Earlier this week, PepsiCo and Gatik announced a multi-year partnership that has already deployed fully driverless freight trucks across Texas, Arizona and Arkansas, servicing around 250 retail locations without safety drivers in the cab. This large-scale autonomous freight rollout underscores how PepsiCo is using advanced logistics automation to reshape its distribution network and operational efficiency across North America. Next, we’ll examine how PepsiCo’s use of fully driverless trucks could influence its investment narrative around technology-led productivity and margins. To own PepsiCo, you need to believe in its ability to compound steady earnings from global snacks and beverages while squeezing more efficiency out of a very large supply chain. The Gatik partnership reinforces PepsiCo’s focus on automation and logistics productivity, but it does not materially change the near term earnings catalyst around upcoming results, nor the key risk that aggressive cost and productivity programs could overreach and constrain future growth capacity. Among recent announcements, the “House of Treats” crafted beverages platform is especially relevant, because it shows PepsiCo pairing operational initiatives like autonomous freight with consumer facing innovation in away from home channels. For investors, this combination of logistics automation and experiential beverage launches is central to the current narrative that productivity and product novelty can support margins and defend share, even as the portfolio still leans heavily on legacy carbonated soft drinks and salty snacks. Yet beneath PepsiCo’s push into automation and premium experiences, investors still need to be aware of the risk that... PepsiCo's narrative projects $106.6 billion revenue and $12.3 billion earnings by 2029. This requires 3.8% yearly revenue growth and a $3.6 billion earnings increase from $8.7 billion today. Twenty three members of the Simply Wall St Community currently see PepsiCo’s fair value between US$120 and about US$267, with several estimates clustered well above the recent share