49 Facts About PepsiCo

PepsiCo, Inc is an American multinational food, snack, and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase.

PepsiCo's business encompasses all aspects of the food and beverage market.

PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc PepsiCo has since expanded from its namesake product Pepsi Cola to an immensely diversified range of food and beverage brands.

PepsiCo has operations all around the world and its products were distributed across more than 200 countries, resulting in annual net revenues of over US$70 billion.

PepsiCo is the second-largest food and beverage business in the world based on net revenue, profit, and market capitalization, behind Nestle.

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PepsiCo coined the name "Pepsi-Cola" in 1898 marketing the drink from his pharmacy in New Bern, North Carolina.

PepsiCo's headquarters were relocated to the present location of Purchase, New York in 1970, and in 1986 PepsiCo was reincorporated in the state of North Carolina.

Brands formerly owned by PepsiCo include: Pizza Hut, Taco Bell, KFC, Hot 'n Now, East Side Mario's, D'Angelo Sandwich Shops, Chevys Fresh Mex, California Pizza Kitchen, Stolichnaya, Wilson Sporting Goods, and North American Van Lines.

Divestments concluding in 1997 were followed by multiple large-scale acquisitions, as PepsiCo began to extend its operations beyond soft drinks and snack foods into other lines of foods and beverages.

PepsiCo purchased the orange juice company Tropicana Products in 1998, and merged with Quaker Oats Company in 2001, adding with it the Gatorade sports drink line and other Quaker Oats brands such as Chewy Granola Bars and Aunt Jemima, among others.

In July 2012, PepsiCo announced a joint venture with the Theo Muller Group which was named Muller Quaker Dairy.

On May 25, 2018, PepsiCo announced that it would acquire fruit and veggie snack maker Bare Foods.

In 2019, PepsiCo sued four small farmers in India US$142, 000 each for growing a type of potato it says it owns.

On October 3, 2019, PepsiCo announced that they will leave Indonesia after terminating their partnership with local distributor PT Anugerah Indofood Barokah Makmur.

On December 2, 2019, PepsiCo acquired the snacks brand, BFY Brands, who are going to be folded into the Frito-Lay division.

In March 2020, PepsiCo announced that it had entered into agreement to acquire Rockstar Energy for US$3.

In January 2021, as a plan to fight global warming, PepsiCo announced that it is planning to achieve net zero greenhouse gas emissions by 2040, knowing that it had already started generating about 57 million metric tonnes of greenhouse gas emissions globally in 2019.

In 2009, The Coca-Cola Company held a higher market share in carbonated soft drink sales within the U S In the same year, PepsiCo maintained a higher share of the U S refreshment beverage market, however, reflecting the differences in product lines between the two companies.

The deal originated an erroneous factoid which claims that, after acquiring the Soviet fleet, PepsiCo briefly possessed one of the most powerful navies in the world.

PepsiCo's shares traded at over US$109 per share, and its market capitalization was valued at over US$155.

PepsiCo ranked No 45 on the 2018 Fortune 500 list of the largest United States corporations by total revenue.

In 2015, PepsiCo introduced Stubborn Soda, a line of carbonated beverages without high fructose corn syrup.

PepsiCo has formed partnerships with several beverage brands it does not own, in order to distribute or market them with its own brands.

In 2009, PepsiCo had previously used the same strategy successfully in Argentina.

PepsiCo began to expand its distribution in Europe in the 1980s, and in 2015 it made up 17 percent of the company's global net revenue.

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PepsiCo produces and distributes the soft drink 7UP in Europe via license agreement.

PepsiCo has 3 sites in South Africa which produce Lay's and Simba chips.

On March 8, 2022, PepsiCo announced in a letter from CEO Laguarta the "suspension of the sale of Pepsi-Cola.

In 2020, PepsiCo acquired Pioneer Foods, a leading food and beverage company in South Africa, adding its robust, well-known brands including Weet-Bix, Bokomo and Ceres to PepsiCo's portfolio.

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.

PepsiCo received a 100 percent rating on the Corporate Equality Index released by the LGBT-advocate group Human Rights Campaign starting in 2004, the third year of the report.

PepsiCo headquarters are located in the hamlet of Purchase, New York, in the town and village of Harrison, New York.

PepsiCo has maintained a philanthropic program since 1962 called the PepsiCo Foundation, in which it primarily funds "nutrition and activity, safe water and water usage efficiencies, and education, " according to the foundation's website.

In 2009, PepsiCo launched an initiative called the Pepsi Refresh Project, For the first time in 23 years, PepsiCo did not invest in Super Bowl advertising for its iconic brand.

In July 2021, Frito-Lay, a subsidiary of PepsiCo became the subject to media attention over poor working conditions at its plant in Topeka.

PepsiCo has contributed US$1, 716, 300 to oppose the passage of California Proposition 37, which would mandate the disclosure of genetically modified crops used in the production of California food products.

PepsiCo believes "that genetically-modified products can play a role in generating positive economic, social and environmental contributions to societies around the world; particularly in times of food shortages.

PepsiCo maintained its positioning of bottled water as "healthy and convenient", while beginning to partially offset environmental impacts of such products through alternate means, including packaging weight reduction.

PepsiCo denied the allegations, and India's health ministry has dismissed the allegations—both questioning the accuracy of the data compiled by the CSE, as it was tested by its own internal laboratories without being verified by outside peer review.

Environmental advocates have raised concern over the environmental impacts surrounding the disposal of PepsiCo's bottled beverage products in particular, as bottle recycling rates for the company's products in 2009 averaged 34 percent within the U S In 2019, BreakFreeFromPlastic named PepsiCo a top 10 global plastic polluter for the second year in a row.

PepsiCo has employed efforts to minimize these environmental impacts via packaging developments combined with recycling initiatives.

In 2010, PepsiCo announced a goal to create partnerships that prompt an increase in the beverage container recycling rate in the U S to 50 percent by 2018.

PepsiCo has identified methods to create a molecular structure that is the same as normal petroleum-based PET—which will make the new bottle technology, dubbed "Green Bottle", similar to Coke's "PlantBottle" idea from 2009, which feel the same as normal PET.

PepsiCo have said to pilot production in 2012, and upon successful completion of the pilot, intends moving to full-scale commercialization, however in 2021 there are still no records of such bottles being produced.

In 2020 PepsiCo teamed up with French biochemistry startup Carbios in order to promote and establish a new recycling method for used plastic bottles.

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Also in 2009, PepsiCo began the test deployment of so-called "green vending machines", which reduce energy usage by 15 percent in comparison to average models in use.

PepsiCo broadened its product line substantially throughout the 1990s and 2000s with the acquisition and development of what its CEO deemed as "good-for-you" products, including Quaker Oats, Naked Juice, and Tropicana orange juice.

On May 5, 2014, PepsiCo announced that the company would remove the flame retardant chemical known as "Brominated Vegetable Oil" from many of its products, but a time-frame was not discussed.

In 2008, in accordance with guidelines adopted by the International Council of Beverages Associations, PepsiCo eliminated the advertising and marketing of products that do not meet its nutrition standards, to children under the age of 12.