US/EGYPT: PepsiCo employees "protecting" Egyptian operations
PepsiCo employs around 10,000 people in North Africa and Egypt
The chief executive of PepsiCo has said that local Egyptian employees are protecting its facilities in the country as political protests enter their ninth day.
Speaking to Fox Business Network yesterday (1 February), Indra Nooyi said that business in Egypt so far had not been disrupted and that there were no plans for the evacuation of employees. Continued pressure on Egyptian President Hosni Mubarak to quit has resulted in widespread political protests across the country.
Nooyi said that multinational companies like PepsiCo are like "little republics", knowing how to operate in multiple countries and how to work portfolios in order to protect their assets in times of an upheaval.
PepsiCo employs around 10,000 people in North Africa. Nooyi told Fox that when there is an upheaval, "we worry about it".
"As we look across the world, at some point there is some turmoil in some country," she told Fox. "So what we have to do is wait it out. In every country in which we do business our people are local. So, our Egyptian employees are all on the ground and they're protecting our facilities, our distribution centres and our offices. Our head, Saad [Abdul-Latif] is constantly in touch with all of our executives and we are worried for them because we want to make sure that the country goes through whatever transition it is going through right now in a peaceful way."
On Monday, PepsiCo issued a statement confirming that it was flying its own ex-pat employees out of the country.
Other drinks companies known to be affected by the troubles include Heineken. On Monday the company said it has suspended beer and soft drinks operations in Egypt with the temporary closure of six facilities, including two breweries, two soft drinks plants, a maltings and a winery.
Our latest management briefing, a combined effort with our sister site, just-food, is an extended, three-part preview of 'Social Media in the Food and Drinks Industry', a report now available on just-...
US drinks manufacturers have launched uniformed, voluntary guidelines for food and drink products marketed to children in a response to mooted government voluntary standards. Ben Cooper examines wheth...
- Why Chinese beverages won't conquer the world
- Gin: Plymouth's from Plymouth, London's from...?
- Is “Craft” the Next Big Thing for Soft Drinks?
- Petropolis Finally Moving into SABMiller's View?
- Coca-Cola pressure builds as bid rumours swirl
- Diageo confirms Australia RTD abv drops
- Pernod launches online Ballantine's "experiment"
- Global vodka sales slip in 2013 - research
- SABMiller returns to Brazil with Petropolis tie-up
- Pernod takes Absolut Warhol push to Travel Retail
- Early Signals: future scenarios that will drive consumption and product innovation over the next five years
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Global vodka insights - market forecasts, product innovation and consumer trends research
- Global Beer Opportunities: Beyond Standard Lager
- The IWSR Forecast Report - 2014-2019 Global Review