AGP Executive Report
Last update: 10 hours agoPepsiCo: Third-quarter revenue rose 5.6% to $25.27 billion, lifted by overseas demand, but North American snack volumes were flat and beverage volumes fell 2%. The company cut its annual profit forecast and plans more cost reductions as its turnaround takes longer than expected. Packaging Investment: Pulpex opened a commercial fibre-bottle factory near Glasgow, with over 90% of its first-year capacity committed. Novelis also produced its first coil at a $5 billion Alabama plant, which is set to supply beverage packaging and recycle more than 15 billion cans a year. Food Innovation: Caldic opened a Mumbai hub combining labs, pilot production and blending to help develop and scale food products across Asia-Pacific. Regulatory Watch: Japan’s four biggest brewers are under investigation over suspected price-fixing. Starbucks faces a lawsuit alleging eight drinks labeled “sugar-free” contain sugar. Alcohol-Free Drinks: ProWein will expand its alcohol-free beverage program in 2027 with tastings, education and industry sessions.
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