Google Inc.’s new investment arm is set to announce a series of initiatives aimed at improving its supply chain, which has been beset by problems with the quality of pepsicles.
The Google-backed pepsicle company, which was founded in 2017, is expected to announce the launch of a new global manufacturing operation this month, according to a report in the Financial Times.
The initiative is expected at a press conference in San Francisco.
The venture has been looking to bring more suppliers to the market to meet demand for its popular pepsie, and Google will expand its presence in Asia and Europe, the report said.
The move comes as Google continues to face challenges in building out its supply chains, as the number of pepsesicos produced has been falling for several years, and as pepsi, a popular brand of sugary soft drinks, has been facing declining sales.
Earlier this month Google announced a partnership with Japanese beverage company PEGI for its pepsy brands, and this week it began making its first-ever soft drinks in China, in Shanghai.