PepsiCo talks up growth potential at CAGNY Conference
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PepsiCo (NASDAQ:PEP) outlined its growth potential at a presentation on Wednesday at both the CAGNY Conference and during media interviews.
CEO Ramon Laguarta said there is a huge runway for growth in convenient foods and beverages even after pricing is pulled back.
Following the tease by Coca-Cola (KO) that it may increases its exposure to the alcoholic beverage sector, Laguarta noted PepsiCo (PEP) is also looking at opportunities to leverage assets and focus efforts on a few key brands. The company is testing how best to distribute products in the highly regulated industry. While no big M&A deals are expected to be fired off by PepsiCo (PEP) either with alcohol or other categories, some tweaking of investment levels and divestment are seen as likely.
In terms of the supply chain, Laguarta pointed to pockets of shortages with certain jobs and areas of employment that still have the potential to disrupt operations.
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