Nestle CEO does not see 'significant' baby formula shortages outside U.S. - Reuters

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A U.S. Air Force C-17 Globemaster III carries pallets of Nestle infant formula bound for Indianapolis during Operation Fly Formula, at Ramstein Air Base, Germany, May 22, 2022. U.S. Air Force/Staff Sgt. Jacob Wongwai/Handout via REUTERS

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ZURICH, May 30 (Reuters) - Nestle (NESN.S) does not expect "significant infant formula shortages" in other markets the Swiss food maker serves outside the United States, Chief Executive Mark Schneider said in an interview Monday.

"This was very much a domestic situation caused by the outage of a large facility in the U.S.," Schneider said, after a shortage hit the U.S. market. "It's not like we're taking this away from other consumers elsewhere - we had the product."

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Reporting by Silke Koltrowitz; Additional reporting by Richa Naidu; Editing by Edmund Blair

Our Standards: The Thomson Reuters Trust Principles.

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