Coronavirus Could Mean Less Diet Coke on Store Shelves
The COVID-19 coronavirus outbreak continues to throw the business world for a loop. Coca-Cola (NYSE: KO) published its annual report on Feb. 24 and announced that the novel coronavirus could delay the production and export of ingredients including the sucralose artificial sweetener used in Diet Coke products and other drinks.
Coca-Cola doesn't expect the impact of the virus to cause it to miss its full-year targets, but there's still a lot of uncertainty about the situation. The overall impact of COVID-19 on the Chinese market remains unclear, and the virus appears to be spreading rapidly in countries including Italy and Iran. Cases are now confirmed on every continent except Antarctica, and the CDC expects the virus to spread in the U.S. and has stated that it could reach pandemic status.
Image source: Coca-Cola.
Source Fool.com
