Answer:
Adverse economic circumstances in the nations where PepsiCo conducts business, rising costs, interruptions or shortages in the availability of raw materials and other sources of supply, and failure to realize projected gains. The ability of PepsiCo to grow its company in developing and emerging areas. Uncertain political environments, civil unrest, and other dangers occur in the markets where PepsiCo manufactures, produces, distributes, or sells its goods. A few examples of risks include failure to successfully complete or integrate acquisitions and joint ventures into PepsiCo's current operations, business interruptions, product contamination or tampering, problems with product quality, safety, or integrity, damage to PepsiCo's reputation or brand image, and failure to complete or manage divestitures or refranchisings. Possible intellectual property rights infringement, strikes or work stoppages, the failure to implement shared services or effectively use information technology systems and networks, fluctuations or other changes in exchange rates, potential effects of climate change or water scarcity, and legal, regulatory, or market measures to address climate change or water scarcity; if the negotiations for collective bargaining agreements fail.