PepsiCo Said to Review Supply Chains as Elliott Talks Wrap Up

PepsiCo Inc. plans to review its North American supply chain as one of a number of steps it is taking to wrap up negotiations with activist Elliott Investment Management, people familiar with the matter said.

An announcement on the moves could come as early as this week, the people said, asking not to be identified because the details haven’t been finalized.

The food and drinks company is also expected to emphasize efforts to develop new products and ways for pricing and packaging them, as well as changes to capital allocation, according to the people. PepsiCo isn’t expected to make ...