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Nestle Chairman Highlights Global Water Shortgage In World Economic Forum, Davos

Nestle SA (NSTR.L) Thursday highlighted the prospect of global water shortage and its cascading impacts in the World Economic Forum in Davos, Switzereland..

Speaking on behalf of the company, Chairman Peter Brabeck-Letmathe has highlighted the global water shortage in a speech at the Forum.

He warned that the water shortfall over the next two decades will reduce global cereal production by a third and could trigger social unrest.

The water shortage would intensify competition between countries for access to water, he said.

by RTT Staff Writer

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