. It is an
integral part of experiencing culinary delight in India and a large number of
street food vendors are typically located at the most convenient points for
consumers. However, street food vendors face a variety of constraints
including lack of knowledge and skills in business, limited training
opportunities, and restricted mobility that prevents them from improving their
capacities. The project 'Serve Safe Food' in collaboration with NASVI offers
training on critical subjects of street food vending. During 2017, programme
was implemented across Goa, Rajasthan, U.P., Kerala and Delhi, reaching
out to about 4,800 street food vendors who were also awarded a certificate
and presented a hygiene kit at the end of the training.
Good Nutrition is the key to a Good Life
13. 13
At Nestlé India, we believe that the food industry can play a vital role in order
to enable healthier lives. Under the aegis of Nestlé Healthy Kids Programme,
we focus to provide nutrition education to adolescents. Education is a powerful
tool for ensuring that children understand the value of nutrition and physical
activity and continue leading healthy lives as they grow older. Eating nutritious
food and incorporating physical activities is the key to maintaining a healthy
lifestyle. Therefore the Nestlé Healthy Kids Programme has been developed
with a focus to raise nutrition, health and wellness awareness of school going
children.
The Programme is rolled out through the Department of Home Science/Food
Science in the Universities, which collect information on the nutritional status
of the region and are also acquainted with local food habits. The content of the
programme is developed in collaboration with the respective University partner
and is customised for each region.
It is being conducted in partnership with regional Universities (Punjab
Agriculture University in Ludhiana, GovindBallabh Pant University of
Agriculture and Technology in Pantnagar, National Dairy Research Institute in
Karnal, College of Home Science, Goa University, University of Agriculture
Sciences in Bangalore, and Himachal Pradesh KrishiVishvavidyalaya in
Palampur) around our factory locations.
14. 14
Through this programme, the students learn about seasonal and local fruits,
vegetables and cereals. They become aware of balanced eating practices.
They are also made aware of the role of hygienic practices and daily exercise
in relation to health. These students then serve as change agents by
propagating healthy eating practices in their homes and neighbourhoods.
Each student receives 12 hours of nutrition training conducted over six weeks.
The programme has benefitted over 59000 students till date.
Improving access to sanitation among communities
15. 15
Nestlé India endeavours to facilitate and remove what is considered to be the
major cause of dropout rate among girl students in the village schools. We
believe that education and empowerment of girl students can benefit the
quality of life in communities. Therefore in order to promote education and
ensure availability of basic sanitation facilities, Nestlé India works towards
improvement of access to sanitation to add value to the communities we
operate in.
In order to ensure availability of basic sanitation facilities, we have been
constructing sanitation facilities for girl students in village schools across all
our factory locations.
Tejaswini S is one of the many girls who benefitted from the sanitation facility.
She feels that this facility offers her more safety and privacy, which is a must
for every girl in this world.
In 2016, Nestlé India set up sanitation facilities in government schools in
Mumbai, Kolkata and Chennai, in addition to factory locations. Till date, over
325 facilities benefiting over 112,000 girl students have been set up by Nestlé
India.
16. 16
Bringing Water Stewardship to Sugarcane fields
Water is a critical resource and as a leading nutrition, health and wellness
company, it is our responsibility to ensure that we protect the ecosystems in
which we operate. We aim to be responsible stewards of water, ensuring it is
available and managed sustainably, protecting it through high-profile
collaborations, treating the water, educating communities in how to use water
efficiently.
Our various initiatives include efforts to reduce, re-use and re-cycle water,
across the value chain and with communities, for a sustainable tomorrow. This
has been accompanied by our efforts to spread awareness about sustainable
usage of water as well as providing clean and safe drinking water. We have
further partnered with institutions with expertise in the field of water and have
adopted new technologies to avoid wastage across our value chain.
17. 17
Nestlé India has a water stewardship initiative with AgSRI at the Kabini river
basin in Karnataka. The project sets up demonstration farms and trains
farmers on ecologically sustainable practices to reduce the agricultural water
withdrawal from the catchment area, while improving agricultural productivity.
This makes it possible to have more yield and good income by using less
seeds, less water and fewer fertilizers besides reducing the number of
labourers and expenditure. The SRI and SSI method can be used for
cultivating sugarcane, paddy and coffee.
For example, in case of sugarcane, farmers are trained to cultivate using a
methodology which is different from the traditional method. Instead of planting
sugarcane sets directly, they are taught to plant month old seedlings. The
farmers also learn how there will be sufficient sunlight, air and humidity if the
sugarcane sets are planted in rows having a width of 4x2 or 5x2 feet.
The farmers are further taught on how the waste of the sugarcane, without
being burnt and wasted can be, used to join the soil between the furrows to
help preserve the humidity, control the weeds and improve the soil fertility.
