We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PepsiCo Inks Deal With Loop for Sustainable Product Packaging
Read MoreHide Full Article
PepsiCo, Inc. (PEP - Free Report) has taken a step closer to eliminate non-recyclable plastics by signing a multi-year supply agreement with Loop Industries, Inc. (LOOP - Free Report) , a leading technology company in sustainable plastic. This deal will allow PepsiCo to buy production capacity from Loop Industries’ joint venture in the United States and use Loop PET plastic for sustainable product packaging by early 2020. Notably, Loop PET is a complete recycled material.
Loop Industries’ technology makes PET plastic by recycling low-value plastics. Also, it recycles plastic bottles and packaging, clothing and other polyester textiles as well as ocean plastics. These advanced and innovative technologies can help PepsiCo to become a major company in using recyclable plastics and minimize waste by offering sustainable and reusable packaging solutions for its products.
Per management, this latest move will help PepsiCo in building a circular economy for plastics and packaging. Also, it reflects the company’s dedication toward adopting various measures to solve problems related to plastics and waste, and is in sync with its Performance with Purpose vision. Apart from sustainable and healthy packaging, this partnership includes marketing and communication plans to raise awareness among consumers about recycling, sustainability and the plastics’ circular economy.
Other important players like The Coca-Cola Company (KO - Free Report) and Mondelez International, Inc. (MDLZ - Free Report) have also announced initiatives to recycle plastics and eliminate waste. Earlier this year, Coca-Cola stated that it plans to recycle its 100% packaging by 2030 via redesigning its product packaging solutions. Also, Mondelez recently made a commitment to make all its product packaging recyclable by 2025, as part of its strategy.
Coming to PepsiCo-Loop Industries deal, we believe that Loop Industries’ innovative and latest technology solutions will enhance the former's packaging sustainably and address consumer’s need efficiently. Also, PepsiCo is expected to further strengthen the Loop’s brand value and mission of speeding up the world’s pace to sustainable plastic and packaging.
While PepsiCo's shares reacted little to the news, Loop Industries gained 16.4% yesterday. In the past three months, PepsiCo has lost 3%, narrower than the industry’s 7% decline.
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
PepsiCo Inks Deal With Loop for Sustainable Product Packaging
PepsiCo, Inc. (PEP - Free Report) has taken a step closer to eliminate non-recyclable plastics by signing a multi-year supply agreement with Loop Industries, Inc. (LOOP - Free Report) , a leading technology company in sustainable plastic. This deal will allow PepsiCo to buy production capacity from Loop Industries’ joint venture in the United States and use Loop PET plastic for sustainable product packaging by early 2020. Notably, Loop PET is a complete recycled material.
Loop Industries’ technology makes PET plastic by recycling low-value plastics. Also, it recycles plastic bottles and packaging, clothing and other polyester textiles as well as ocean plastics. These advanced and innovative technologies can help PepsiCo to become a major company in using recyclable plastics and minimize waste by offering sustainable and reusable packaging solutions for its products.
Per management, this latest move will help PepsiCo in building a circular economy for plastics and packaging. Also, it reflects the company’s dedication toward adopting various measures to solve problems related to plastics and waste, and is in sync with its Performance with Purpose vision. Apart from sustainable and healthy packaging, this partnership includes marketing and communication plans to raise awareness among consumers about recycling, sustainability and the plastics’ circular economy.
Other important players like The Coca-Cola Company (KO - Free Report) and Mondelez International, Inc. (MDLZ - Free Report) have also announced initiatives to recycle plastics and eliminate waste. Earlier this year, Coca-Cola stated that it plans to recycle its 100% packaging by 2030 via redesigning its product packaging solutions. Also, Mondelez recently made a commitment to make all its product packaging recyclable by 2025, as part of its strategy.
Coming to PepsiCo-Loop Industries deal, we believe that Loop Industries’ innovative and latest technology solutions will enhance the former's packaging sustainably and address consumer’s need efficiently. Also, PepsiCo is expected to further strengthen the Loop’s brand value and mission of speeding up the world’s pace to sustainable plastic and packaging.
While PepsiCo's shares reacted little to the news, Loop Industries gained 16.4% yesterday. In the past three months, PepsiCo has lost 3%, narrower than the industry’s 7% decline.
PepsiCo currently has a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>