'Deeper And More Complex' – Nestlé CEO Bemoans VMS Supply Chain Problems

 
• By Tom Gallen

Supply problems for Nestlé’s US dietary supplement brands “were more fundamental than initially we have estimated,” according to CEO Mark Schneider. Nestlé now expects the issue – first flagged up last year – won’t be fully resolved until the end of the first half of 2024.

• Source: Shutterstock

Nestlé CEO Mark Schneider has conveyed his disappointment that supply chain problems impacting the firm’s vitamin, mineral and supplement sales in North America have not been resolved more quickly.

“I can only express my regrets,” he told the Swiss firm’s full year earnings call. “If you're sensing a certain...

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