PepsiCo, Inc., a leading US food and beverage company, with products available in more than 200 countries. It got its name in 1965 when Pepsi-Cola merged with Frito-Lay, Inc. The company’s headquarters are in Purchase, New York.
The first Pepsi-Cola was created by Caleb D. Bradham (1866-1934), a pharmacist from New Bern, North Carolina. Hoping to replicate Coca-Cola’s recent success, Bradham dubbed his 1898 sweet cola-flavored soda Pepsi-Cola. The drink turned out to be so popular that Bradham founded the Pepsi-Cola company in 1902. After many years of moderate prosperity, the company struggled after World War I and has been rebuilt and rebuilt several times over the years. MyPepsico is developed for Pepsico employees.
In 1931, Charles G. Guth (1876-1948), founder of the modern Mypepsico company, acquired the brand and company assets. He started a new business with Pepsi-Cola, got a chemist to formulate a better drink, started new bottling operations, and began marketing a very successful 12-ounce bottle for a nickel. Guth was also president of Loft, Incorporated, a chain of soft drink and confectionery fountain manufacturers (founded in 1919), and lost control of the Pepsi company in a 1936-1939 lawsuit. the new management of the loft. When the Pepsi-Cola Company merged with Loft in 1941, the name was changed from Loft, Inc. to Pepsi-Cola Company.
As of January 2021, the company owned 23 brands with sales exceeding $ 1 billion. MyPepsico operates worldwide and its products have been sold in more than 200 countries with annual net sales of more than $ 70 billion. Based on net income, earnings, and market capitalization; PepsiCo is the second-largest food company in the world after Nestlé. PepsiCo’s flagship product, Pepsi Cola, has been embroiled in a rivalry with Coca-Cola known as Soda Wars for generations.
MyPepsico has been repeatedly criticized by environmentalists for its relationship to the negative environmental impact of agriculture on its supply chain and distribution activities, such as the extraction of palm oil and the use of pesticides, the use of water resources, and the negative impact of its packaging: the main source of plastic pollution in the world.