< PrevNext > 76. Nestle Vevey, Switzerland Share 2020 U.S.-Booked Air Volume: $10 millionMultinational food and beverage giant Nestle was one of the first companies to halt nearly all business travel in February 2020 in response to Covid-19, and it shows in its decline of its estimated U.S.-booked air volume from $50 million in 2019 to an estimated $10 million in 2020. The company’s CEO Mark Schneider told Reuters in September 2020 that some operational changes made during the pandemic were “here to stay, because if you can do something remotely with the same quality, there’s no need to travel.” He also noted in May 2021 during a conversation with JP Morgan that “when the travel restrictions are eased and more people go back to the office, we will not go back to a carbon copy of our lifestyles in the year 2019.”The company reported 2020 sales at 84.3 billion Swiss francs, or US$91.8 billion, an 8.8 percent decrease from 2019 sales. The company employed 273,000 employees as of Dec. 31, 2020, down 6.2 percent from 291,000 in the prior year. It also completed its acquisition of vitamin maker The Bountiful Company’s main brands in August 2021 for $5.75 billion. Nestle has committed to achieve net zero greenhouse gas emissions by 2050, and in December 2020, announced it would spend 3.2 billion Swiss francs, or US$3.58 billion, over the next five years to progress toward that goal. The company also said it wanted to offset all business travel by 2022. According to the company, Nestle USA was the first food and beverage company in the U.S. to achieve the WELL Health-Safety Rating seal for all three of its corporate locations, in recognition of its heightened focus on employee health, safety and wellness.