Nestle’s Schneider on Higher Costs’ Impacting Pandemic Rebound

Bloomberg Markets and Finance published this video item, entitled “Nestle’s Schneider on Higher Costs’ Impacting Pandemic Rebound” – below is their description.

Jul.29 — Food and beverage giant Nestle, reversed guidance on Thursday for an improvement in profitability, instead forecasting a slight decline this year. The pace of cost growth began heating up in March, CEO Mark Schneider said, adding that the company plans to raise prices for consumers more in the second half. He spoke to Bloomberg’s Anna Edwards and Mark Cudmore, on the European Market Open.

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