Nestlé in Mexico: how it built its business in nearly a century and plans to invest $2 billion to grow
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96 years after Nestlé's arrival in Mexico, the Swiss-origin company will seek to accelerate its expansion in the country with a new investment plan that could benefit thousands of coffee producers in Veracruz. President Claudia Sheinbaum announced the company's plans to double its investment in Mexico by 2030, increasing it from 1,000 to 2,000 million dollars. This initiative will expand a business that began to develop in the country in 1930, when the European brand started importing products into Mexico. However, its origins date back to Europe in the 19th century. In 1866, Henri Nestlé began marketing infant foods in Switzerland and founded a company that, in 1905, would merge with the Anglo-Swiss Condensed Milk Company to form the Nestlé Group. Following the merger, the company began operating with 20 production centers and expanded its activities abroad, mainly in Africa, Asia, Australia, and Latin America. However, before reaching Mexico, it would have to face a severe financial crisis. During the First World War, from 1914 to 1918, the Swiss brand registered an increase in demand for its products, especially condensed milk and chocolate, driven by military consumption. Nevertheless, the boom was temporary: upon the conflict's end, Nestlé's sales dropped, triggering a crisis that worsened in 1921. The company had to face a decade of instability and was also hit by the...
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