On October 14, 2008, PepsiCo Inc. announced that it would be cutting jobs and closing factories to give it some “breathing room” to navigate the volatility that has permeated all corners of the global economy. The maker of Pepsi-Cola, Doritos and Sun Chips said it planned to eliminate 3,300 jobs and shutter six plants in an effort to save $1.2 billion over three years. PepsiCo Palm Oil Commitments134 published in May 2014 were welcomed by media as a positive step towards ensuring that the company’s palm oil purchases will not contribute to deforestation and human rights abuses in the palm oil industry. NGOs warned135 that the commitments did not go far enough, and in light of the deforestation crisis in Southeast Asia, have called on the company to close the gaps in its policies immediately. Through its wide range of products and services, PepsiCo aims to cater to diverse consumer preferences and needs while continually innovating and adapting to changing market trends.
Frito-Lay North America
In 1998 PepsiCo purchased Smith’s Snackfood Company from United Biscuits.88 In 2006 PepsiCo purchased Bluebird Foods from Burns Philp.89PepsiCo Indonesia started production in a plant at Cikarang, Indonesia in March 2025. On March 15, 1933, Pedro Erasmo Santiago was licensed by the provisory government of Getúlio Vargas to commercialize the product in Brazil. He created innovative advertising campaigns, including skywriting the product name over the skies of Rio de Janeiro. They value their employees and recognize the pivotal role they play in the company’s success.
Latin America
PepsiCo has advertised its efforts to be more environmentally and socially friendly, touting what it calls “performance with a purpose”—investments in racial equality, commitments to better water and land use, and a target of 100% renewable energy by pepsico wiki 2030. Former top executives at PepsiCo include Steven Reinemund, Roger Enrico, D. Wayne Calloway, John Sculley, Michael H. Jordan, Donald M. Kendall, Christopher A. Sinclair, Irene Rosenfeld, David C. Novak, Brenda C. Barnes, and Alfred Steele. After his death on February 8, 1966, his youngest son, Erasmo Julian Santiago Mejia, (August 12th 1936-February 12, 2008) took over the operations, later selling the companies in Venezuela due to pressure from the national government and banks in 1986. They aim to drive game-changing innovation, working closely with their customers to develop mutually beneficial strategies and solutions. They aspire to deliver a level of growth that sets them apart in the industry, contributing to the success of their partners. On February 19, 2009, PepsiCo announced a multiyear distribution agreement with Rockstar Energy Drink.
In the early 2000s, PepsiCo continued to diversify its product line and expand globally. In 2001, it acquired the Quaker Oats Company’s snack food division, which included popular brands such as Rice-A-Roni and Quaker Chewy Granola Bars. In 2006, PepsiCo purchased Izze Beverage Company, a maker of natural fruit drinks, and in 2008, it acquired Naked Juice, a producer of organic juice and smoothies. The company also expanded its presence in the Middle East and Asia, where it established joint ventures and partnerships with local companies. PepsiCo, Inc., based in Purchase, New York, is one of the world’s largest food and beverage companies. PepsiCo is known for its Frito-Lay snack food brands, soft drinks under its Gatorade, Mountain Dew, and namesake Pepsi brands, and cereal products under its Quaker Oats subsidiary.
Was there a potential character change in the stock market on July 28? Stock
- On November 19, 2008, The Pepsi Bottling Group announced it was cutting costs as part of a multiyear restructuring program to improve efficiencies in its global operations.
- As result of this venture into juice production, in the 1950s Pedro Erasmo Santiago established the largest orange juice processing and juice concentrate facility in the world, Suconasa, today Cutrale, established in Brazil.
- In November 2014, the firm’s president Zein Abdalla announced he would be stepping down from his position at the firm by the end of 2014.94 In 2017, Ramon Laguarta became the president and became its CEO in 2018.
- PepsiCo, Inc., based in Purchase, New York, is one of the world’s largest food and beverage companies.
- PepsiCo’s vision is to be the global leader in beverages and convenient foods by winning with PepsiCo Positive (pep+).
In 1950 Alfred N. Steele (1901–59), a former vice president of the Coca-Cola Company and the husband of actress Joan Crawford, became chief executive officer. His emphasis on giant advertising campaigns and sales promotions increased Pepsi-Cola’s net earnings 11-fold during the 1950s and made it the chief competitor of Coca-Cola. (After Steele’s death, his wife, actress Joan Crawford, became an active director of the company.) In 1965 Pepsi-Cola merged with Frito-Lay, Inc., the maker of snack foods such as Fritos, Doritos, Lay’s potato chips, and Rold Gold pretzels. Looking to add more products that were considered healthier, PepsiCo acquired the Tropicana and Dole juice brands from the Seagram Company in 1998, and in 2001 it merged with the Quaker Oats company to form a new division, Quaker Foods and Beverages. With the merger, PepsiCo’s popular brands included Pepsi cola, Frito-Lay snack products, Lipton Tea, Tropicana juices, Gatorade sports drinks, Quaker Oats cereals, and Rold Gold pretzels. In the 1980s and 1990s, PepsiCo focused on global expansion, particularly in developing countries.
In 2018, the company launched Bubly, a line of flavored sparkling water, and it has continued to innovate in the beverage category with new products such as Pepsi Zero Sugar and Gatorade Zero. With over $86 billion in annual revenue and more than 300,000 employees worldwide, PepsiCo is a global leader in the food and beverage industry. The company has a strong presence in both developed and emerging markets, and it continues to innovate and introduce new products to meet changing consumer preferences. Over the years, PepsiCo has diversified its product line, acquiring several other companies and expanding into new categories such as snacks, breakfast foods, and fast food.
