Pros
Some good people to work with. Lots of different products allow you to learn different CPG landscapes. If you like working in giant corporations, you'll probably like it.
Cons
The German HQ does all the strategic thinking, budgeting and any work that requires more than 14 brain cells to do. Your job is to push paper to accomplish what HQ deems is the flavor of the week on top of your already unmanageable workload. There is constant movement among brand teams, which means continuity = non-existent. Unfortunately, HQ also thinks strategies and plans are one-size fits all and have a limp-handshake of a grasp on the US market. Getting one small thing done requires eons of signatures, jumping through hoops, moving mountains etc... that make the company top heavy and difficult to navigate.