The Industrial Revolution Of The Late Nineteenth And Early Nineteenth Century

2137 Words9 Pages
The industrial revolution of the late eighteenth and early nineteenth century served as the impetus to the creation of new technologies that helped interconnect various parts of the world. In essence, technology was crucial to the development of a globalized economy. With the development of a global economy companies began to expand beyond national borders and cater to citizens around the world by becoming multinational corporations. These now global companies have not only expanded their markets, but also rely on labor and raw materials from all around the world. For example, PepsiCo Inc. employs a global workforce to drive their business, Apple Inc. acquires their component supplies from companies spanning the globe, and The Boeing Company uses a global distribution system in order to market their products to airlines in various regions of the world. PepsiCo Inc. was established in 1965 with the merger of Pepsi-Cola and Frito-Lay. Ever since, the company has been expanding its line of products via acquiring other companies and creating new brands. For example, PepsiCo introduced the Doritos brand of tortilla chips in 1966, which became an instant hit. Furthermore, in 1998 PepsiCo acquired Tropicana Products. Over the past 50 years, PepsiCo has entered over 200 countries such as Japan, Russia, and India even though domestic sales in the United States were very strong. In 2015, the company employed around 110,000 people in the United States and over 263,000 around the world
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