Reported about 15 hours ago
PepsiCo CEO Ramon Laguarta expressed confidence at the World Economic Forum in Davos, Switzerland, regarding the company's position in the food industry despite increasing scrutiny from the new Trump administration and its critics. He highlighted PepsiCo's efforts in reducing sodium, sugar, and artificial ingredients, and aimed for collaboration with the administration to phase out artificial colors from foods. However, PepsiCo's stock has faced pressure in light of recent performance and cautious consumer spending, reflecting challenges within the packaged food sector.
Source: YAHOO