PepsiCo has reinstated its promise to invest millions in Black suppliers. In accordance with its Racial Equality Journey that commenced in 2020, it intends to spend $400 million with Black and Hispanic suppliers every year. On the 40th anniversary of its Supplier Diversity Programme, the company announced that it invested over $1 million in diverse suppliers including women, Asians, members of the LGBTQ community, and people with disabilities. Purchase, a New York-based company, increased spending from 5 million in 1983 to 30 billion dollars over 40 years. It emphasised the importance of improving spend with new forums, mentorships, and partnerships. PepsiCo claims to have spent $500 million on Black and Hispanic suppliers in 2021, accommodating 10 such businesses. This led to utilising a Black woman-owned agency for the rebranding of Pearl Milling Co. and the development of the P.E.A.R.L (Prosperity, Empowerment, Access, Representation, Leadership) Pledge.

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