Editor
The two largest makers of consumer goods have been hit by shoppers around the world tightening their budgets and turning to supermarkets’ own-brand products, with Nestlé warning that prices would have to rise further.
Sales volumes at Switzerland’s Nestlé and US-based Procter & Gamble fell in the third quarter as inflation continued to surge and consumers’ tolerance for steep price increases began to crack.
Mark Schneider, chief…
