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PepsiCo halts production in Russia

WorldRussiaPepsiCo halts production in Russia
The United States soft drink giant PepsiCo has completely stopped production in Russia months following promising to suspend sales and production in reply to Russia’s invasion of Ukraine, as per reports.
Russia was PepsiCo’s third-largest market in 2021 after the United States and Mexico.
As per the statement released by PepsiCo chairman, “Pepsi, 7UP and Moutain Dew production in Russia has completely halted “in line with” its early March announcement suspending productions, sales, promotional activities and advertising in the sanctions-hit-nation.
They were quoted as saying that, “All concentrates have subsequently been exhausted in Russia and production has halted.”
Meanwhile, the spokesperson has refused to comment when asked whether sales had been halted as well.
PepsiCo’s rival Coca-Cola had said in June that its bottler and existing customers in Russia were depleting stock, after which the production and sales of Coke products would end in Moscow.
At the same time, reports added that its review of dozens of supermarkets and stores in and around Moscow showed Pepsi and Coca-Cola products still being sold, with August 17 shown as the latest date of production. PepsiCo has stated that it would continue selling milk, baby food and other daily essentials in Russia.

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