PepsiCo Inc (PEP.N: Quote, Profile, Research) Chief Executive Indra Nooyi said on Wednesday commodity prices were a concern but the soft drinks and snacks giant would overcome the challenge.
"You just have to look at the prices of wheat and corn. Wheat prices have almost doubled in the last three years and there's no question that there's commodity inflation," she told Reuters at the annual meeting of the World Economic Forum.
"How do we intelligently navigate through this? Through a mix of productivity, pricing and intelligent procurement ... while we are concerned about commodity inflation, we feel pretty comfortable that we will find a way through it."
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