Rockstar was to be distributed by The Pepsi Bottling Group, PepsiAmericas, Pepsi Bottling Ventures and other independent Pepsi-Cola bottlers in most of the United States and all of Canada. On February 10, 2009, The Pepsi Bottling Group Inc. reported a net loss of $271 million in the fourth quarter and projected 2009 earnings below analysts’ expectations. This includes a net after-tax charge of $336 million, due to restructuring, and a non-cash asset impairment charge related primarily to PBG’s business in Mexico. In November 2014, the firm’s president Zein Abdalla announced he would be stepping down from his position at the firm by the end of 2014.94 In 2017, Ramon Laguarta became the president and became its CEO in 2018.
PepsiCo, Inc. Overview Beverages – Non-Alcoholic / Consumer Defensive
- The company’s beverage distribution and bottling is conducted by PepsiCo as well as by licensed bottlers in certain regions.
- In 2006, PepsiCo purchased Izze Beverage Company, a maker of natural fruit drinks, and in 2008, it acquired Naked Juice, a producer of organic juice and smoothies.
- In 1998, PepsiCo merged with Tropicana Products, a leading producer of orange juice, and in 2000, it acquired Quaker Oats Company, which gave it control of the popular Gatorade sports drink brand.
- On March 15, 1933, Pedro Erasmo Santiago was licensed by the provisory government of Getúlio Vargas to commercialize the product in Brazil.
Today, the company is focused on sustainability and health and wellness initiatives, and it has set ambitious goals to reduce its environmental impact and offer healthier options for consumers. On September 30, 2008, The Pepsi Bottling Group Inc. said that third-quarter earnings fell to $231 million, or $1.06 a share, compared to $260 million, or $1.12 a share, in the same period a year prior. The year-prior period included a 14-cent-a-share gain due to a tax benefit and restructuring charges. Eric Foss, chief executive officer, said that soft consumer demand in the US had spread during the third quarter “across geographies” leading to sales volume declines in Europe and Mexico. He cited economic factors ranging from economic volatility and the impact of food inflation in Russia, to the effects of the housing slump in Spain. In Mexico, where case volumes were down 9 per cent, he noted that cash remittances from the US had fallen to their lowest level in over a decade, leading to declines in consumer confidence.
Environmental record
The company also introduced new products, such as caffeine-free Diet Pepsi and Crystal Pepsi, a clear cola that was marketed as a healthier alternative to traditional colas. In 1998, PepsiCo merged with Tropicana Products, a leading producer of orange juice, and in 2000, it acquired Quaker Oats Company, which gave it control of the popular Gatorade sports drink brand. By the end of the 1990s, PepsiCo had become a global conglomerate with a diverse range of products, including soft drinks, snacks, fast food, and breakfast foods.
In recent years, PepsiCo has focused on sustainability and health and wellness initiatives. The company has committed to reducing its carbon emissions and water usage, and it has set a goal to make all of its packaging recyclable, compostable, or biodegradable by 2025. PepsiCo has also introduced healthier snack options, such as Baked Lay’s potato chips and Smartfood popcorn, and it has reduced the sodium content in many of its products.
As result of this venture into juice production, in the 1950s Pedro Erasmo Santiago established the largest orange juice processing and juice concentrate facility in the world, Suconasa, today Cutrale, established in Brazil. On November 19, 2008, The Pepsi Bottling Group announced it was cutting costs as part of a multiyear restructuring program to improve efficiencies in its global operations. Under its “Structured to Succeed” program, 3,150 employees, or 4.5% of its workers, would lose their jobs. About 750 jobs were expected to be cut in Pepsi Bottling’s U.S. and Canada operations, including the closure of four facilities in the U.S. In Europe, operation streamlining would impact 200 jobs, while in Mexico, the closure of three plants, 30 distribution centers and 700 routes would impact 2,200 jobs.
PepsiCo Beverages North America
Although its product lineup skews more toward flavor than nutrition, the company has demonstrated a willingness to adapt its brands to changing—and regional—tastes and preferences. Today, PepsiCo is one of the world’s largest food and beverage companies, with a portfolio of over 500 brands that generate more than $86 billion in annual revenue and employ over 300,000 people worldwide. For consumers, PepsiCo aims to create joyful moments by offering delicious and nourishing products and delivering unique brand experiences.
Distribution to children
The company’s sales exceeded $20 billion per year, and it employed over 150,000 people worldwide. As of January 2021, the company possesses 23 brands that have over 1 billion $ each in sales annually.3 PepsiCo has operations all around the world and its products were distributed across more than 200 countries and territories, resulting in annual net revenues of over US$70 billion. PepsiCo is the second-largest food and beverage business in the world based on net revenue, profit, and market capitalization, behind Nestlé. In 2023, the company’s seat in the Forbes Global 2000 was 82.4 PepsiCo’s flagship product, Pepsi Cola, has been engaged in a rivalry for generations with Coca-Cola; it is commonly referred to as the cola wars. Although Coca-Cola outsells Pepsi Cola in the United States, PepsiCo within the North American market is the largest food and beverage company by net revenue. The company’s beverage distribution and bottling is conducted by PepsiCo as well as by licensed bottlers in certain regions.