This article was originally published by FoodNavigator.
As global consumer packaged goods (CPG) giants like Nestlé, Mars, Unilever, Ferrero, and Kraft Heinz face mounting pressure to adapt, a wave of strategic restructuring is reshaping the industry. Nestlé is undergoing layoffs and operational streamlining, while Kraft Heinz is pursuing a major demerger. Mars is shifting its focus toward food and nutrition, signaling a broader pivot across the sector. These moves reflect a response to evolving consumer demands, financial constraints, and the need for greater agility. Issy Perez, Managing Partner at Boyden, says, "Most food and beverage companies are struggling to increase revenue and are focusing on cost-cutting measures. We might see more companies sell non-core assets to reduce costs, similar to Unilever, which is streamlining its portfolio and focusing on premium brands within beauty, wellbeing, and personal care."
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