Coca-Cola Chief Says China, India Are Bouncing Back (Update1)
By Carol Massar and Duane Stanford
March 4 (Bloomberg) — Coca-Cola Co. Chief Executive Officer Muhtar Kent said emerging-market economies such as China and India are beginning to bounce back quickly while more developed regions will take longer to recover.
The emerging world is in a healthier situation as we are exiting the tunnel, Kent said today in a television interview at the companyÃ¢â‚¬â„¢s New York office.
Economies including North America, Japan and Western Europe will endure further pain, Kent said. He said job creation needs to be the top priority for the U.S. and there is an Ã¢â‚¬Å“absolute opportunityÃ¢â‚¬Â for Coca-Cola brands to grow there.
The consumer is still confused, he said. For durable consumer goods thereÃ¢â‚¬â„¢s no question, there is a reset in the minds of consumers in the Western world.
Dr. Pinna says:
Forget Coke, it is bad for your health, bad for your pocketbook and bad for your breath. China and India will turn Coke away. They love tea.