# If Nestlé S.A. moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/nestle · Facet: ripple · Updated: 2026-09-24T12:56:02.291402+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Nestlé S.A. is directly linked to 6 companies (3 supply, 3 revenue relationships) and reaches 9 companies within two hops; the links are backed by 12 dated sources, 3 of them primary filings (as of 2026-09-24).

Nestlé S.A. operates across Switzerland (SIX), Food & beverage, World's #1 staple. It is +11% in 2026. Demand side (avg -10.1%), the stock (+11%) and supply side (avg +26.3%) are moving in step. Propagation has completed a lap, so the next leg depends on individual results more than chain direction. Among connected nodes the furthest ahead is Starbucks Corp (+26.3%) and the furthest behind is E-mart Inc. (-17.1%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. A defensive dividend stock that has maintained or raised its dividend in Swiss francs for 65 years, it has essentially no AI exposure and moves only on the clock of consumer demand, commodities (coffee, cocoa) and foreign exchange (CHF).

## Demand chain (leading)
- T1 E-mart Inc. (https://valuechain.wiki/emart.md)
- T1 Walmart Inc (https://valuechain.wiki/walmart.md)
- T2 UnitedHealth Group Incorporated (https://valuechain.wiki/unitedhealth-group.md)
- T1 The Hershey Company (https://valuechain.wiki/hershey-company.md)

## Supply chain (benefiting)
- T1 Starbucks Corp (https://valuechain.wiki/starbucks.md)
- T2 Microsoft (https://valuechain.wiki/microsoft.md)
- T3 Seagate Technology (https://valuechain.wiki/seagate.md)
- T3 AMD (https://valuechain.wiki/amd.md)
- T3 TSMC (https://valuechain.wiki/tsmc.md)
- T3 Astera Labs (https://valuechain.wiki/astera-labs.md)
- T3 Intel (https://valuechain.wiki/intel.md)
- T3 Marvell (https://valuechain.wiki/marvell.md)
- T3 NVIDIA (https://valuechain.wiki/nvidia.md)
- T3 Quanta Computer (https://valuechain.wiki/quanta.md)
- T3 Credo Technology (https://valuechain.wiki/credo.md)
- T3 Foxconn (Hon Hai) (https://valuechain.wiki/foxconn.md)
- T3 Western Digital (https://valuechain.wiki/western-digital.md)
- T3 Arista Networks (https://valuechain.wiki/arista.md)
- T3 CoreWeave (https://valuechain.wiki/coreweave.md)
- T3 Constellation Energy (https://valuechain.wiki/constellation-energy.md)
- T3 OpenAI (https://valuechain.wiki/openai.md)
- T3 IREN (https://valuechain.wiki/iren.md)
- T3 IonQ (https://valuechain.wiki/ionq.md)
- T3 Wiwynn (https://valuechain.wiki/wiwynn.md)
- T3 Eaton (https://valuechain.wiki/eaton.md)
- T3 Schneider Electric (https://valuechain.wiki/schneider-electric.md)
- T3 GE Vernova (https://valuechain.wiki/ge-vernova.md)
- T3 Vertiv (https://valuechain.wiki/vertiv.md)
- T3 Ciena (https://valuechain.wiki/ciena.md)
- T3 Caterpillar (https://valuechain.wiki/caterpillar.md)
- T3 Nebius Group (https://valuechain.wiki/nebius.md)
- T3 Cummins (https://valuechain.wiki/cummins.md)
- T3 Super Micro (https://valuechain.wiki/super-micro.md)
- T3 Sumitomo Electric (https://valuechain.wiki/sumitomo-electric.md)
- T3 ABB (https://valuechain.wiki/abb.md)
- T3 Equinix (https://valuechain.wiki/equinix.md)
- T3 Digital Realty (https://valuechain.wiki/digital-realty.md)
- T3 Brookfield Asset Management Ltd. (https://valuechain.wiki/brookfield.md)
- T3 BlackRock (https://valuechain.wiki/blackrock.md)
- T3 Automatic Data Processing, Inc. (https://valuechain.wiki/automatic-data-processing.md)
- T3 3M Company (https://valuechain.wiki/3m.md)
- T3 Occidental Petroleum (https://valuechain.wiki/occidental-petroleum.md)
- T3 Take-Two Interactive Software, Inc. (https://valuechain.wiki/take-two-interactive.md)
- T3 Expedia Group, Inc. (https://valuechain.wiki/expedia-group.md)
- T3 WEC Energy Group (https://valuechain.wiki/wec-energy-group.md)
- T3 Legrand (https://valuechain.wiki/legrand.md)
- T1 Mettler-Toledo International Inc. (https://valuechain.wiki/mettler-toledo.md)
- T1 International Flavors & Fragrances (https://valuechain.wiki/international-flavors-fragrances.md)
- T2 DuPont (https://valuechain.wiki/dupont.md)
- T3 Qnity Electronics (https://valuechain.wiki/qnity-electronics.md)

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Full node: https://valuechain.wiki/nestle.md · JSON: https://valuechain.wiki/nestle.json