Nestlé’s CEO, Laurent Freixe, stated that the company is largely insulated from tariff impacts due to its localized manufacturing, producing around 90% of its U.S. sales domestically. CFO Anna Manz noted that Nestlé has strategies to mitigate potential tariff effects, such as adjusting pricing and sourcing. Despite facing challenges in consumer demand, particularly in frozen foods, Nestlé plans to raise prices for cocoa and coffee amid high costs. The company aims for improved sales growth in 2024, supported by recent initiatives and cost-cutting measures.

Source: https://www.supplychaindive.com/news/nestle-largely-immune-to-impact-from-tariffs-ceo-says/740275/