The gender gap in organizations has narrowed over the past three decades, giving more effortless labor mobility worldwide. There has also been increasing global awareness regarding the right to a dignified and respectful workplace irrespective of the sexual orientation and ethnicity of the employees, which promotes an open and inclusive workplace. However, labor market disruption due to the COVID-19 has had devastating consequences globally. According to International Labour Organization (ILO), women’s employment declined by 5% globally in 2020 compared with around 4% for men.
Diversity, equity, and inclusivity (DEI) are critical to the business performance of the consumer sector, which encompasses retailers and consumer-packaged goods manufacturers, since consumers want to buy goods that reflect their values, wants, and needs. Consumers expect more from brands than ever, and retailers must honor DEI. Understanding the brand, setting DEI commitments from the top, delivering on the pledges, recruiting from diverse pools, and creating a supportive environment can all contribute to DEI.
PepsiCo Inc (PepsiCo) is a manufacturer and marketer of non-alcoholic beverages and food products. The company’s product portfolio comprises potato chips, cereals, oatmeal, rice, pasta, rice cake, packaged water, sports and energy drinks, juice, and fountain syrups. It markets these products under various brands, including Pepsi, Pepsi Max, Mountain Dew, Lay's, Frito-Lay, Gatorade, Quaker, and Yachak.
In 2021, women represented 27% of PepsiCo’s total workforce. During the same year, women’s participation was 43% in managerial positions. Women proportion was 39% in the executive team while in senior management (senior executives), the women proportion was 18%. In PepsiCo’s board of directors, there was 29% women representation.
PepsiCo plans to invest more than $570 million by 2025 to execute its DE&I agenda.
In 2021, PepsiCo had 45% of People of Color in its US workforce. As of 2021, the company increased its Black and Hispanic managerial populations in the US to 8.3% and 9.5%, respectively.
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