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PepsiCo Moving Aggressively to Try and Pull Off a Big Transformation

Changing the status quo inside an over 110 year old company known for its soda has required massive investment by PepsiCo (PEP) chairman and CEO Indra Nooyi in research and development in the past few years. PepsiCo’s research and development spending has surged 35% since 2011, according to the company. The funds have been put toward bringing in experienced chefs to cook up...