PepsiCo partners with Einride to electrify Frito-Lay shipping routes

Oct 23, 2024•about 1 year ago

Contract Type

partnership

PurchaseFood And Beverage

Description

PepsiCo has announced a partnership with Sweden-based Einride to electrify some of its local Frito-Lay shipping routes. Einride will provide a fleet of five vehicles to be operated in partnership with Memphis-based Armstrong Transportation, significantly reducing carbon emissions.

Company Information

Company

PepsiCo

Location

Purchase, New York, United States

About

PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $70 billion in net revenue in 2020, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker, Tropicana, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 23 brands that generate more than $1 billion each in estimated annual retail sales. Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of our business strategy and brands.

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Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months