No More Soft Drinks For Americans
People aren’t going to like this.
It has now been learned that PepsiCo is warning people that there will be even more price spikes on the company’s beverages as well as snacks as the prices for raw materials continue to soar due to high inflation brought on by Joe Biden’s presidency.
According to Fox, PepsiCo owns not only a line of soda beverages but also Frito-Lay and Quaker and prices for all of these products are set to rise.
PepsiCo CFO Hugh Johnston explained, “In a world where we’re seeing things like vegetable oil, grains and packaging prices increasing dramatically, I would be surprised if there wasn’t more (price increase) over the course of the next year.”
PepsiCo further noted that they are doing their best to cut costs for their products with cheaper packaging and more however prices are still likely to rise.
