Coca-Cola Focusing on Using Refillable Glass Bottles

Coca-Cola Company warned that sharp inflation could slow down consumer demand as it shows no signs of slowing, in the markets most affected by price increases. The company said it is focusing on more affordable and refillable glass bottles in the market as the company is facing issues with continuous price increases.

Despite rising prices due to rising costs from aluminum cans to sugar, labor, and transportation, demand for packaged foods such as soda has been strong so far.

Earlier this month, Procter & Gamble said it expects demand for feminine, home, and oral care products in the United States to slow as summer price increases hit stores.

Coca-Cola said it is expanding the distribution of cheaper returnable or refillable glass bottles in emerging markets in Latin America and Africa to prepare for the expected decline in consumer purchasing power.

Coke's first-quarter net income rose 16% to $10.5 billion, and its share price was up 1.6%. The company said that shutting down its business in Russia would reduce annual earnings per share by 4% and annual net sales by about 1% to 2%.