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268 268  In a list created by mbaSKOOL in 2022 of top 10 FMCG (Fast Moving Consumer Goods) companies in the world puts Johnson & Johnson at the top of it considering the revenue, profit and number of brands. J&J posted revenue of $93.7 billion in 2020 with 90 brands. Second in the list is Nestlé AG which has posted an annual revenue of $91.4 billion and 2000 brands in total. The list goes on by listing Procter & Gamble as the third in this list, followed by Pepsi Co., JBS, Unilever, AB InBev, Tyson Foods, Coca Cola and L’Oréal S.A.{{footnote}}https://www.mbaskool.com/fun-corner/top-brand-lists/17609-top-10-fmcg-companies-in-the-world.html{{/footnote}}
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270 +Nestlé has unmatched research and development capability than its competitors. Strong geographic presence of the company makes it stand out. Localised products are designed to match the test of the people in different areas in a different way. The brands that Nestlé has established are unparallel and they are familiar all around the world. The company makes an active effort to be environmentally sustainable like all the other companies.
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272 +However, the company is often criticised for several reasons like high water usage, anti-unionism, selling contaminated food, forced child labour and other unethical practices. The company is criticised for taking water off California to operate its bottled water business – Nestlé Waters North America (now Blue Triton after being acquired by a private equity firm in April 2021{{footnote}}https://www.nytimes.com/2021/04/29/us/nestle-water-california.html{{/footnote}}
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