PepsiCo accelerates transition to electric mobility, launches new US$40m scholarship program for Black and Hispanic students

US – American multinational snack and beverage company, PepsiCo is moving beyond the electric truck pilot program and is embarking on a large-scale transition of its fleet to electric and other zero-emission technologies. According to a report by GreenBiz, the maker of Pepsi Soda, has a goal of converting a large portion of the 27,000 trucks and vans that move its products to more sustainable technologies. At the moment, the company through its Frito-Lay snack food division, is using a manufacturing facility in Modesto, California, as a testbed to try…

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US cheese maker Bel launches plant-based brand as PepsiCo refreshes its own to attract more customers

US – Competition in the US plant-based market is set to rise even higher following the decision by US-based French cheesemaker Bel Group and beverage company Pepsico to intensify their activity in the plant-based market. Bel Group is launching Nurishh, the company’s first 100% plant-based cheese brand while PepsiCo is overhauling its own plant-based brand, Evolve in bid to make it a household name “Nurishh really delivers on both taste and functionality. It strikes the balance between genuine cheesy taste and meltability, while also giving the comfort of being a…

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PepsiCo’s Naked Juice launches two new smoothies in UK as Pepsi adds mango to its permanent beverages lineup

UK – PepsiCo’s Naked Juice brand has released two new smoothies in the UK to provide more variety to consumers seeking an easy way of incorporating a variety of fruits into our daily lives. The new products, Naked Rainbow Machine and Naked Berry Lean, feature a range of fruits and vegetables and incorporate a number of Vitamins such as C, E, and B1. Naked Rainbow Machine features a mix of fruits and vegetables including red apple, mango, kiwi, blackberries, blueberries, banana, beetroot and elderberry. The drink which jons the brand’s…

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Greek yogurt maker Chobani inks distribution deal with PepsiCo

US –  Chobani, a leading Greek yogurt maker in the US, has signed a distribution deal with U.S. food and beverage PepsiCo in efforts to expand its footprint across the United States. According to a Bloomberg report, the distribution deal being implemented on a pilot basis will see PepsiCo distribute Chobani Complete yogurt drinks and other products to convenience stores, colleges and universities in the northeastern part of the U.S. The Greek yogurt maker said the partnership allows it to use PepsiCo’s robust chilled distribution network, where products are fresher…

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PepsiCo expands Mountain Dew portfolio as RedBull debuts new limited edition dragon fruit energy drink

US – U.S. multinational food and beverage company, PepsiCo has expanded its Mountain Dew portfolio with the launch of a zero-sugar version of its Mountain Dew Frost Bite drink. The new Mountain Dew Frost Bite Zero Sugar will be sold in 20oz bottles and 12-packs of 12oz cans and comes  on the heels of the Mountain Dew Frost Bite launch at Walmart last year. “Dew is thrilled to introduce Mountain Dew Frost Bite Zero Sugar for fans who want a delicious zero-sugar option,” said Nicole Portwood, vice president, marketing, Mountain…

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PepsiCo launches canned cocktail mixers as Bacardi unveils fruit infused vodkas

US – American multinational food and beverage corporation PepsiCo, has expanded its beverage portfolio with a new non-alcoholic mini-can mixer containing real juice and no artificial sweeteners. The new drink dubbed Neon Zebra will be available in four flavours – Margarita Mix, Strawberry Daiquiri Mix, Mojito Mix and Whiskey Sour Mix. Its release aims to position  the maker of popular soda brands Pepsi, Mountain Dew, and Miranda, as a key player in the cocktail mixer category. “Neon Zebra adds a new level of personality in the cocktail mixer category with…

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PepsiCo exits Indonesian snack market with sale of stake in Indofood Fritolay joint venture

INDONESIA – American multinational food and beverage company PepsiCo is exiting the Indonesian snack market after more than 30 years of existence in one of South East Asia’s most populous nation. Following the exit, PepsiCo’s 49% share in its local joint venture PT Indofood Fritolay Makmur (IFL) has been acquired by Indofood CBP Sukses Makmur Tbk for about US$35.13 million. Indofood’s now owns 99.99% shares in the company, up from 51%. PepsiCo and Indofood CBP entered the joint venture back in 1990, in order to produce and distribute Frito-Lay snacks…

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PepsiCo post 4.8% rise in full year revenue for 2020, launches custom made Mountain Dew Ice for India market

US – Leading beverage manufacturer PepsiCo has reported a 4.8% rise in net revenue in its 2020 full-year results, following a strong fourth quarter which saw sales up 8.8%. For the year ending 26 December 2020, the company posted net revenues of US$70.37 billion while its operating amounted to US$10.08 billion, a 2% decrease compared to last year’s US$10.29 billion figure. Regionally, PepsiCo’s Africa, Middle East and South Asia unit saw the largest increase in net revenue, growing by over 25% and was followed closey by the Asia Pacific, Australia,…

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Pepsico, Beyond Meat create joint venture to pursue development of plant-based drinks and snacks

US – PepsiCo and Beyond Meat have created a joint venture called The PLANeT Partnership that will develop, produce and market snack and beverage products made from plant-based protein. In a joint statement, the companies said the joint venture will leverage Beyond Meat’s technology in plant-based protein development and PepsiCo’s marketing and commercial capabilities. PepsiCo has prioritized increasing offerings in its portfolio that meet growing consumer demand for foods and drinks that fall in the better-for-you category. Plant-based products have gained particular momentum during the pandemic as people have watched…

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Multinational food and beverage company PepsiCo commits to net zero greenhouse emissions by 2040

US – American multinational beverage company PepsiCo has taken its sustainability agenda a notch higher, pledging to achieve net zero emissions by 2040, one decade earlier than called for in the Paris Agreement. The beverage giant also announced plans to double down on its climate goal and pledged to reduce its absolute greenhouse gas (GHG) emissions across its value chain by more than 40% by 2030. This follows a similar move by Coca-Cola European Partners which announced plans to achieve net zero emissions by 2040 and also committed to cut…

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