PepsiCo Inc is a multinational food and beverage corporation, headquartered in the United States, that began in 1965 with the merger of Pepsi-Cola and Frito-Lay. Today, PepsiCo is one of the world’s leading food and beverage companies with over $66 billion in net revenue in 2013. PepsiCo employs more than 250,000 worldwide and their products are sold in more than 200 countries and territories around the world.
Statement of Commitments
1. PepsiCo has signed up to the Global Alliance for Improved Nutrition (GAIN) commitment to explore the development of a collaborative nutrition research platform that will address some of the many unanswered questions on global under nutrition. Annual reports from the Business Platform for Nutrition Research will available through the SUN Business Network.
2. PepsiCo, the World Food Programme (WFP), and the United States Agency for International Development (USAID) in 2011 committed to develop an innovative market-based solution to economic, food, and nutritional insecurity in Ethiopia. In support of the alliance, the PepsiCo Foundation, has committed USD $3,300,000 to WFP in December 2011 to develop an alternative ready-to-use supplementary food (RUSF).The PepsiCo Foundation and WFP are developing a locally-sourced chickpea-based product that targets malnourished children from 6-23 months. With a backdrop of acute famine affecting 13 million people across the Horn of Africa, this partnership addresses both the need for food aid products that are more nutritious, tailored to local diets and more cost effective, as well as an underperforming chickpea value chain. The high cost-structure of RUSF production and distribution limits their application in humanitarian operations. Produced internationally and purchased by aid organizations for distribution to hungry communities, RUSFs risk perpetuating a reliance on foreign aid rather than building internal and sustainable food security. The goal of this partnership is to improve the nutrition of more than 40,000 Ethiopian children and encourage manufacturers to purchase necessary high quality commodities from smallholder farmer organizations to the extent possible. It will support farmers’ cooperatives and food processors to develop the product and maintain high quality production standards. Updates from this partnership will be available on an annual basis.