PepsiCo has also bolstered its product portfolio to attract customers by acquiring companies such as Bare chips and launching Pepsi Zero Sugar, bubly sparkling water and Pure Leaf iced teas.These moves helped the company post a 2.15 per cent growth in sales in its North America beverages unit, while sales in its Frito-Lay snacks division rose 5.5 per cent.
Under chief executive officer Ramon Laguarta, who took over the top job less than six months ago, the company has laid out plans to spend more on advertising, boost its manufacturing capacities, improve its supply chain and focus more on healthy snacks and beverages. “We are equally pleased with the progress we are making on our ambitious agenda to invest to build capabilities, strengthen our brands, and add capacity to grow,” Laguarta said in a statement.