Company Overview of – Nestle, Walmart

Learning about successful multinational companies helps us get an insight into the effective running of a business. So let us gain some important information and learn about the history and philosophy of two important global companies – Nestle and Walmart.

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Nestle

Nestle is the largest food company in the world, in terms of revenue. It is a Swiss Company established in 1866 by its founder Henri Nestle. While its main foray is foods and drinks, it has hundreds of products, nearly 2000. Some of its most famous products and brands include Maggi, Kit Kat, Nespresso, Nescafe, etc.

The overall turnover for Nestle was approx 90 billion Swiss Franc in 2016. It operates 418 factories in 86 countries, employing nearly 339,000 people worldwide. Its products are available in 191 countries of the world.

Nestle also is a leading researcher in the field of nutritional sciences. It invests nearly 1.5 billion Francs yearly on research and development. Currently(October 2018), Nestle has 17 R&D and Testing centres worldwide.

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Philosophy

Nestle has a very simple and memorable mission – “Good Food, Good Life”. This mission encapsulates it’s an entire formula for such immense success – providing the most delicious and nutritious food and beverages to its customers, in a wide category of choices.

Portfolio

Nestle has a large variety of different products and brands in its portfolio. Let us just take a look at the few important ones,

• Nestle Waters: Nestle is one of the leading producers of bottled water. It has nearly 100 plants for bottled water in 35 countries. Some of these famous brands are Pure Life, Perrier, Vittel, etc.
• Cereal Partners Worldwide (CPW): This is Nestle’s joint venture with another major food company – General Mills. They produce breakfast cereals and baby food products like Cerelac, Cookie Crisp, Gerber, etc.
• Nestle Health Science: Nestle has been one of the pioneers in nutritional sciences. They produce foods such as Boost, Meritene, Nutrin Junio, etc to promote pediatric care, brain health, etc.
• Nestle Nespresso: This sector was launched in 1986. It allows customers to make their perfect cup of coffee. This includes Nescafe, Nescafe Gold, Nescafe Classic, Nescafe Decaff, etc

Walmart

Walmart is a company that operates chains of multiple supermarkets, retail stores, discount stores, and even online stores. It is an American company that was established in 1962 in Arkansas USA. It was founded by Sam Walton.

Currently(October 2018), Walmart is the world’s largest company in the world, with a revenue of almost 500 billion USD. It employs nearly 2.3 million employees worldwide, making it the largest employer in the world. As of 2018, Walmart has 11718 stores in 28 countries of the world under different brand names.

Philosophy

Walmart has a very simple and to the point slogan of “Save Money. Live Better”. This represents their Vision of being the best retailer in the minds and the hearts of the consumers. Their mission is to ensure their customers save money and live their best lives.

Walmart in India

Walmart has a presence in India under the brand name of Best Price Modern Wholesale stores. And they have approx 20 stores across 9 states in India. In 2014 they even launched a B2B e-commerce platform.

Recently Walmart has become the largest shareholder in India e-commerce giants Flipkart. It was said to be the biggest e-commerce acquisition in the world. So now Walmart is about to fully enter the Indian market and exploit the immense available opportunities

Solved Question on Walmart

Q: Walmart now owns ____% of Flipkart

1. 51
2. 49
3. 75
4. 77

Ans: The correct option is D. Walmart is now the biggest shareholder of Flipkart, owning 77% of the company.