PepsiCo faces pressure to show Elliott-triggered turnaround is working
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PepsiCo is under pressure to demonstrate the success of its turnaround efforts. The company has recently agreed to a partnership with Wembley Stadium and is also involved in an autonomous truck delivery of its products to Walmart. Meanwhile, the performance of another major brand, Nike, is reportedly struggling with its own turnaround, although it is unclear if this has any direct impact on PepsiCo's situation.