Nestle is raising prices, reformulating products, pursuing efficiency savings and eliminating items consumers are unwilling to pay more for as higher energy, freight and raw-material costs pressure suppliers after the six-month-old U.S.-Israeli war against Iran. CEO Philipp Navratil said the Middle East accounts for only about 2% to 3% of Nestle’s roughly 90 billion Swiss francs ($111 billion) in sales, limiting the direct sales impact while increasing input-cost pressure. The FAO Food Price Index, which tracks internationally traded food commodities, rose to 131.1 points in July from 130.3 in June, its highest level since January 2023. Nestle has more than 2,000 brands, recently sold a stake in its bottled-water business and is exiting vitamins as it focuses on core brands, though Navratil said the company remains open to strategic acquisitions. He also said food manufacturers should participate in India’s discussions on front-of-pack sugar, salt and fat warnings, arguing that labels should reflect portion sizes.