Coca-Cola plans to invest $10 billion through 2030 in US infrastructure, including expanded production facilities, distribution, and offices, President and CFO John Murphy said. Speaking with Yahoo Finance, Murphy said the company does not see AI taking jobs as "the path forward for our business," describing Coca-Cola as a physical business that will demand a lot of labor for a long time to come. He said the company will still leverage technology to operate more efficiently, but expects its ecosystem to remain a large employer of people at the local level, both upstream and downstream. Coca-Cola supports about 1 million jobs across the US, and Murphy said growth will be the primary driver of future benefits, with labor among the beneficiaries. On the US consumer, he said the economy has been fueled by a certain segment of the consumer base while other segments remain under pressure, and that the company's revenue growth management capabilities let it offer Coca-Cola at different price points and packages across channels.
The Coca-Cola CompanyCoca-Cola plans to invest $10 billion through 2030 in US infrastructure including expanded production, distribution, and offices.
Coca-Cola Europacific Partners PLC