PepsiCo, Inc. Overview
Company Headquarters: New York City, US
Founded: 1898
Workforce: ~309,000
Company Working: PepsiCo, Inc. is a leading global food & beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana, Aquafina, and Bubly. Its product portfolio includes various fast-shifting client items which include tender beverages, juices, chips, snacks, oatmeal, cereals, and different food items. Further, the company has been working with various partners across the globe which prominently deal in the various distribution channels and production processes. To keep ahead in the stiff competition, it has been constantly dealing with multiple acquisitions.
Additionally, the company markets distribute, and sells a wide variety of convenience beverages, foods, and snacks, serving consumers in more than 200 countries and territories through operations, authorized bottlers, contract manufacturers, and other third parties. It offers flavored water through its Aquafina and Bubly brands. PepsiCo's product portfolio includes 23 brands that generate more than a billion of estimated revenue. The company operates through six divisions—Frito-Lay North America, North America Beverages, Europe Sub-Saharan Africa, Quaker Foods North America, and Latin America. The company is dedicated to evolving its product portfolio to better meet the wishes of customers whilst additionally lowering its impact on the surroundings.
Strategy
The company has a broad product portfolio and is always inclined towards new product launch to compete in the market. With close competitors around, the company is highly involved in research and following the trend. It has involved itself in launching nutritional food and beverages. They are continuously coming up with beverages that are calorie free. For instance; in 2017, they launched Aqua Mineral Water +Juice and new flavors of KeVita Master Brew Kombucha by introducing Tropicana Probiotics.
The company is also highly focusing on refranchising strategy which focuses on extracting the productivity, driving the top line growth and to check whether innovation sticks in the marketplace. Moreover, they are making huge investments for expansion of their production in the emerging markets. Also, marketing strategy and distribution channel is at the centre of their strategic planning. The company is taking several initiatives to strengthen its beverages market. In February 2018, PepsiCo launched a new sparkling water, bubly, that combines refreshing and delicious flavors. In January 2018, the company's Mountain Dew introduced MTN DEW ICE, a crisp, clear, carbonated soft drink made with a splash of real juice.



