Nestle feeling the effects of worst inflation in decades

VEVEY, SWITZERLAND — A softening of food demand was to be expected in 2023 given the magnitude of food price inflation experienced over the past two years, said Ulf Mark Schneider, chief executive officer of Nestle SA.Schneider commented Feb. 22 on challenges experienced by Nestle and other food companies in connection with the release of the company’s financial results for last year.“We’re literally seeing a…