By the end of 2012, innovation from products launched in the past three years accounted for about 8% of PepsiCo’s net revenue. Going forward, Indra Nooyi, PepsiCo’s chairman and CEO, intends to continue to leverage R&D to help the company develop more breakthrough innovation that delivers true incremental growth and is sustainable. One way the company is doing this is by shifting its portfolio to growth areas. It has invested behind its brands to build on its strength ...

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