Vending

PepsiCo to raise prices due to supply chain woes

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October 5, 2021

PepsiCo Inc. said it expects to raise prices again early next year on account of supply-chain challenges including a Gatorade can and bottle shortage and a lack of truck drivers, according to a Reuters report.

Hugh Johnston, CFO, said the company had to scramble to overcome a Gatorade can and bottle shortage in recent months as demand increased at theaters and restaurants after pandemic-induced restrictions lifted.

The company has already raised prices of snacks and sodas on account of higher raw material prices.