PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $70 billion in net revenue in 2020, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker, Tropicana and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 23 brands that generate more than $1 billion each in estimated annual retail sales.
PepsiCo External Innovation is an upstream, externally facing, department within PepsiCo R&D. We actively scout for, identify and develop strategic partnerships with external collaborators. Our goal is to locate key external insights, business models and technical unlocks and new capabilities that, when partnered with PepsiCo’s robust internal R&D expertise, will yield disruptive innovation in our core products and/or new and emerging products. We are currently exploring novel technology spaces that can dramatically impact our portfolio of foods and beverages. We are interested in improving all facets of our supply chain—from raw material inputs all the way to the consumer consumption—and identifying global efficiencies in areas including crop science, ingredients, processing, packaging, equipment, distribution/fleet, retail and e-commerce. We are also committed to sustainability for our planet and our communities.
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