PepsiCo, Inc. (PEP): Who It Depends On

One of the two dominant North American beverage-can makers; PepsiCo's own 10-K names aluminum among its key packaging materials, and the beverage-can supply industry is effectively a duopoly between Ball and Crown Holdings.

The other half of the North American beverage-can duopoly alongside Ball Corporation, supplying aluminum cans across PepsiCo's carbonated soft drink and other beverage lines.

A leading global producer of PET resin bottles and flexible plastic packaging; PepsiCo's 10-K lists PET, polyethylene, and polypropylene among the packaging materials it warns are "available only from a limited number of suppliers."

A privately held agribusiness giant and major supplier of corn sweeteners, sugar, and other agricultural inputs named in PepsiCo's own ingredient list. A private company with no public ticker.

One of a small number of companies that dominate US corn-sweetener refining and vegetable-oil processing, both listed among PepsiCo's principal raw materials.

Supplies corn-based starches and sweeteners used across PepsiCo's snack and beverage formulations.

Not a single company. PepsiCo's own 10-K discloses it operates "in conjunction with third parties," including authorized bottlers and contract manufacturers, across much of its global beverage business.

Not a single company. Frito-Lay sources potatoes through a large network of independent contract farmers rather than a concentrated supplier base, though regional crop failures or drought can still disrupt supply.

A major producer of cardboard and paperboard packaging, explicitly named among the packaging materials in PepsiCo's 10-K supply-chain risk disclosures.

The largest cane-sugar refiner in North America and a key supplier of the sugar PepsiCo lists among its principal raw materials. A private company with no public ticker.