Coca-Cola earnings pop but CEO James Quincey says Trump’s new aluminum tariffs could spark plastic surge in 2025
James Quincey told investors that Coca-Cola could pivot to more plastic packaging if aluminum prices surge due to Trump's 25% import tax on steel and aluminum.
Coca-Cola, Ford CEOs React to Trump’s Steel and Aluminum Tariffs
CEOs of leading car companies in America, meanwhile, are concerned that Trump’s tariffs could upend an entire industry. “ What we’re seeing is a lot of cost, and a lot of chaos ,” said Jim Farley, CEO of Ford (F), while discussing the administration’s measures during an investment conference yesterday, as reported by CNBC.
Coca-Cola could use more plastic bottles in response to Trump tariffs
Coca-Cola’s exposure to aluminum and steel is a little more than a quarter of the company’s packaging mix, as of 2023 . Meanwhile, if Coca-Cola moved more product into plastic, it would expand a substrate that already accounted for nearly half of its packaging.
Coca-Cola may shift toward more plastic bottles under Trump aluminum tariffs: CEO
President Donald Trump could soon have a harder time finding cans of Diet Coke due to the tariffs on aluminum imports, as the soda giant imports its cans from Canada.
Coca-Cola says it may use more plastic due to Trump tariffs
Coca-Cola may have to sell more drinks in plastic bottles in the US if President Donald Trump's tariffs end up making aluminium cans more expensive, the company's chief executive, James Quincey, said in a call with investors.
Coca-Cola says it will sell more soda in plastic bottles if aluminum tariffs take effect
Coca-Cola can also find domestic aluminum sources and increase the price for customers, CEO James Quincey said.
Coca-Cola's demand recovery, higher prices drive surprise revenue jump
Coca-Cola's limited edition flavors of its sodas and price hikes powered a surprise rise in quarterly revenue amid sluggish ...
Coca-Cola's Strong Q4 Performance Reinforces Pricing Power, But Analysts Flag Interest Cost Risks
Coca-Cola's Q4 results beat analyst forecasts, driven by impressive +9% YoY price/mix growth. Analysts from Piper Sandler, Goldman Sachs, and BofA Securities shared opinions, highlighting KO's pricing ...
Coca-Cola reverses sales volume slide, sending revenue up 6% in the fourth quarter
Coca-Cola posted better-than-expected revenue in the fourth quarter as its sales volumes rose in the U.S., China and elsewhere.
Coca-Cola, PepsiCo Planning to Comply With Trump’s DEI Policy
Coca-Cola Co. and PepsiCo Inc., both government contractors, are preparing to comply with President Donald Trump’s executive order banning diversity, equity and inclusion programs, according to people ...