EU Signals Major Shift on 2035 Combustion Engine Ban Amid Auto Industry Pressure 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
Trump Sues BBC for Defamation Over Edited Capitol Riot Speech Clip 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
U.S. Stock Futures Mixed as Tech and AI Stocks Face Pressure Ahead of CPI Data 
PepsiCo and Beyond Meat have previously signed a joint venture to create plant-based food items. Now it was said that the companies have already come up with their first product and it is a snack that will be launched soon.
Bloomberg reported on Wednesday, Jan. 19, that under PepsiCo and Beyond Meat’s joint venture, they will be releasing the plant-based jerky, and this will be their very first food item under the project that is called The PLANeT Partnership. As mentioned earlier, the aim of this team-up is to develop vegan snacks and beverages together.
Insiders who are familiar with the subject stated that PepsiCo and Beyond Meat have already set up a test to see if the former’s marketing engine can successfully build eagerness for plant-based meat and snack items.
The firms first revealed about their Planet Partnership project in January of last year. The joint venture will push the companies to bring innovative snacks and drinks to the consumers.
“Plant-based proteins represent an exciting growth opportunity for us, a new frontier in our efforts to build a more sustainable food system and be a positive force for people and the planet while meeting consumer demand for an expanded portfolio of more nutritious products,” PepsiCo’s global chief commercial officer, Ram Krishnan, said in a press release that was published last year.
He added, “Beyond Meat is a cutting-edge innovator in this rapidly growing category, and we look forward to combining their unparalleled expertise with our world-class capabilities in brand-building, consumer insights, and distribution to deliver exciting new options.”
Meanwhile, CNBC noted that the partnership with PepsiCo will also give Beyond Meat which is literally a newcomer in the food and snack world, a chance to use Pepsi’s production and marketing expertise for its own new products.
On the part of the Harrison, New York-headquartered food and beverage company, it can go deeper into the plant-based business, which is what Beyond Meat is known for, and further grow in this field in the process. This is a big gain because the meat alternative biz is really booming these days.
