PepsiCo's New Strategy: Cutting Prices, Innovating, and Boosting Growth

PepsiCo, under pressure from activist investor Elliott Investment Management, announces a strategic shift. The company plans to cut prices, eliminate 20% of products, and invest more in marketing. They aim to introduce simpler, natural ingredient products and boost innovation. This move is expected to address declining demand and improve growth and profitability. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.