PepsiCo is one of the worlds largest food and beverage companies. It was founded in 1965 and is headquartered in Purchase, New York. PepsiCo has a wide variety of food and beverage brands under its umbrella. These include Frito-Lay, Quaker Oats, Tropicana, Gatorade, Mountain Dew, Mirinda, 7 Up, and much more. In addition to these popular brands, PepsiCo is involved in several charitable initiatives and sponsors many sports teams, music performers, and other events.
PepsiCo has a long and successful history of directing and managing its global operations. It sources its raw materials from over 150 countries, processes them within its supply chain, and then distributes its products across more than 190 countries worldwide. To achieve logistics excellence and minimize costs, PepsiCo continues to invest heavily in research, development, and innovation in both areas. In terms of technical advancements, PepsiCo has invested into automated warehouse systems, complex digital network of distributors, as well as accelerated product delivery systems.
In 2020, PepsiCo had more than 236,000 employees across its global operations. Its products, sold in more than 200. countries, contributes around 56 percent in terms of total revenues. And, in the near future, PepsiCo is looking to add more environmental friendly products and services, expand its e-commerce business and boost digital engagement with its customers.
PepsiCo also continues to expand its product portfolio, with the goal of becoming a more health-conscious company. It has invested in numerous healthier snack brands, including Enjoy Life Foods, Stacys, and Bare Snacks, with the aim of targeting health-conscious consumers. In addition, it has acquired plant-based meat companies such as Beyond Meat, in order to expand its vegan offerings.
PepsiCo continues to be committed to corporate social responsibility initiatives, which include recycling and sustainability practices. The company works towards reducing the amount of waste it produces and seeks to utilize more eco-friendly materials and practices. It also looks for ways to be more environmentally friendly, such as by increasing its production of paper-based packaging and using fewer plastics. To date, PepsiCo has recycled over 24 million tons of packaging, reducing water consumption by 6.8 billion liters in 2019.
Finally, PepsiCo has invested into bettering its employee practices and creating a more inclusive and diverse workforce. In 2020, PepsiCo committed to doubling the number of women in leadership roles in all its organizations and to increasing the number of women from their current levels. It aims to achieve this by 2025 and has already taken several measures to help meet this goal. These include promoting flexibility, expanding parental leave policies, and providing other benefits to encourage and empower women at the workplace.
PepsiCo is a powerhouse in the global food and beverage industry, with a long track record of success in its diversified portfolio of multi-national brands. With continued investments in research, development, and sustainability initiatives, as well as an emphasis on diversity, it is well-poised to continue its drive towards excellence.
