As part of a significant cost-cutting review, PepsiCo is streamlining its product offerings by nearly 20% in response to a slowdown in consumer spending and pressure from an activist investor. The company, known for brands like Doritos and Mountain Dew,…
Tag:
accelerate
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New Summary: Nestlé has announced plans to cut 16,000 jobs over the next two years in order to reduce costs and accelerate its business turnaround. This represents about 6% of the company’s global workforce of 277,000 employees. The company has…
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Key Highlights: Mars recently partnered with Italian energy company Enel to secure clean energy contracts in the U.S., aiming to decarbonize its supply chain and meet electricity needs. These power purchase agreements with Enel North America mark the largest transaction…
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Key Points: The FDA has approved three new color additives made from natural sources, providing more options for the food industry to move away from artificial dyes. The approved colors include two blue colors made from algae-based galdieria extract and…
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PepsiCo Accelerates Digital Transformation with AWS Partnership PepsiCo has announced a multiyear agreement with Amazon Web Services (AWS) to drive its enterprise-wide digital transformation. Key initiatives include IT modernization, cloud migration, and the integration of generative AI technologies. The company…
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Key Updates: Unilever has made the surprising decision to remove CEO Hein Schumacher in a bid to expedite its turnaround efforts. This comes after Schumacher served less than two years in the role. Fernando Fernandez, Unilever’s CFO, will take over…
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Keurig Dr Pepper Welcomes Drew Panayiotou as CMO of U.S. Refreshment Beverages Keurig Dr Pepper has announced the appointment of Drew Panayiotou as the Chief Marketing Officer of U.S. refreshment beverages, effective immediately. Panayiotou will be overseeing the marketing strategies…