I see Nestle as stronger in the long term, they are also the big player in the "water business", nobody will be able to get past them. However, I see both of them as dangerous in the food business, where they will have to change/re-adapt to the new generation of customers - sugar bombs, misleading children in marketing, etc. They will probably (have to) succeed, because at the end of the day the consumer determines the product range.
They will probably (have to) succeed, because at the end of the day the consumer determines the product range. I could also imagine that they could play a role in the marketing of synthetic foods (as soon as it is understood that they will be relevant in the future)
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@TomCOR Personally, I also see Nestlé as more interesting. The water business is definitely a major argument, I absolutely agree with you, but also in general that they make a higher proportion of their sales from food than Unilever, which makes more of its sales from hygiene products than Nestlé.

In my opinion, however, Nestlé is even more "despised" and needs to work hard on its image. In addition to your example of the sugar bombs in baby food in the Third World, there is also the privatization of water sources in poor rural regions.