PETALING JAYA: Nestle (Malaysia) Bhd is not planning to raise product prices for the remainder of the year. Chief executive officer Juan Aranols says any adjustments to pricing remained a \u201clast resort\u201d because of the impact on Malaysian households\u2019 purchasing power.<\/p>\n
\u201cWe have recently very explicitly said that we are not planning for price increases in the balance of the year, and that remains totally valid,\u201d he said after its Nestle Sustainability, Connected\u201d event yesterday.<\/p>\n
Aranols said Nestle Malaysia had been able to maintain uninterrupted product supply despite the Middle East crisis through business continuity plans developed over several years.<\/p>\n
He said the company had alternative suppliers that could be activated when its primary sources encountered disruptions.<\/p>\n
\u201cIf you have one problem with supplier A, you have alternatives to move on quickly and activate them, so you move to B or C,\u201d he said. Aranols added Nestle Malaysia was not experiencing shortages of raw materials for its manufacturing operations.<\/p>\n
Meanwhile, the company has reduced its greenhouse gas (GHG) emissions by 31% from its 2018 baseline, surpassing its interim target of a 20% reduction by 2025.<\/p>\n
Aranols said the improvement reflected a broad range of measures covering factories, logistics, agricultural supply chains, renewable electricity and manufacturing efficiency.<\/p>\n
\u201cIt is not just about reducing the carbon impact of our factories or logistics, but also addressing the agricultural and farming supply chain,\u201d he said.<\/p>\n
He noted dairy farming and rice production could contribute substantially to methane and other GHG emissions.<\/p>\n
The company is also reducing water and energy consumption for each unit of product manufactured while working with suppliers to lower emissions across global commodity supply chains.<\/p>\n
Aranols declined to provide a specific figure for the investments required to meet Nestle Malaysia\u2019s climate goals, describing the programme as a continuing, long-term effort.<\/p>\n
He said the adoption of more sustainable materials could initially cost more, as seen when the company moved from plastic to paper straws, although costs could fall as production scales and more suppliers enter the market.<\/p>\n
\u201cThis is not about the bottom line: it is about the future and the resilience of supply chains,\u201d he said. Aranols warned climate change could make agricultural harvests more volatile and reduce the predictability of food supplies.<\/p>\n
Nestle Malaysia is targeting a 50% reduction in GHG emissions by 2030 before reaching net-zero emissions by 2050. The company said the 31% reduction was supported by its transition to 100% renewable electricity, manufacturing improvements, regenerative agriculture, sustainable sourcing and circular packaging initiatives.<\/p>\n","protected":false},"excerpt":{"rendered":"PETALING JAYA: Nestle (Malaysia) Bhd is not planning to raise product prices for the remainder of the year.…\n","protected":false},"author":2,"featured_media":111414,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[126],"tags":[4123,29412,52307,199,47484],"class_list":["post-111413","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nestle","tag-consumer","tag-corporate-news","tag-fb","tag-nestle","tag-spending"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/117034502385340611","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/111413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=111413"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/111413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/111414"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=111413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=111413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=111413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}