I’m speaking at the Aspen Ideas Festival: Health. I’ll be interviewed by Helena Bottemiller Evich of FoodFix from 9:00 to 9:50 a.m.. Topic: “Making sense of nutrition science.”
I was interested to see what BakeryandSnacks.com had to say about PepsiCo’s investment in Mexico.
This company, which makes ultra-processed drinks and snacks, plans to invest $4 billion in Mexico over the next two years.
The $4 billion will be spent on “four strategic areas:”
This is on top of the $5 billion Pepsi invested in Mexico in 2014 for “product innovation, brand consolidation, infrastructure, sourcing, and community outreach.”
Pepsi has a big operation in Mexico. It claims the new investment will add 3000 jobs to the 80,000 it already employs there.
What is this about? In 2017, Mexico’s $3.6 billion in sales represented nearly 6% of PepsiCo’s total global net revenues of $63.5 billion.
I’ll bet Pepsi sees plenty of room for growth. I do too, but also in the prevalence of obesity and related chronic disease.