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[Nestlé announced an increase in the prices of some products] September 11th, Swiss food giant Nestlé Group CEO Ferneri said on September 9th that in response to rising energy, freight and raw material costs, Nestlé is re-planning its product structure, raising the prices of some products, and cutting products that consumers are unwilling to spend more money on. Fenneri said that although the conflict in the Middle East has had little direct impact on Nestlé's sales, it has intensified the inflationary pressure faced by Nestlé's suppliers, and these costs will be passed on to Nestlé. The Middle East business accounts for about 2% to 3% of Nestle's sales, and the impact is mainly on inflation. (CCTV Finance)
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