Big global brands Pepsico Inc. and Levi Strauss & Co. told investors this week they offset inflation with price increases, but rising costs of everything from aluminum to cotton signal tighter times ahead for consumer goods companies. Freight costs and raw material prices have surged this year across industries due to global supply chain disruptions,…
PepsiCo Warns of Another Price Increase as Supply Disruptions Linger
PepsiCo Inc. said on Tuesday it would likely raise prices again early next year, as it looks to overcome ever increasing supply-chain challenges that include everything from a shortage of Gatorade bottles to a lack of truck drivers. Chief Financial Officer Hugh Johnston told Reuters that PepsiCo had to “scramble” to overcome a shortage of…
PepsiCo to Sell Tropicana, Other Juice Brands for $3.3 Billion
August 3, 2021
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PepsiCo unveiled a $3.3 billion sale of its Tropicana and other juice brands in North America to French private equity firm PAI Partners on Tuesday, as it looks to simplify its product range and move away from high-sugar drinks. The company, which bought the orange juice maker in 1998 for roughly $3.3 billion and U.S.-based…
IBM, 3M, PepsiCo Among Leading US Firms That House Chinese Communist Party Units: Leaked Database
Hundreds of Chinese Communist Party (CCP) members are embedded within the Chinese divisions of major U.S. corporations, from IBM to PepsiCo to 3M, a leaked CCP-member database revealed. The existence of Party units within foreign companies in China is hardly surprising, given that the regime mandates any organization with at least three CCP members to…
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