Coca Cola production has been halted in Venezuela, due to a lack of sugar. The country is expected to produce 450,000 tonnes of sugar cane in 2016/17, down from 430,000 tonnes the previous year. Several factors have contributed to a fall in production in recent years, including rising production costs, price controls and a lack of foreign exchange. Kerry Tressler, Coca Cola spokeswoman, said, “Sugar suppliers in Venezuela have informed us that they will temporarily cease operations due to a lack of raw materials. We are engaging with suppliers, government authorities and our associates to take the necessary actions for a prompt solution”. Ford, Kraft Heinz, and Proctor & Gamble have also reduced or suspended production in the country, which is in the midst of an economic crisis.
Coca Cola production has been halted in Venezuela, due to a lack of sugar. The country is expected to produce 430,000 tonnes of sugar cane in 2016/17, down from 450,000 tonnes the previous year. Several factors have contributed to a fall in production in recent years, including rising production costs, price controls and a lack of foreign exchange. Kerry Tressler, Coca Cola spokeswoman, said, “Sugar suppliers in Venezuela have informed us that they will temporarily cease operations due to a lack of raw materials. We are engaging with suppliers, government authorities and our associates to take the necessary actions for a prompt solution”. Ford, Kraft Heinz, and Proctor & Gamble have also reduced or suspended production in the country, which is in the midst of an economic crisis.