The Lay’s and Doritos maker has signed a $20m partnership with the US Agency for International Development (USAID) to create a gender-inclusive supply chain and help build a more sustainable food system, reports Gill Hyslop for Bakery and Snacks.
Hyslop writes that the five-year partnership falls under the Women’s Global Development and Prosperity Initiative (W-GDP) established by the US White House last year, which seeks to reach 50 million women in the developing world by 2025 by scaling private-public partnerships.
PepsiCo and USAID will each invest an initial $5m to jumpstart the programme to support women-owned small- and medium-enterprises – along with women-led PepsiCo suppliers – in Asia, the Middle East and Latin America.
“We expect that by engaging women as critical partners, on-farm productivity will increase, compliance with our sustainability standards will improve, supply chain performance will be strengthened, and we will contribute to the long-term resilience of farming communities and PepsiCo’s success,” said Christine Daugherty, VP, Global Sustainable Agriculture Responsible Sourcing, PepsiCo.
Source: Bakery and Snacks. Read the full article here