18. 18
Dairy Farmers Programme
Creating Shared Value for Three generations
“Our family has been dairy farmers for over three generations. I started the
tradition which is now being taken forward by my son and grandson. Being a
dairy farmer has changed my life significantly. It has given my family a
financially secure life which they always dreamt of. Dairy farming ensures a
regular source of income that is difficult through crop farming or labouring. I
have also been able to learn entrepreneurial skills over the years apart from
learning the technicalities of feeding and breeding cattle.”
Gurbax Singh has been a dairy farmer for over four decades. When Gurbax
started dairy farming he was the owner of a single cow and would sell milk to
earn a living. Through his friends, Gurbax came to know about Nestlé India’s
Dairy Farmer Programme and how it was helping farmers like him to live a
better life.
19. 19
Gurbax enrolled for the programme and this marked the beginning of a
relationship which would be carried forward by his future generations. He
became one of the regular milk suppliers at Nestlé India’s milk collection
centre and started getting paid the full value of milk supplied by him. The
sustained demand for milk all throughout the year helped him earn a regular
income which brought about financial stability and assured him of long-term
healthy relationships.
Gurbax started his own milk procurement centre with the earnings received
from the dairy farmer programme and the surplus that he had saved.
20. 20
Following the footsteps of his father, Gurbax’s son Amarjeet took up the family
business to take his father’s legacy forward as did Amarjeet’s son
Gursharanpreet.
Nestlé India has contributed to transforming Moga into a prosperous and
vibrant milk district. We work with around 100,000 milk farmers and collect
over 300 million kilograms of high quality milk every year across the States of
Punjab, Haryana and Rajasthan under our dairy farming programme. Helping
farmers to increase their knowledge and skills is a key focus area of our rural
development strategy. By adopting best practices, farmers are able to improve
productivity, trading relations and cost control. Our relationships are based on
the understanding that our investments must result in long term sustainable
growth and economic and social progress for the community, as well.
21. 21
Getting your nutrition basics right is the key to stay fit
The session under the Healthy Kids programme brought about a healthy
change in the thinking and lifestyle of many children.
Nestlé partnered with the NGO Magic Bus in 2014 to promote healthy eating
habits, better hygiene, regular play and gender sensitivity among children in
government schools across the cities of Delhi, Mumbai, Chennai, Bangalore,
Vizag and Hyderabad. The programme has reached out to about 52,000
adolescents in government schools till end 2015, with each child receiving
over 30 hours of nutrition training. In 2016, we expanded the programme
across Kolkata, Delhi, Mumbai, Hyderabad, Bangalore, Chennai, Mysore,
Guwahati and Vishakhapatnam and reached out to over 78,000 students. In
2017, the program will reach out to 1,40,000 students across 18 states.
22. 22
Building a sustainable planet the smarter way
Nestlé India has always emphasized on sustainable use of natural and non-
renewable resources as part of its commitment to nurturing and preserving the
environment. Within our factories there has been a continuous effort to
maximise production while minimising the consumption of natural resources
and reducing waste and emissions. We have always strived to improve
operational efficiencies, use natural resources sustainably and reduce water,
energy and CO2 emissions while doing business.
23. 23
In our manufacturing
Recognizing the significance of preserving natural resources, our factories
across locations have engaged in environmentally balanced initiatives leading
to:
Reducing usage of energy by 47% per tonne of production
Reducing our water usage by around 53% and generation of waste water by
around 55%
Reducing CO2 emissions by 55%
In our endeavour to preserve natural resources, we are working towards
making Moga a zero-water factory. The Zer’Eau technology utilised in the
Moga factory helps recycle the water extracted from cow’s milk and reuse it
for processing, enabling us to save 25% of water use at the factory. This has
led to a decrease in the withdrawal of ground water for manufacturing
purposes.
24. 24
In our packaging
In 2016, we reduced around 800 tonnes of packaging material through
packaging optimisation. We are expanding the response of QR (Quick
Response) Codes to provide sustainable consumption tips and guidance on
recycling. We label our products as per the Nestlé Policy on Environmental
Sustainability and its guidelines on Packaging and Design. The labelling
includes identification of the type of material to determine recyclability and
anti-litter and recycle logos to remind consumers to dispose it in a safe and
environment-friendly way.
Nestlé India has always endeavoured to connect people to nature by
undertaking environment-friendly initiatives across its manufacturing facilities
and within communities to ensure a greener tomorrow for all.
25. 25
Empowering women through training
The Village Women Dairy Development Programme has been a game
changer for the lives of women in Moga. Not only are they being educated and
trained in good milking practices and cattle-care, this programme is also
helping them harness their entrepreneurial spirit to create an identity of their
own.
Nestlé India has trained over 66,000 women dairy farmers till date to foster a
better tomorrow for them.