The Logistician
  • Tiếng ViệtTiếng Việt
  • What to read today?
  • Knowledge
  • Insight
  • Podcast
  • Blog
  • Document
VIẾT BLOG
  • Login
  • Register
No Result
View All Result
  • What to read today?
  • Knowledge
  • Insight
  • Podcast
  • Blog
  • Document
VIẾT BLOG
  • Tiếng ViệtTiếng Việt
  • Login
  • Register
No Result
View All Result
The Logistician
No Result
View All Result

Nestlé suspend many products in Russia

Following many famous brands, on March 23, Nestlé, the world's largest food and beverage company, headquartered in Switzerland, announced that it would stop selling most of its products in Russia due to concerns about the effects of the Russia-Ukraine crisis

The Logistician by The Logistician
26/03/2022
in Blog
Nestlé suspend many products in Russia

Image: Thuỳ Mai

Nestlé stops selling a wide range of products in Russia

On March 23, Nestle, the world’s largest food and beverage company, headquartered in Switzerland, announced that it would stop selling a wide range of products in Russia, including KitKat chocolate bar and Nesquik milk drink mix. Nestle spokesman said affected products would include pet food and coffee, which account for the majority of sales in Russia, totaling $1.82 billion in 2021.

nestle-suspend-many-products-in-russia
Nestle has announced that it will stop selling a range of products under its brands in Russia, including the KitKat

The Swiss company has stopped importing and exporting non-essential goods to Russia, stopped all advertising and investments in the country, and revealed that it will donate profits from Russia to Ukraine aid.

Even so, Nestle said it will continue to pay the salaries of about 7,000 of its employees in Russia. At the same time, the world’s largest F&B company also announced that it would stand with the people of Ukraine and its 5,800 employees in this country. However, the news made Nestle shares down 1.6% in the market.

Actions from other parties and companies

Nestle’s decision comes as Ukraine’s President, Volodymyr Zelenskiy, is criticizing the world’s largest food company for its continued presence in Russia. Zelenskiy said Nestle didn’t do enough to achieve the “Good Food, Good Life” slogan.

Before Wednesday’s move (March 23), Nestle was also denounced by Ukrainian politicians and the group “Anonymous”, an international network of activists and anonymous social hacker organizations. The organization has called for a boycott of Nestle products.

Like Nestle, Western companies operating in Russia are struggling to provide much-needed food and medicine while facing outside pressure to cut ties with Moscow. More than 400 companies have withdrawn from Russia since the country’s conflict with Ukraine broke out on February 24, leaving assets worth hundreds of billions of dollars.

Despite the above pressures, Nestle, PepsiCo, Unilever and P&G are continuing to supply basic hygiene and nutrition items in Russia such as milk and diapers. Then, also on March 23, the multinational corporation specializing in providing nutritious food and drinks based in France, Danone said that it will continue to produce dairy products and essential nutrition for children. newborns in Russia. However, the French company has suspended all other import and export activities and investments, including advertising, or promotions in the country. Danone also said it will not receive cash, dividends and profits from its business in Russia.

Thuy Mai

Uniqlo suspends business in Russia in an attempt to undermine the Russia-Ukraine war

Source: reuters.com
Tags: Food&Beverage&NestléRussia-Ukraine

Related Posts

​​Shell and CMA CGM signed an agreement to supply LNG fuel in Singapore

​​Shell and CMA CGM signed an agreement to supply LNG fuel in Singapore

01/07/2022
0
Private: TP Hồ Chí Minh xem xét chuyển đổi mục đích sử dụng một số khu công nghiệp sang logistics

Ho Chi Minh City considers converting some industrial parks into logistics

29/06/2022
0
Image: Thu Trang

DB Schenker’s agreement to acquire USA Truck

28/06/2022
0
Finding new suppliers after the unprecedented “Chicken-rice crisis” in Singapore

Finding new suppliers after the unprecedented “Chicken-rice crisis” in Singapore

22/06/2022
0
FedEx invests in FourKites to build intelligent supply chain platform

FedEx invests in FourKites to build intelligent supply chain platform

22/06/2022
0
LG Electronics “shake hand” with CJ Logistics to develop logistics robots

LG Electronics “shake hand” with CJ Logistics to develop logistics robots

19/06/2022
0

ĐỀ XUẤT NÊN ĐỌC

Ấn Độ: Matternet thúc đẩy các dự án giao hàng bằng thiết bị bay không người lái

India: Matternet drives forward with drone delivery project

2 years ago
0
Amazon Air bùng nổ ở thời điểm sản lượng thị trường giảm mạnh

Amazon Air booms as worldwide air cargo falls

3 years ago
0
Hạn hán đe dọa kênh đào Panama

Drought threatens Panama canal

3 weeks ago
0
Maersk – Hãng vận tải container lớn nhất thế giới sẽ khai trương tuyến đường biển qua Việt Nam vào tháng 8 sắp tới

Maersk – The world’s largest container shipping company will open a sea route through Vietnam in August

2 years ago
0
ADVERTISEMENT

THẺ NỔI BẬT

ACQUISITIONaircraftairlinesamazonAppleblockchainBoeingchinaCMA CGMcontainerContainer shortageCovid-19covid19crisisDHLe-commerceEVFTAexportfedexgoodsinfrastructureInvestmentLNGlogisticsLogistics centerM&Amaerskportport congestionRAILWAYRussiaRussia-Ukraineseasupply chainSupply chain disruptiontechnologyThai AirwaysthailandtransporttransportationusvietnamVietnam AirlineswalmartWarehouse
ADVERTISEMENT

TIN TỨC PHỔ BIẾN

  • Uniqlo Supply Chain Management

    Uniqlo Supply Chain Management

    0 shares
    Share 0 Tweet 0
  • Certificates that advance your career in Logistics and supply chain management

    0 shares
    Share 0 Tweet 0
  • How Aviation Fuel Differs From Regular Fuel

    0 shares
    Share 0 Tweet 0
  • Cross-docking: The key to Walmart’s great success

    0 shares
    Share 0 Tweet 0
Facebook Twitter Youtube RSS
The Logistician

© 2021 Copyright The Logistician - Designed by Đông Đô Media.,JSC.

  • Login
  • Sign Up
  • What to read today?
  • Knowledge
  • Insight
  • Podcast
  • Blog
  • Document
  • Tiếng ViệtTiếng Việt

© 2021 Copyright The Logistician - Designed by Đông Đô Media.,JSC.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

-
00:00
00:00

Danh sách

Update Required Flash plugin
-
00:00
00:00