3. Company Profile
Founded in : 1866; 154 years ago (as Anglo-Swiss Condensed Milk Company)
1867; 153 years ago (as Farine Lactée Henri Nestlé)
1905; 115 years ago (as Nestlé and Anglo-Swiss Condensed Milk Company)
Founders: : Henri Nestle
Industry : Food Processing
Headquarters : Vevey, Vaud, Switzerland
Key people : Paul Bulcke (Chairman)
Ulf Mark Schneider (CEO)
Products : Baby food, coffee, dairy products, breakfast cereals, pet foods etc.
Net income : CHF10.46 billion (2018)
Employees : 3,52,000 (2019)
8. Mission Statement
• "We strive to bring consumers foods that are safe, of high
quality and provide optimal nutrient to meet physiological
need. Nestle helps provide selections for all individual
taste and lifestyle preferences.“
• Motto:
"Good Food, Good Life."
9. Vision Statement
"Nestlé's aim is to meet the various needs of the
consumer everyday by marketing and selling
foods of a consistently high quality."
16. Pricing strategy of Nestle varies according to the geographical market
as well as packaging and target market.
It includes a wide range of pricing strategy, and by doing this they can
maintain their products rates at a sustainable position.
There are different pricing strategies that Nestle uses for its products.
17. Competitive Pricing
Majority of the products offered by Nestle are provided at competitive pricing. Nestle
Maggi, Nestle KitKat, etc are offered at competitive prices in the market.
Skimming Pricing
Products like Nestle A+ Slim, Nescafe Coffee etc are few products which are offered
are a price higher than their competitors. These products are targeted towards
individuals who are health conscious and fitness enthusiast.
18. Nestle products have their main business area in Europe from where they get
almost 90% of the sales and revenues.
It is running globally, its setup being run in 86 countries.
Sales takes place through retail & wholesale distribution.
It products are available in all its variety at the maximum outlets, as company
is always looking forward to expand its outlets.
Online Channels: Apart from having an extensive chain of Dealers and
retailers, Nestle also offers products through online channels. Nestle has
partnered with different online partners to reach out to a wider audience base.
Place Mix
19. Nestle regularly uses TVC's and ATL marketing and Digital channels for creating
awareness and promoting their products.
It also conducts the tradeshows, concerts, events, sponsorships and discounts for sale
promotion.
One of the most widely known tunes is the Nescafe tune. It was one of the best
advertising campaigns and was launched at least 2 decades back. However, that
campaign brought Nescafe strongly in the market.
Nestle focuses on its strength which is Maggi, Nescafe and Kit Kat which are the
most promoted brands in the market on ground level.
Promotion Mix