PepsiCo targets early 2022 to roll out products from joint venture with Beyond Meat

pepsico targets early 2022 to roll out products from joint venture with beyond meat

Sumary of PepsiCo targets early 2022 to roll out products from joint venture with Beyond Meat:

  • Ramon Laguarta, chief executive officer of PepsiCo Inc., stands for a photograph before a closing bell ceremony at a Nasdaq Inc. remote location in Atlanta, Georgia, on Friday, Feb.
  • 1, 2019.Elijah Nouvelage | Bloomberg | Getty ImagesPepsiCo is hoping to release new plant-based snacks and drinks made through its joint venture with Beyond Meat by early 2022.”This is only the beginning of what I think is going to be a game-changing JV,” Pepsi CEO Ramon Laguarta told CNBC’s Sara Eisen.
  • Pepsi and Beyond announced the joint venture, called The PLANeT Partnership, in January.
  • The partnership gives Beyond, a relative newcomer to the food world, a chance to leverage Pepsi’s production and marketing expertise for new products.
  • For its part, Pepsi can deepen its investment in plant-based categories — which are growing increasingly crowded — while working with one of the top creators of meat substitutes.
  • It also helps Pepsi work toward its sustainability and health goals for its portfolio.

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