AGP Executive Report
Last update: 8 hours agoEarnings Pressure: PepsiCo beat third-quarter estimates but cut its 2026 core-profit growth outlook, citing a slow North American recovery. Food volumes were flat and beverage volumes fell 2% in the region; the company plans further cost cuts. GLP-1 Shift: Weight-loss drugs are spurring food and drink makers to develop smaller portions and products with more protein and fibre, as brands target changing appetites. Innovation Investment: Caldic opened a food innovation hub in Mumbai to help customers formulate, test and scale products for markets across Asia-Pacific. Beer Cartel Probe: Japan’s watchdog raided the country’s four largest brewers over suspected price-fixing, widening scrutiny of competition in the beverage sector. Packaging: Pulpex opened its first commercial fibre-bottle factory near Glasgow, advancing an alternative to conventional packaging.
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