January 21, 2022: Bloomberg reported that On Wednesday, PepsiCo and Beyond Meat’s joint venture plans to launch a plant-based jerky as its first product.
Beyond and Pepsi announced the joint venture, called The PLANeT Partnership, almost a year ago, intending to create plant-based snacks and drinks together. The partnership gives Beyond, a relative newcomer to the food world, a chance to leverage Pepsi’s production and marketing expertise for products. It helps Pepsi work toward its sustainability and health goals for its portfolio. For its part, Pepsi can deepen its investment in plant-based categories, which are growing increasingly crowded, as working with one of the top creators of meat substitutes.
In September, Pepsi CEO Ramon Laguarta said that the company is targeting early 2022 to launch the first product from the partnership. Pepsi veteran Dan Moisan has been tapped as chief executive for the venture.
A photo of the sample product published by Bloomberg showed packaging declaring that the jerky did not contain soy, gluten, or genetically modified organisms but did contain 10 grams of plant protein per serving. Beyond and Pepsi refused to comment on the report.
The two companies will face little competition in the vegan jerky market. Conagra Brands’ Gardein already sells it and several smaller startups.
Shares of Beyond were decreased slightly in extended trading, while Pepsi’s stock was unchanged. Beyond’s stock has slid 54% over the previous 12 months as Wall Street questioned its growth prospects and supply chain issues hit sales. On the other hand, Pepsi’s stock has risen 23% simultaneously, giving it a market value of $242 billion, nearly 59 times that of Beyond.
Corporate leaders often navigate turbulent waters where failure is not just a possibility but an inevitable part of the journey …
Corporate leaders play a pivotal role in shaping organizational cultures that embrace diversity and foster inclusivity. How can these …
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
Corporate leaders today stand at the nexus of unprecedented technological evolution, where digital transformation reshapes industries and redefines …
Corporate leaders stand at the helm of their organizations, often tasked with making decisions that can steer their companies toward …
Corporate leaders are often tested by crises that threaten the very foundation of their organizations. How do these leaders navigate turbulent …
Corporate leaders often navigate turbulent waters where failure is not just a possibility but an inevitable part of the journey …
Shares of Lululemon Athletica Inc. experienced a significant surge after the company reported strong quarterly earnings driven by robust international …
Systems thinking is an approach that focuses on understanding how different parts of a system interact and influence one another within a whole. It is a holistic framework considering interrelationships and patterns rather than static snapshots. By expanding perspectives, systems thinking clarifies complex situations and can spur innovation.
A definite ‘NO’ to the question if struggling families had child care asked by a group of committed volunteers in the San Fernando Valley in 1974, urged the volunteers to look for a way to support families struggling to find quality child care, development, and education services for their families. That year, the San Fernando Valley Child Care Consortium and the Mayor’s Child Care and Junior Task Force proposed the first child care resource center in the San Fernando Valley. Doris McLain was elected chairperson as Mayor Bradley accepted the proposal and gave the newly founded Child Care Resource Center (CCRC) space in Van Nuys City Hall Center. CCRC began 45 years to help working moms find child care.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
