PepsiCo products are enjoyed by consumers one billion times a day in more than 200 countries and territories around the world. Our broad range of more than 3,000 delicious products offer consumers convenient and affordable options in nearly every country around the world. We generated more than $66 billion in net revenue in 2014, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. Our product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales.
The PepsiCo External Innovation team is the upstream, externally facing, department within PepsiCo Global R&D. We are actively scouting for, identifying and developing strategic partnerships with external collaborators. Our ultimate goal is to locate key external insights, business models and technical unlocks that, when partnered with PepsiCo’s robust internal R&D expertise, will yield disruptive innovation in our core products and/or new and emerging products/markets. We are currently exploring novel technology spaces that can dramatically impact our portfolio of beverages (Pepsi, Mountain Dew, Pure Leaf Tea, etc.), snacks (Lay's, Doritos, Cheetos, etc.), and nutrition brands (Quaker Oats, Naked & Tropicana juice, etc.) We are interested in improving all facets of our supply chain and identifying global efficiencies in areas including: crop science, ingredients, processing, packaging, sensors, analytical equipment, point of sale equipment, distribution/fleet and e-commerce.
To date, PepsiCo has engaged in a total of 43 collaborations with our global partners in North America, Europe and the Asia-Pacific region.