PepsiCo signaled Tuesday that it will likely raise prices on the company's beverages and snacks as raw material costs climb and demand remains steady.
GROCERY SHOPPERS MAKING ‘DRAMATIC SHIFT’ AWAY FROM NATIONAL BRANDS AMID INFLATION, SUPERMARKET CHAIN SAYS
"In a world where we're seeing things like vegetable oil, grains and packaging prices increasing dramatically, I would be surprised if there wasn't more over the course of the next year," Johnston said. PepsiCo Doritos brand chips for sale at a Dollar General department store in Simpsonville, Kentucky, U.S., on Thursday, Aug. 12, 2021.
The CFO added that Pepsi is also looking to trim costs, and is eyeing cheaper packaging and greater scrutiny in hiring.
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