Coca-Cola HBC's operating profit rose more than analysts had expected last year due to steady demand for coffee, energy and other ready-to-drink products, sending the bottler's shares nearly 8% to a record high on Thursday.

Coca-Cola accounted for 11 percent of branded plastic pollution in the world, according to a study, and is one of the world’s top contributors to plastic pollution.

CEOs of leading car companies in America, meanwhile, are concerned that Trump’s tariffs could upend an entire industry. “ What we’re seeing is a lot of cost, and a lot of chaos ,” said Jim Farley, CEO of Ford (F), while discussing the administration’s measures during an investment conference yesterday, as reported by CNBC.

The beverage giant is ready to manage, mitigate and adjust to the “dynamic macro environment,” including potential tariffs imposed on steel and aluminum imports into the US and regulatory changes to food ingredients,

Coca-Cola’s exposure to aluminum and steel is a little more than a quarter of the company’s packaging mix, as of 2023 . Meanwhile, if Coca-Cola moved more product into plastic, it would expand a substrate that already accounted for nearly half of its packaging.

Coca-Cola may need to increase its use of polyethylene terephthalate (PET) packaging in the US due to the 25% tariff on foreign steel and aluminium introduced by the Trump administration.

Coca-Cola may have to sell more drinks in plastic bottles in the US if President Donald Trump's tariffs end up making aluminium cans more expensive, the company's chief executive, James Quincey, said in a call with investors.