Market Chatter: PepsiCo Hedging Commodities to Offset Geopolitical, Cost Pressures

MT Newswires Live03-23

PepsiCo (PEP) is sourcing 95% of ingredients locally in a bid to offset headwinds from ongoing geopolitical tensions and cost pressures, Bloomberg News reported Sunday, citing Asia Pacific Chief Executive Anne Tse.

The food and beverage giant has also implemented a hedging strategy for various commodities, Tse reportedly said. The company is working closely with local growers, especially for potatoes, making it "very resilient" with upstream supply, Bloomberg reported, citing Tse.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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