Nestle rethinking, not rightsizing, away-from-home business

摘要

The pandemic has battered Nestle's away-from-home sales, but the company has no plans to pull back its participation in the market, said Ulf Mark Schneider, chief executive officer. He said Nestle will "rethink," not "rightsize," the business, which globally spans the categories of water, coffee, confectionery and ice cream. "It's not about rightsizing per se," he said during a July 30 earnings call. "It's about adapting to change that I think is inevitable now in the out-of-home business. And yes, so probably there'll be less hotel and restaurant business for a while going forward, and people may be eating less at some company cafeterias for a while, but imagine how many more people, for example, ordered in from restaurants and dark kitchens and what have you. And so clearly there's a change in nature. And there's almost like a blurring of the lines between what is in-home consumption and what is out-of-home consumption."