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 may use more plastic if Trump aluminum tariff takes effect
Aluminum is generally more recyclable, and less expensive than plastic. Coke has come under fire for its single-use plastic production, and late last year cut its sustainability goals. The beverage giant is now aiming to use 35% to 40% recycled material in packaging by 2035, revised down from an earlier goal of 50%.
Coke CEO: Aluminum tariffs will increase cost of cans, but ‘we can adapt’
Atlanta-based Coca-Cola said new tariffs on aluminum announced by the Trump administration will increase the cost of cans for its business of selling beverages in the U.S., but CEO James Quincey said the company has a series of strategies to adapt.
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.
Trump tariffs force Coca-Cola to consider more plastic packaging, price hikes
Coca-Cola may increase plastic use in packaging or raise prices in response to new aluminum tariffs proposed by the Trump administration.
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