The firm's sales of snacks and beverages during the period was hit as lockdowns kept sporting events off ground and hotels, malls, restaurants, and multiplexes shut to contain the spread of Covid-19.
For PepsiCo, sales of snacks under the Frito-Lay North America unit rose 7% in the second quarter ended June 13, while Quaker Oats surged 23%
FMCG companies have stepped into the resultant gaps and have started to explore direct-to-consumer distribution channels
PepsiCo has launched a fundraising in collaboration with Swiggy and the National Restaurant Association of India to offer help to restaurant employees hit hard by the coronavirus lockdown
Pepsi, Coke, Britannia, Kwality Walls and a host of other brands line up for e-stores on delivery apps, rethink visual identities, and the retail experience
The state of the Indian consumer has been the subject of attention of a number of agencies in recent weeks
The Delhi government, in a major relaxation. has permitted everyone to go to office. But the Maharashtra government has gone to the other extreme by keeping offices closed till the end of May.
The reason is the "well-oiled system" that exists right now, preventing farmers from approaching buyers directly.
European Business Group hails covid-19-induced labour reforms in UP; state goes online to connect with five nations and companies like Microsoft, Dow and IBM and showcase investment opportunities
In an investor call, Dirk Van de Put, Mondelez's global chairman and CEO said the firm went "absolutely blank" in the first phase of the lockdown, which began on March 25
As sales in the peak June quarter are impacted, analysts have cut sales growth to sub-4 per cent from over 20%
Further, PepsiCo India has partnered with non-profit organisation Foundation of Innovative New Diagnostics (FIND) for providing 25,000 Covid-19 testing kits.
D'Souza holds a PG diploma in management from IIM Calcutta, was leading Whirlpool India for four years prior to this. He had a 15-year stint in PepsiCo, where he worked in several leadership positions
Brands are turning to women cricketers also as part of a larger shift in the advertising narrative.
Shafali is hailed as one of the promising talents to watch out for in women's cricket
Coca-Cola and PepsiCo are likely to raise prices by 6-14 per cent ahead of the summer season
Social media networks aced the persuasion game, as influencer marketing proved to be the fastest route to customer acquisition in 2019
Adityanath cabinet gives nod to issue 'letter of comfort' to PepsiCo
However, your soft drinks and juices will remain immune to the hike, despite the recent surge in sugar prices. Thanks to Coca-Cola and PepsiCo.
The company will invest more than Rs 500 crore in the proposed plant at Kosi, Mathura through the foreign direct investment (FDI) route and create nearly 1,500 direct and indirect jobs