Nestle's CEO Mark Schneider expresses that they are experiencing similar problems in China with respect to infant formula sales referencing a decline in sales growth in China at a 'high single digit rate'. They remain cautiously optimistic.
Meanwhile we are experiencing 45% organic growth in China MBS shows that we are doing something right.
https://www.just-food.com/analysis/china-becomes-nestles-problem-child-as-schneider-eyes-growth-target_id145248.aspx
Do Nestle have a similar dependence on Daigou and/or MBS? Would be good to see the data.
Nestle's CEO Mark Schneider expresses that they are experiencing...
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