PepsiCo Chief Executive Indra Nooyi says the beverage maker is safe from a downturn. Why? "We make happiness. We are comfort foods."
The CEO was at the World Economic Forum in Davos, Switzerland, where she shared her insights on the industry and the global economy with CNBC.
Does Nooyi see a U.S. economic slowdown? "Yes and no." She noted that post-Christmas retail merchandise returns were up 25 percent -- "and that's a dangerous sign."
However, she maintained that sales of such holiday bellwether goods as consumer electronics were solid.