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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.