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Showing posts with label Pepsi Co. Show all posts
Showing posts with label Pepsi Co. Show all posts

Wednesday, July 3, 2019

#Pepsi To Reduce Plastic Use By Replacing Aquafina Bottles With Cans

#Pepsi To Reduce Plastic Use By Replacing Aquafina Bottles With Cans

Pepsi To Reduce Plastic Use By Replacing Aquafina Bottles With Cans

Pepsi is making a big play to reduce its plastic usage as companies across the globe face growing backlash from consumers for their heavy reliance on single-use plastics. The company has now announced that it’s going to replace plastic bottles for its Aquafina water brand. The water will be offered in aluminum cans instead initially in food service outlets in the country while the company will test this move in retail on a smaller scale.

Here is an excerpt from PepsiCo’s envionmental plan:


Many environmental advocates have long argued for the use of aluminum over plastic since its almost 100 percent recyclable and also has a better environmental footprint overall. Pepsi will only be offering the canned Aquafina water at food vendors who stock its products initially. It will test this move out through retail and might eventually expand it further down the supply chain.

Pepsi says that these changes are going to go in effect next year and it expects that they will eliminate over 8,000 metric tons of virgin plastic and approximately 11,000 metric tons of greenhouse gas emissions.

The company has a goal to make 100 percent of its packaging recyclable, compostable, or biodegradable by 2025. It also commits to using 25 percent of recycled plastic content in all plastic packaging. It’s already onle of the largest users of food-grade recycled PET in the world.

Read full report

Friday, May 17, 2019

PepsiCo to make $1 billion investment in Pakistan during five years: CEO

PepsiCo to make $1 billion investment in Pakistan during five years: CEO

PepsiCo to make $1 billion investment in Pakistan during five years: CEO

Lauding the Pakistani government for focusing on the ease of doing business indicator, PepsiCo Chief Executive Officer for Asia, Middle East and North Africa (AMENA) Mike Spanos said that the company has planned to make an investment of US one billion dollars in Pakistan during next five years.

"Any business environment that really facilitates long term Foreign Direct Investment (FDI) requires consistency, transparency, and stability. We are seeing continued progress and big improvements in those areas. As the ease of doing business in Pakistan improves we want to continue to increase our investments," said Spanos while talking to Business Recorder during his recent visit to Pakistan.

"Pakistan is a priority for PepsiCo as we believe strongly in the potential of Pakistan. Pakistan has a large population majority of which is young, and we see growing socio-economic conditions for the population which we think is a great business environment and an opportunity for foreign direct investment," he added.

He said an investment of US 800 million dollars in this country during the last five years and our announcement to continue our investments approximately a billion USD over the next five years is a proof of confidence in Pakistan.

He said recent inauguration of US 63 million dollars state of the art snack plant in Multan is also a proof of it.

He stated that PepsiCo takes pride in the fact that 100 percent of the potato and corn used in the plant is locally sourced.

Talking about the taxation system in Pakistan and its impact on the beverage sector, Mike Spanos stressed the need for improving the tax system in the country.

He also stressed for consistency of regulation whether its food safety regulations or taxes.

"These need to be consistent all over Pakistan because supply chains in business models pivots across the country. Today there is fragmentation so we look and ask for more continued support to harmonize those systems. Secondly, Pakistan is still higher in taxes as compared to a number of countries and that just makes it harder for the industry to grow and reinvest back in the business. Thirdly lower taxes and incentives will help the companies to bring in more products or to bring international partners to Pakistan," he added. He was appreciative of the work the food regulator were doing in Pakistan but at the same time stressed the need for making the industry a collaborative partner. He said that the experience of companies like PepsiCo can help Pakistan from a science and capability standpoint.

He said that the beverage and food industry also wanted improved harmonization between various agencies as we are still dealing with some fragmented policies which are very challenging on the supply chain front.

Regarding investment policies, he said a stable or predictable environment besides being transparent and consistent can help attract companies for bringing in long term investments. The more stability, consistency, transparency the more you are going to have long term investments in Pakistan.

"We feel right about the country. Pakistan is a very vibrant country, having a young population with rapidly growing advancements and socio-economics. The government is focused on education. What that tells us is that you're going to see Pakistan's continued growth in household incomes, which means you're going to have more advancement in the society, which means that people are going to have more disposable incomes to spend across the board. And that's a really positive thing for the prosperity of Pakistan," he said.

