PepsiCo (PEP)

Risks

• The impact of COVID-19 continues to create considerable uncertainty for our business.
• Reduction in future demand for our products would adversely affect our business.
• Damage to our reputation or brand image can adversely affect our business.
• Product recalls or other issues or concerns with respect to product quality and safety can adversely affect our business.
• Any inability to compete effectively can adversely affect our business.
• Failure to attract, develop and maintain a highly skilled and diverse workforce can have an adverse effect on our business.
• Water scarcity can adversely affect our business.
• Changes in the retail landscape or in sales to any key customer can adversely affect our business.
• Disruption of our manufacturing operations or supply chain, including increased commodity, packaging, transportation, labor and other input costs, can adversely affect our business.
• Political and social conditions can adversely affect our business.
• Our business can be adversely affected if we are unable to grow in developing and emerging markets.
• Changes in economic conditions can adversely impact our business.
• Future cyber incidents and other disruptions to our information systems can adversely affect our business.
• Failure to successfully complete or manage strategic transactions can adversely affect our business.
• Our reliance on third-party service providers and enterprise-wide systems can have an adverse effect on our business.
• Climate change or measures to address climate change can negatively affect our business or damage our reputation.
• Strikes or work stoppages can cause our business to suffer.
• Failure to realize benefits from our productivity initiatives can adversely affect our financial performance.
• A deterioration in our estimates and underlying assumptions regarding the future performance of our business can result in an impairment charge that can adversely affect our results of operations.
• Fluctuations in exchange rates impact our financial performance.
• Our borrowing costs and access to capital and credit markets can be adversely affected by a downgrade or potential downgrade of our credit ratings.
• Taxes aimed at our products can adversely affect our business or financial performance.
• Limitations on the marketing or sale of our products can adversely affect our business and financial performance.
• Laws and regulations related to the use or disposal of plastics or other packaging materials can adversely affect our business and financial performance.
• Failure to comply with personal data protection and privacy laws can adversely affect our business.
• Increases in income tax rates, changes in income tax laws or disagreements with tax authorities can adversely affect our financial performance.
• If we are unable to adequately protect our intellectual property rights, or if we are found to infringe on the intellectual property rights of others, our business can be adversely affected.
• Failure to comply with laws and regulations applicable to our business can adversely affect our business.
• Potential liabilities and costs from litigation, claims, legal or regulatory proceedings, inquiries or investigations can have an adverse impact on our business.