Fast forward to September 2021, and now a shortage of aluminum is making it difficult for the company to deliver its products. What's more, consumers report shortages in Diet Coke and Coke Zero. Before the pandemic, the stock reached a high of over $60, dropping to $38.30 on March 28, 2020.
Full Answer
Is there a shortage of Diet Coke in the UK?
Diet Coke fans have been braced for a shortage of the drink, with Coca Cola UK confirming they are facing supply chain issues. The company said that a "shortage of aluminium cans" had led to its supply chain coming under pressure.
Will there be a Coke shortage in 2022?
Coca-Cola CEO James Quincey said Wednesday he expects to see sporadic shortages on grocery shelves through 2022. 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.
Why is Coke facing a supply chain crisis?
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. “My analogy would be it’s a bit like an earthquake,” Quincey said on CNBC’s “Squawk on the Street.” “You get further shock waves coming through, but they tend to be of diminishing magnitude.”
Why was Diet Coke so popular in the US?
A company blog post detailing the launch of Diet Coke noted that "colas accounted for 60% of all soft drink sales in the US back then, but diets were growing three times faster than the rest of the category. Diet Coke was seen as the right product for the right time."
Why is there no Diet Coke in stores 2021?
That's because some diet sodas are disappearing — or at least, that packaging is gone. Instead you'll find those beverages under their new branding: zero sugar. "Zero sugar" has replaced "diet" for many no-calorie soft drinks.
Are they going to discontinue Diet Coke?
There's no need to worry about your go-to diet soda disappearing. While companies may be changing boxes, marketing and general branding, diet sodas will still be available, just under a different name. And Diet Coke isn't going anywhere soon!
Why is there a soda shortage 2021?
Beverages, especially cans, in short supply due to lack of materials and global demand. Experts weigh in on the lack of aluminum and other supply chain issues. In a story first reported by the Washington Post, major supply chain issues are affecting such products as soda, water and alcohol.
Is there a Diet Coke shortage 2022?
Coca-Cola CEO James Quincey said Wednesday he expects to see sporadic shortages on grocery shelves through 2022. Like other food and beverage companies, Coca-Cola is dealing with widespread supply chain disruption and higher commodity costs.
Which diet soda is Coca-Cola discontinuing?
TabTab is still popular among a loyal albeit small fan base today. When a shortage in 2018 prompted rumors of a possible discontinuation, the self-proclaimed Tabaholics started a crusade to keep their favorite soda on the market, taking their complaints directly to Coca-Cola and signing online petitions.
What sodas are Coke discontinuing?
Tab, Zico, and Odwalla have been publicly axed, with more to come, the company said on an earnings call. Coke hasn't yet named all the brands it will drop, but CEO James Quincey said that there will likely be more cuts in the "hydration" category that encompasses Smart Water and Powerade.
Why can't I find Diet Coke in cans?
You might have trouble finding Coca-Cola in a can, or other soft drinks for that matter, because of a shortage of aluminum and high demand brought on by the coronavirus pandemic.
Is there a Coke shortage 2021?
Coca-Cola CEO James Quincey said Wednesday he expects to see sporadic shortages on grocery shelves through 2022. 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.
Is there a beverage shortage 2021?
Nearly three quarters of all new beverage products in 2021 were packaged in aluminum cans. That growth in demand has run head first into shrinking supply.
What does drinking too much Diet Coke do to your body?
Although diet soda has no calories, sugar, or fat, it has been linked to the development of type 2 diabetes and heart disease in several studies. Research has found that just one serving of an artificially sweetened drink per day is associated with an 8–13% higher risk of type 2 diabetes ( 22 , 23 ).
What sells better Diet Coke or Coke Zero?
Diet Coke, which debuted in 1982, is easily the best-selling sugar-free soft drink of all time and second-most popular soda after good ol' fashioned Coca-Cola. Coke Zero was created for male audiences (the word “diet” seemed to appeal more to female consumer) but both beverages have ardent fans across all genders.
What is the difference between Diet Coke and Coke Zero?
Both drinks are sugar free and calorie free. Coca‑Cola zero sugar looks and tastes more like Coca‑Cola original taste, while Diet Coke has a different blend of flavours which gives it a lighter taste. Did you know? Diet Coke was our first sugar free cola, which we launched in 1983.