Nestle Accelerates Supply Chain Transparency
February 01 2019 - 11:01AM
Dow Jones News
By Anthony Shevlin
Nestle SA (NESN.EB) said Friday it plans to accelerate efforts
toward full supply-chain transparency by disclosing the list of
suppliers and a variety of data for its key commodities.
The Swiss food and beverage giant said the 15 commodities
included in the move accounts for 95% of its annual sourcing of raw
materials.
"Consumers want to know what is in their food and where it comes
from," said Magdi Batato, executive vice president and head of
operations at Nestle.
The disclosure, the first of its kind in the industry, includes
a list of direct suppliers, upstream locations and country of
origins, as well as total volume sourced for each commodity,
according to Nestle.
The company's disclosure includes supply-chain information for
soya, meat, hazelnuts and vanilla, with more planned later in the
year.
"By mid-2019, we will also publish the supply chain information
for our other priority commodities, which include seafood, coconut,
vegetables, spices, coffee, cocoa, dairy, poultry, eggs, cereals
and sugar," said Mr. Batato.
Last year the company disclosed its palm-oil and pulp-and-paper
supply chains.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com;
@anthony_shevlin
(END) Dow Jones Newswires
February 01, 2019 10:46 ET (15:46 GMT)
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