date:Jun 22, 2012
Speaking at Deutsche Banks Global Consumer Conference in Paris yesterday, Carey (who has been in his job since September) said that simply lowering prices to win back business was unsustainable, with the firm focused on holding or improving our value shareby the end of 2012.
Discussing issues that had thwarted Pepsis US beverage business in recent years, Carey said:Our bottling system did not invest in flexibility at plant level, so we couldnt make [some] products. Its hard for me to believe