PepsiCo CEO Indra Nooyi has been on a mission to transform the beverage and snacking giant as consumers seek out healthier fare amid a shifting retail landscape. The company has responded with investments in digital, which helped grow e-commerce sales into a $1 billion business last year. PepsiCo’s focus on “better for you” and “good for you” products led to the launch of veggie chips and new kombucha flavors, but the company’s core North America soda business took a hit as PepsiCo admittedly moved too much attention toward its new, healthier goods. A one-time $2.5 billion tax charge in the fourth quarter amid tax reform led to a 23% decline in profits for the year.
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News about PepsiCo
According to a report.
Each delivery robot can run for 20 miles on a single charge.
The deal is the first investment under PepsiCo’s The Hive.
The company's stock has risen 109% since Nooyi was named CEO in 2006.
PepsiCo will only move to all-recyclable packaging in 2025.