Nestle launches global procurement hub in Malaysia

PETALING JAYA: Food and beverage manufacturer Nestlé today launched its global procurement hub in Malaysia, which will source required ingredients, materials and services from around the world to supply the needs of over 100 countries globally.
As a key Asian market for Nestlé, Malaysia was selected to host one of the group’s three global procurement hubs, known as “Nestrade”, it said in a statement.
Around 130 staff have been employed in the Malaysia Hub to oversee and conduct procurement activities for its markets across the globe.
Nestlé SA executive vice-president and head of operations Dr Magdi Batato said the new global procurement hub will provide the group with enhanced strategic procurement support, delivering competitive and innovative solutions to help drive its overall objective for sustainable growth.
“Given Malaysia’s proven track record of success, it is the ideal country for this hub, with all the right elements, which will enable us to realise our vision to deliver procurement excellence for Nestlé,” he added.
In addition, the head of Nestrade procurement hub – Malaysia Rahul Vashistha said the the global procurement hub in the country is part of the group’s Procurement Vision 2020, which aims to increase value creation for the Nestlé business.