Regarding exporting from Pakistan, he said that they are already exporting snacks to Malaysia and Afghanistan and would "like to continue exports and as the government works with us to help us localize and bring down the costs of the many ingredients and components of our food products, that allows us to be even more competitive in global market to export from Pakistan. One hundred per cent of our corn and potatoes are grown in Pakistan today. We are very willing and open and want to increase our exports," he added.

Business Recorder

Tuesday, May 7, 2019

PepsiCo Inaugurates New Us$63 Million Snacks Plant in Multan Solidifying Its Commitment to Pakistan

PepsiCo Inaugurates New Us$63 Million Snacks Plant in Multan Solidifying Its Commitment to Pakistan

PepsiCo Inaugurates New Us$63 Million Snacks Plant in Multan Solidifying Its Commitment to Pakistan

Multan, Punjab, 2 May 2019 – PepsiCo today officially opened its new manufacturing facility in Multan. The new plant will produce and supply snackssuch as Lay’s and Kurkure for Pakistan and its export markets.
This greenfield project is a US$63 million investment in Multan, creating 1,500 direct and indirect job opportunities for Pakistani citizens. Plant’s strategic location is in close proximity to PepsiCo’s agricultural partners.

This state-of-the-art plant thatspreads over approximately 10 hectares is designed to drive efficiency and increase capacity for PepsiCo’s growing business by allowing faster, more streamlined access to agricultural produce and delivery of finished productsto consumers.

Advisor for Commerce, Textile, Industry and Production, and Investment of Pakistan, Mr. Abdul Dawood officiated the opening of the brand-new plant located in the Multan Industrial Estate in the presence of Mr. Mike Spanos, CEO, PepsiCo Asia, Middle East and North Africa,Mr. Furqan Ahmed Syed, Vice President and General Manager, PepsiCo Pakistan and Afghanistan, Senior Officials of the Pakistan Government, PepsiCo and its partner suppliers, and other guests.
Mr. Spanos said “This US$63 million investment in Multan is testament to our commitment to Pakistan. As one of the nation’s leading food and beverage companies, PepsiCo works with 246 Pakistani farmers to purchase only locally-grown potatoes and corn for its products such as Lay’s and Kurkure.”

The facility was built in line with the criteria established by Leadership in Energy and Environmental Design (LEED), the world’s leading green building standard. It uses advanced technologies and processes to conserve natural resources and reduce operating costs.

PepsiCo has been part of the business community in Pakistan for more than 50 yearsproviding critical support for rural economies and empowering farmers with critical training on sustainable farming practices. The PepsiCo system (including company-owned snacks business and franchised bottling partners and distributors) brings more than 60,000 direct and indirect employment opportunities to the citizens of Pakistan.

The Multan snacks plant inauguration follows PepsiCo’s announcement of a new corporate citizenship program funded by a US$1 million grant from the PepsiCo Foundation – the global philanthropic arm of PepsiCo. Through this grant, PepsiCo Foundation will make safe drinking water accessible to thousands of people through the rehabilitation and installation of reverse osmosis plants. This builds on the company’s strong record of water conservation in its locally-grown potato crops and in its snacks and beverage operations nationwide.

“Pakistan is an important market for PepsiCo AMENA and Multan is an important location within Pakistan. Over the years we have grown by taking a long-term view, making investments in both infrastructure and the communities we operate in. We strive to be a development partner with Pakistan and look forward to a bright future in Pakistan, for Pakistan, with Pakistan. I’d like to thank the Government of Pakistan and its agencies for their support,” said Mr. Spanos.

“We welcome the establishment of PepsiCo’s high-tech manufacturing facility in Multan. The investment is testament to the confidence in Pakistan and the advanced manufacturing sector,” said Mr. Dawood, Advisor for Commerce, Textile, Industry and Production, and Investment of Pakistan.

Thursday, April 18, 2019

PepsiCo results beat as new CEO’s ad push lifts sales

PepsiCo results beat as new CEO’s ad push lifts sales

PepsiCo results beat as new CEO’s ad push lifts sales

New York (Reuters) PepsiCo Inc’s quarterly sales and profit beat Wall Street estimates on Wednesday, as the beverage maker’s advertising and marketing push helped drive sales of its snacks, sparkling waters and low-sugar sodas globally.

Shares of PepsiCo hit a record high of $125.92 in morning trading after the company said its core sales grew at the fastest pace in more than three years.

The results come as a boost for Chief Executive Officer Ramon Laguarta who took over from Indra Nooyi six months ago. Under his watch, Pepsico has spent more on advertising, raised production capacity, while tweaking its supply chain to focus more on healthier snacks and beverages.

