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Danone and Nestle plan to slow price increases in 2024, while Unilever expects price increases to ease. The industry cites rising input costs due to the pandemic and geopolitical factors. The focus shifts to marketing, innovation, and achieving a balanced mix of volume and pricing.
Nestle, Danone see price hikes slowing thecattlesite.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecattlesite.com Daily Mail and Mail on Sunday newspapers.
Nestle said it is seeing less impact from freight costs than in previous years although there has been some stress from attacks on shipping in the Red Sea. Their comments follow British rival Unilever, the maker of Ben & Jerry s ice cream and Dove soap, which also said this month that price increases - which have helped fuel a protracted cost of living crisis - would start to ease.
Danone and Nestle plan to slow price increases in 2024, while Unilever expects price increases to ease. The industry cites rising input costs due to the pandemic and geopolitical factors. The focus shifts to marketing, innovation, and achieving a balanced mix of volume and pricing.