OPINION ABOUT: PepsiCo, Inc. makes, markets, sells and distributes foods and beverages in more than 200 countries worldwide through its operations, authorized bottlers, contract manufacturers and other third parties. Its products are brought to market through direct-store-delivery, customer warehouse and distributor networks. PepsiCo is organized into four business units: Americas Foods (Frito-Lay and Quaker Foods North America, Latin American food and snack businesses); Americas Beverages (North and Latin American beverage businesses); Europe (included South Africa); Asia, Middle East and Africa (excluded South Africa). It employs approximately 274,000 people (end 2013).