PepsiCo Inc. said on Tuesday it would likely raise prices again early next year, as it looks to overcome ever increasing supply-chain challenges that include everything from a shortage of Gatorade bottles to a lack of truck drivers.
Chief Financial Officer Hugh Johnston told Reuters that PepsiCo had to “scramble” to overcome a shortage of cans and Gatorade bottles in the last few months as demand for its beverages jumped at restaurants and theaters following the lifting of pandemic-induced restrictions.
