How PepsiCo Avoids Pilot Purgatory With Innovation Partnerships [Forbes]
PepsiCo, Inc. (PEP)
Last pepsico, inc. earnings: 4/28 06:03 am
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Source: Forbes
Digital transformation is a key priority for most large companies. Sadly, McKinsey and Company report that between 75% and 85% of all digital projects are stuck in the pilot phase — or pilot purgatory. PepsiCo has cracked the code on how to avoid pilot purgatory by creating a unique business arm within PepsiCo — PepsiCo Labs' secret sauce is fostering strategic partnerships with companies – especially startups – to pilot new technologies and solutions focused on solving PepsiCo's core business challenges. Their ”is to help lead PepsiCo into the future by embedding cutting-edge technology into the business to solve real-world problems. Since launching PepsiCo Labs in 2018, the team has completed over 100 pilots. One of those success stories is – a pioneer in AI-driven solutions for manufacturers and other industrial sectors– who has helped PepsiCo mitigate over 4,500 hours of unplanned machine downtime across over 900 downtime events in 38 Frito Lay manufacturing plants in the U.S
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- 6/4/24 - Form 4
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- 6/4/24 - Form 4
- PEP's page on the SEC website