PepsiCo is a global food and beverage company with a portfolio of over 22 brands, including Pepsi, Frito-Lay, Gatorade, Tropicana, and Quaker Oats. The company was founded in 1898 by Caleb Bradham, a pharmacist who created a new drink called “Pepsi-Cola,” which eventually became one of the world’s most popular soft drinks. In response PepsiCo has made public comments on its commitment to minimizing their impact but has not released public information documenting progress on most of its public commitments.
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 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.
Acquisitions and divestments
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.
PepsiCo on Track for Growth on Innovation and International Expansion, Despite Near-Term Challenges
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.
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.
Does Recent PepsiCo Rally Signal a Shift in Market Sentiment for 2025?
They strive to meet diverse consumer preferences and provide enjoyable experiences through their portfolio of food and beverage offerings. PepsiCo’s vision is to be the global leader in beverages and convenient foods by winning with PepsiCo Positive (pep+). Pep+ represents their strategic end-to-end transformation that prioritizes sustainability and human capital, aiming to create value and growth while operating within planetary boundaries and driving positive change for the planet and people.
- 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.
- SodaStream, which PepsiCo acquired in 2018, is based in Israel, while Sabra (which PepsiCo co-owns with the Israeli food conglomerate Strauss Group) holds a 60% market share for hummus sales in the United States as of 2015.8687 The Strauss Group produces and distributes Frito-Lay products in Israel.
- The company also expanded its presence in the Middle East and Asia, where it established joint ventures and partnerships with local companies.
- 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.
Packaging and recycling
PBG had the exclusive right to manufacture, sell and distribute Pepsi-Cola beverages in all or a portion of 43 states, the District of Columbia, nine Canadian provinces, Spain, Greece, Russia, Turkey and Mexico. SodaStream, which PepsiCo acquired in 2018, is based in Israel, while Sabra (which PepsiCo co-owns with the Israeli food conglomerate Strauss Group) holds a 60% market share for hummus sales in the United States as of 2015.8687 The Strauss Group produces and distributes Frito-Lay products in Israel. The first Pepsi-Cola was created by Caleb D. Bradham (1866–1934), a pharmacist in New Bern, North Carolina. Hoping to duplicate the recent success of Coca-Cola, Bradham named his sweet cola-flavored carbonated beverage Pepsi-Cola in 1898.
Toddy (PepsiCo)
- They value their employees and recognize the pivotal role they play in the company’s success.
- 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.
- 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.
- Hoping to duplicate the recent success of Coca-Cola, Bradham named his sweet cola-flavored carbonated beverage Pepsi-Cola in 1898.
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.
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.
PepsiCo is dedicated to delivering sustainable top-tier Total Shareholder Return (TSR) and upholding best-in-class corporate governance. They aim to create long-term value for their shareholders while maintaining transparency and accountability in their business practices. Toddynho (a fusion of Toddy + Portuguese diminutive suffix -inho) is a line of pre-mixed chocolate milk products also manufactured by PepsiCo.567 It was launched in 1982,8 with children as the target audience. The drink is more well-known than the traditional Toddy, and is distributed in packages of 200 ml. PepsiCo, Inc. was founded in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc., by Donald M. Kendall Sr. and Herman W. Lay, and is headquartered in Purchase, New York. The two companies had roots dating back to 1898, and the newly formed PepsiCo quickly became one of the largest beverage companies in North America.
United States
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.
PepsiCo and controversies: Sustainability and social issues
By prioritizing their workforce, PepsiCo aims to foster a culture of excellence, innovation, and collaboration. They strive to provide opportunities for growth, development, and personal fulfillment, creating an environment where individuals can thrive and contribute their best. By pepsico wiki integrating sustainability into their business practices, PepsiCo aims to inspire positive change, contributing to a better world for current and future generations. They are committed to conserving nature’s precious resources, reducing their environmental footprint, and fostering a more sustainable planet for future generations. They continually strive to implement sustainable practices across their operations and supply chain.
In the 1970s, PepsiCo continued to expand its product line, acquiring several other companies, including Pizza Hut, Taco Bell, and Kentucky Fried Chicken (KFC). These fast-food chains became part of a new division of PepsiCo called PepsiCo Restaurants, which would eventually be spun off into a separate company known as Yum! Brands. In 1977, PepsiCo introduced a new product called Slice, a fruit-flavored soda that would compete with Coca-Cola’s Fanta brand. The Pepsi Bottling Group, Inc. was the world’s largest bottler of Pepsi-Cola beverages. PBG sales of Pepsi-Cola beverages accounted for more than one-half of the Pepsi-Cola beverages sold in the United States and Canada and about 40 percent worldwide.