For the majority of the last year, PepsiCo has been attempting to persuade Americans to put more Lay’s, Doritos, and Pepsi products back into their shopping carts.
As a result of the effort, the company has made some progress, but it’s not happening fast enough.
As it deals with cautious customers, rising expenses, and shifting eating habits, the company is now planning another round of structural cost reductions.
PepsiCo is frustrated by the fact that a large portion of the rest of the company is doing well.