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I believe that Nestlé Malaysia’s revenue will continue to decline for two main reasons. First, rising costs have increased operational pressure. Second, the prolonged boycott by the Muslim community has reshaped the market landscape. Competitor brands have seized the opportunity to capture market share, and consumers have gradually adapted to life without Nestlé, no longer relying on its products. This situation is not unique to Nestlé—other boycotted brands are facing the same challenges, and this has become an undeniable reality.
The Muslims boycotting Milo n Nescafe due to Gaza incident or just felt that Milo keep increasing prices then shift to other brands? Maggi mee still selling well.. Nestle poor quarterly results for 3 quarters deserved to drop below $80...
Well the management passed the rising costs to consumers in the form of price increase. I am sure if the management cut their own bonus and salary - they can retain and not increase the prices.
The employee benefits in 2023 is 739.9m vs 2022 is 647.2m. Their directors remuneration increased from 12.1m to 13.8m. They can certainly cut their bonuses and salaries to contain the prices. Why should we consumers fund their greed espcially in the climate of uncontrollable rise of cost of living now?
Many large size companies like to lay off employees, push up prices but top management paid still maintain or even increase slightly.. Lack of mechanism to check n to reduce their compensation package (can cut their performance bonus, option n others)..