The changes have helped Pepsi respond better to shifting consumer preferences at a time when packaged food and beverage companies are battling high transportation and labor costs, while trying to find the right product mix to cater to a more health-conscious consumer.

The company has modified some of its recipes using healthier ingredients and is tinkering with product sizes and marketing to keep shoppers reaching for its products.

PepsiCo recently launched a new flavor of Cheetos under its Simply snack brand and introduced a blackberry and peach flavor for its bubly sparkling water that was promoted by singer Michael Buble.

As a result, advertising and marketing spending rose 11 percent, CFO Hugh Johnston told Reuters.

“It is clear evidence that the advertising that we’ve been putting into the market place is working … may be most encouragingly the Pepsi business,” Johnston said.

Sales of Pepsi sodas, which include Diet Pepsi and Pepsi Zero Sugar, grew 3 percent, driving organic sales at its North America beverage unit, its biggest revenue generator.

Lay’s potato chips, Off The Eaten Path snacks and bubly also sold well, he said.

Total organic or core sales – a keenly watched metric that strips out currency fluctuations and acquisitions – rose 5.2 percent.

PepsiCo maintained its target of 4 percent organic revenue growth and earnings of $5.50 per share for the year.

“With guidance unchanged, Pepsi may be in a position to increase spending behind its brands. Something we feel is strategically important and will bear fruit down the road,” Altman Advisors CEO Benjamin Altman said.

Excluding items, PepsiCo earned 97 cents per share. Net revenue rose 2.6 percent to $12.88 billion. Analysts were expecting profit of 92 cents and revenue of $12.70 billion, according to Refinitiv’s IBES.

Friday, April 5, 2019

PepsiCo And PCSIR Champion The Importance Of Food Safety Management Practices

PepsiCo And PCSIR Champion The Importance Of Food Safety Management Practices

PepsiCo And PCSIR Champion The Importance Of Food Safety Management Practices

LAHORE: Punjab Minister for Food Samiullah Chaudhary said that food safety was vital comportment in food industry so that controlling the pollution and wrong practices from food production and processing was crucial for the health of consumers.

The minister addressing a seminar jointly organized by the Pakistan Council on Scientific and Industrial Research (PCSIR) and PepsiCo Pakistan on ‘Food Safety; A Shared Responsibility’ to raise awareness about food safety and served as a forum for collaboration between some of the key stakeholders in the food value chain, he said that the Punjab government through Punjab Food Authority was seriously working to maintain the purity of food in the whole process with limited resources.

The event was attended by over 200 participants and had representation from government bodies, academia, industry and consumers. A panel of experts shared their knowledge and experiences of food safety aspects through during various technical presentations. This was followed by a panel discussion on the roles and responsibilities of various stakeholder in the food value chain.

Samiullah Chaudhary lauded the efforts of organizers of the seminar in highlighting the key role that each stakeholder must play in making best efforts towards a food safety culture. He also appreciated the efforts of the Punjab Food Authority in effectively dealing with counterfeit products in the province in order to ensure safe and healthy food for the public. The minister said that PepsiCo introduced the global best practices in Pakistan’s food industry while the PCSIR arranged seminar on an important issue.

The minister urged the public to point out the wrongdoings of adulterators in the province so that the government should take action against them. He said the huge pressure comes from the influential on the PFA when it takes actions against the adulteration. However, the government and PFA sustain this pressure for the safe and secure food for the public. Furthermore, he said that the PFA was working with only 25 percent resources. He believed that in future PFA would be at par of the any international agency working in the food sector.

Chief Executive Officer PepsiCo for Pakistan and Afghanistan Furqan Ahmed Syed said that the food safety was the highest priority of the company. ‘The products of the company are sold in nearly every country around the world, and we have a responsibility to our consumers and to the health of our business to develop products that people can trust’, he said.

Chairman PCSIR Dr. Shahzad Alam in his address said that the food safety was a serious issue which needs the combined efforts of all stakeholders, so it can be dealt with in a meaningful way. He said that collective efforts can ensure the food purity and maintain its nutrition values. He mentioned that according to the World Health Organization almost 600 million people suffered due to consumption of the adulterated food out of which 420000 people died including 125000 children.

In his address, DG PFA Muhammad Usman said that public health should not be compromised at any cost and it was responsibility of the institutions and companies to ensure quality and standardized food items. He mentioned that success of the PFA besides number of problems and pressers faced by while taking actions against the substandard and adulterated food items. He said that doing adulterated food business become impossible in Punjab. He said that by 2022 sales of lose milk in Punjab will be end.

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