Bradham's company experienced years of success leading up to World War I. The company was incorporated under Delaware General Corporation Law in 1919. As his drink gained popularity Bradham founded the Pepsi-Cola Company in 1902 and registered a patent for his recipe in 1903. He coined the name "Pepsi-Cola" in 1898 marketing the drink from his pharmacy in New Bern, North Carolina. The soft drink Pepsi was developed by Caleb Bradham, a pharmacist and businessman from Duplin County, North Carolina. In response PepsiCo has made public comments on its commitment to minimizing their impact but has not released public information documenting progress on most of its public commitments. Similarly public health advocates have criticized Pepsi's high-calorie, poor nutrition product lines along with other popular snack and drink manufacturers. Pepsi has been repeatedly criticized by environmentalists for its relationship to negative environmental impacts of agriculture in its supply chain and in its distributing operations, such as palm oil–related deforestation and pesticide use, its use of water resources, and the negative impacts of its packaging-Pepsi's packaging has consistently been one of the top sources of plastic pollution globally. The company's beverage distribution and bottling is conducted by PepsiCo as well as by licensed bottlers in certain regions. Ramon Laguarta has been the chief executive of PepsiCo since 2018. Although Coca-Cola outsells Pepsi Cola in the United States, PepsiCo within the North American market is the largest food and beverage company by net revenue. PepsiCo's flagship product, Pepsi Cola has been engaged in a rivalry for generations with Coca-Cola it is commonly referred to as the cola wars.
PepsiCo is the second-largest food and beverage business in the world based on net revenue, profit, and market capitalization, behind Nestlé. PepsiCo has operations all around the world and its products were distributed across more than 200 countries, resulting in annual net revenues of over US$70 billion. The largest and most recent acquisition was Pioneer Foods in 2020 for US$1.7 billion and prior to it was buying the Quaker Oats Company in 2001, which added the Gatorade brand to the Pepsi portfolio and Tropicana Products in 1998.Īs of January 2021, the company possesses 23 brands that have over US$1 billion in sales annually. PepsiCo has since expanded from its namesake product Pepsi Cola to an immensely diversified range of food and beverage brands. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc. It oversees the manufacturing, distribution, and marketing of its products. PepsiCo's business encompasses all aspects of the food and beverage market.
is an American multinational food, snack, and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase.
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