Nestl is strengthening its ice cream business in China with aRMB100 million (more thanCHF 15 million) investment in its factories in Tianjin and Guangzhou.
Globally, more than 500 million smallholder farms produce about 80 percent of the food consumed in Asia and sub-Saharan Africa.Some smallholders in Africa are leveraging a new software platform that allows them to easily manage the tracking of their own produce from farm to factory.
The company will make a $1B investment in technology and supply chain, after the overwhelming demand for the launch of its Lilly Pulitzer collection shed a light on its digital capabilities.