Pepsi News Updates

But now that a plan to bring prices down is in motion, new challenges have emerged that threaten to blunt its impact. 

FedEx Freight incoming CEO John Smith will deliver the opening keynote in Las Vegas on May 4, weeks before the unit spins off from FedEx on June 1.

PepsiCo has leaned on price increases as the cost of packaging, ingredients and transportation rose, but that has weakened demand, and consumers have cut back.

PepsiCo plans to review its North American supply chain as it wraps up negotiations with Elliott, according to sources. The company also warned workers of incoming “structural changes.”

PepsiCo has worked to overhaul its portfolio of brands since Elliott announced a roughly $4 billion stake in September and called on the company to review and streamline its snack offerings

The position makes Elliott Investment Management one of PepsiCo’s largest investors, the activist said Sept. 2 in a letter to the company board of directors.

PepsiCo reported better-than-expected earnings and revenue in the second quarter despite sluggish North American sales.

ArcBest offered the latest window into what to expect from the long-awaited Tesla Semi battery-electric tractor, including energy consumption ratings matching its diesel peers.

PepsiCo said March 17 that it’s acquiring the prebiotic soda brand Poppi for $1.95 billion.

PepsiCo Inc. is in advanced talks to buy healthier soda brand Poppi, according to people with knowledge of the matter.