VSNRY In The News: Nestlé is reorganising its global operations, with its digital strategy being given a complete overhaul.
Nestlé is reorganising its global operations, with its digital strategy being given a complete overhaul. But, asks Erika Morphy, will this be enough to reverse its recent poor performance?
Driven by unhappy investors and a market that has been dismayed by its financial performance, Nestlé has been taking aggressive steps to reorganise its global operations, and IT in particular.
This process has not been a pretty one, however, as it has entailed cutting hundreds of jobs in its home market of Switzerland – a bitter blow to both employees and to the local government (which had urged the company against this step). In response, Nestlé has promised to do what it can to mitigate some of the pain and is in talks with third parties and partners who have expressed an interest in recruiting its IT workers.
Save and transform
Despite this, Nestlé is determined to wrest something positive from these events. It is reorganising its IT department not just to consolidate and save money, but also to “accelerate its digital transformation”, according to a statement made in early 2018. As it does so, multinationals around the world will be watching with interest, considering the scale of the challenge.
Continue reading the full story at FDI Magazine, a publication by the Financial Times - click here.
Originally published at www.fdiintelligence.com