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Nestlé Streamlines R&D Operations To Speed Up Product Innovation

Published on May 24 2018 9:29 AM in A-Brands tagged: Featured Post / Nestlé / Paywall / Reorganisation / Nestlé Institute of Health Sciences / Stefan Palzer

Nestlé Streamlines R&D Operations To Speed Up Product Innovation

Food giant Nestlé plans to combine its scientific research operations into a single unit in an attempt to speed up development of new products at a time when competition from smaller rivals is intensifying.

The world's biggest packaged food maker, with brands including Nescafe coffee and Perrier water, has been struggling with slowing sales growth for years. Now it is also under pressure from activist shareholder Daniel Loeb to increase investor returns.

To better compete, the Swiss company told Reuters it would merge its Nestlé Research Centre and Nestlé Institute of Health Sciences (NIHS) into one organisation called Nestlé Research.

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