PepsiCO

PepsiCo bets on AI across China operations to boost efficiency

BEVERAGES giant PepsiCo is deploying artificial intelligence (AI) across its operations in China and beyond to improve efficiency, Anne Tse, its head for the Asia-Pacific region, said.

PepsiCo utilises a network of independent bottlers, but also operates many company-owned bottling businesses, which some investors would like to see it shed.

PepsiCo plans layoffs as it looks to wrap up Elliott talks

Companies have frequently requested staff to work from home in recent years ahead of layoffs

PepsiCo is working to diversify away from its standard soda and snacks by making acquisitions of healthier brands.

PepsiCo to acquire soda brand Poppi for nearly US$2 billion

The soda startup uses prebiotics, fruit juice and apple cider vinegar and its drinks have five grams of sugar or less per serving

Tan Wern-Yuen has helmed PepsiCo's Asia-Pacific operations for nearly five years.

PepsiCo’s Apac CEO Tan Wern-Yuen to join Hillhouse Investment

He will lead the global consumer and retail team at the private equity firm

Alterno, winner of the 2024 edition of the Greenhouse Accelerator, provides thermal energy storage solutions using sand battery technology.
TAKING HEART

PepsiCo’s Greenhouse Accelerator supports early-stage startups in sustainability

10 finalists can pitch their innovations to executives, venture capitalists and investors, with the winner securing an extra US$100,000 grant

A survey by New York Attorney General Letitia James’ office found that PepsiCo’s plastic packaging was by far the greatest source of Buffalo River plastic pollution, three times as abundant as the next contributor, McDonald’s.

New York appeals dismissed PepsiCo plastic pollution suit

NEW York state this week appealed the dismissal of a pollution lawsuit against soda giant PepsiCo, accusing its single-use plastic packaging of posing a scourge on waterways and public health.

According to the lawsuit, Pepsi and Coca-Cola should be required to pay penalties for engaging in unfair and deceptive business practices.

Los Angeles County sues PepsiCo and Coca-Cola over plastic pollution

LOS Angeles County has sued beverage makers PepsiCo and Coca-Cola, accusing them of polluting the most populous US county with plastic bottles and misleading the public about the environmental impact ...

A rise in prices for food and other products has forced consumers to curtail their spending habits, opt for smaller packages and portions, and shop less at convenience stores, which typically account for a bigger portion of PepsiCo’s beverage sales.

PepsiCo trims sales forecast as customers tighten purse strings on snacks, sodas

It now expects organic sales to grow in a low single-digit range for fiscal 2024

The North America beverages segment is PepsiCo's largest unit, making up 30.3 per cent of 2023 fiscal revenue.

PepsiCo quarterly revenue misses estimates on weak demand for snacks, sodas

Customers are choosing smaller packs and cheaper alternatives, such as those by private labels

The recall, which started late last year and included 22 million cases of Quaker Chewy Bars, has continued to weigh on Pepsi’s results.

Quaker Oats recall sparked by factory where salmonella festered for years

THE PepsiCo factory that sparked a massive recall for its Quaker Oats brand came after the company let salmonella fester at the facility for as long as four years, according to US regulators.