{"id":928878,"date":"2021-10-27T14:59:40","date_gmt":"2021-10-27T18:59:40","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=928878"},"modified":"2021-10-27T14:59:43","modified_gmt":"2021-10-27T18:59:43","slug":"coca-cola-foresees-product-shortages-next-year","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/coca-cola-foresees-product-shortages-next-year\/","title":{"rendered":"Coca-Cola Foresees Product Shortages Next Year"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcoca-cola-foresees-product-shortages-next-year%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=928878&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Coca-Cola is expecting product shortages through 2022.<\/p>\n<p>During an interview with <a href=\"https:\/\/www.cnbc.com\/2021\/10\/27\/coca-cola-ceo-expects-to-see-sporadic-product-shortages-through-2022.html\">CNBC<\/a>, Coca-Cola CEO James Quincey explained that \u201csome issues are ongoing and structural, and some issues appear for a quarter and disappear again.\u201d<\/p>\n<p>The outlet summarized:<\/p>\n<p>Like other food and beverage companies, Coke is dealing with snarls in the supply chain and higher commodity costs, which have resulted in some shortages.<\/p>\n<p>\u2026<\/p>\n<p>Quincey said the company uses its global scale and long-term partnerships to navigate issues within its supply chain. However, it\u2019s not possible to mitigate all challenges. He presented a second analogy, comparing the supply chain headaches to a game of Whac-a-Mole.<\/p>\n<p>\u2026<\/p>\n<p>On a call with analysts, he listed issues like labor shortages, spiking gas costs in Europe and a plastic plant in Brazil that burst into flames.<\/p>\n<p>\u201cMy analogy would be it\u2019s a bit like an earthquake,\u201d Quincey added. \u201cYou get further shock waves coming through, but they tend to be of diminishing magnitude.\u201d<\/p>\n<p>As the United States economy recovers from COVID-19 and the lockdown-induced recession, many firms are gripped by supply chain shortages partially linked to labor shortages \u2014 both of which are contributing to high inflation.<\/p>\n<p>At California\u2019s two busiest seaports \u2014 which process 40% of all shipping traffic entering the United States \u2014 there are dozens of vessels <a href=\"https:\/\/www.dailywire.com\/news\/california-truckers-forced-to-dump-shipping-containers-in-nearby-neighborhoods-amid-supply-chain-crisis\">waiting<\/a> to enter and unload, leading to empty shelves and product shortages across the nation. Nevertheless, Biden administration officials \u2014 such as Transportation Secretary Pete Buttigieg \u2014 are <a href=\"https:\/\/www.dailywire.com\/news\/buttigieg-supply-chain-clog-happening-in-part-because-biden-has-successfully-guided-this-economy\">dismissing<\/a> the bottlenecks as a sign of President Biden \u201csuccessfully\u201d managing the economy.<\/p>\n<p>\u201cWell, certainly, a lot of the challenges that we have been experiencing this year will continue into next year,\u201d Buttigieg recently told CNN anchor Jake Tapper. \u201cBut there are both short-term and long-term steps that we can take to do something about it. Look, part of what\u2019s happening isn\u2019t just the supply side. It\u2019s the demand side. Demand is off the charts. Retail sales are through the roof.\u201d<\/p>\n<p>\u201cAnd if you think about those images of ships, for example, waiting at anchor on the West Coast, you know, every one of those ships is full of record amounts of goods that Americans are buying, because demand is up, because income is up, because the president has successfully guided this economy out of the teeth of a terrifying recession,\u201d Buttigieg claimed. \u201cNow the issue is, even though our ports are handling more than they ever have, record amounts of goods coming through, our supply chains can\u2019t keep<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coca-Cola is expecting product shortages through 2022.During an interview with CNBC, Coca-Cola CEO James Quincey explained that \u201csome issues are ongoing and structural, and some issues appear for a quarter and disappear again.\u201dThe outlet summarized:Like other food and beverage companies, Coke is dealing with snarls in the supply chain and higher commodity costs, which have resulted in some shortages.\u2026Quincey said the company uses its global scale and long-term partnerships to navigate issues within its supply chain. However, it\u2019s not possible to mitigate all challenges. He presented a second analogy, comparing the supply chain headaches to a game of Whac-a-Mole.\u2026On a call with analysts, he listed issues like labor shortages, spiking gas costs in Europe and a plastic plant in Brazil that burst into flames.\u201cMy analogy would be it\u2019s a bit like an earthquake,\u201d Quincey added. \u201cYou get further shock waves coming through, but they tend to be of diminishing magnitude.\u201dAs the United States economy recovers from COVID-19 and the lockdown-induced recession, many firms are gripped by supply chain shortages partially linked to labor shortages \u2014 both of which are contributing to high inflation.At California\u2019s two busiest seaports \u2014 which process 40% of all shipping traffic entering the United States \u2014 there are dozens of vessels waiting to enter and unload, leading to empty shelves and product shortages across the nation. Nevertheless, Biden administration officials \u2014 such as Transportation Secretary Pete Buttigieg \u2014 are dismissing the bottlenecks as a sign of President Biden \u201csuccessfully\u201d managing the economy.\u201cWell, certainly, a lot of the challenges that we have been experiencing this year will continue into next year,\u201d Buttigieg recently told CNN anchor Jake Tapper. \u201cBut there are both short-term and long-term steps that we can take to do something about it. Look, part of what\u2019s happening isn\u2019t just the supply side. It\u2019s the demand side. Demand is off the charts. Retail sales are through the roof.\u201d\u201cAnd if you think about those images of ships, for example, waiting at anchor on the West Coast, you know, every one of those ships is full of record amounts of goods that Americans are buying, because demand is up, because income is up, because the president has successfully guided this economy out of the teeth of a terrifying recession,\u201d Buttigieg claimed. \u201cNow the issue is, even though our ports are handling more than they ever have, record amounts of goods coming through, our supply chains can\u2019t keep up. And, of course, our supply chains, that\u2019s a complicated system that is mostly in private hands, and rightly so.\u201dAs Buttigieg has admitted, economists fear that the crises affecting the United States will persist into 2022 \u2014 casting a foreboding shadow on economic growth prospects.Earlier this month, The Wall Street Journal surveyed economists on high inflation, constrained supply chains, and labor shortages. Due to the phenomena, respondents slashed their predicted economic growth rate for this year from 7% to 3.1%.The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-928878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/928878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=928878"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/928878\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=928878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=928878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=928878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}