According to the US Consumer News and Business Channel (CNBC), Coca-Cola CEO James Quincy said on the 19th that the company intends to increase product prices due to rising raw material prices.
"We have good hedging measures in 2021, but the pressure in 2022 is increasing, so prices must rise." Quincy said, Coca-Cola intends to "wisely" manage price increases, such as using different packaging The size gives consumers different price choices.
However, Quincy did not specify which products will increase prices. CNBC mentioned that the last time the company announced a price increase was in 2018, when it was affected by the tariffs imposed by former US President Trump on aluminum.
According to foreign media, the Coca-Cola Company was founded in 1892 and is headquartered in Atlanta, Georgia. The company's most famous brands are Coca-Cola, Fanta and Sprite.