The head of PepsiCo has called on the US government to take action over rising commodity prices, warning that she sees no end in sight to the trend.
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Speaking at a Wall Street Journal conference in New York, Indra Nooyi said: “There is no bust in prices in sight. It is very worrisome, and what really surprises me is that I’ve not seen anyone in Washington saying this crisis is the biggest we’ve had. I just don’t see the leadership.”
She added that the authorities need to “figure out what they’re going to do about it”, before US consumers begin to slow their spending.
Nooyi, however, said that PepsiCo has been largely been unaffected by the rises so far because consumers look at many of the company’s products as comfort food.
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