PBG had the exclusive right to manufacture, sell and distribute Pepsi-Cola beverages in all or a portion of 43 states, the District of Columbia, nine Canadian provinces, Spain, Greece, Russia, Turkey and Mexico.

Eric Foss, chief executive officer, said that soft consumer demand in the US had spread during the third quarter "across geographies" leading to sales volume declines in Europe and Mexico.

In Mexico, where case volumes were down 9 per cent, he noted that cash remittances from the US had fallen to their lowest level in over a decade, leading to declines in consumer confidence.

On October 14, 2008, PepsiCo Inc. announced that it would be cutting jobs and closing factories to give it some "breathing room" to navigate the volatility that has permeated all corners of the global economy.

On November 19, 2008, The Pepsi Bottling Group announced it was cutting costs as part of a multiyear restructuring program to improve efficiencies in its global operations.