The price trend of Pepsi Cola is going up. Starbucks KFC Pearl Milk Tea supply chain is in short supply.

After Coca-Cola announced that it would raise its price in April this year, Pepsi will also raise its price.

On October 5th beverage giant Pepsi released its third-quarter results.

Pepsi Cola results for the third quarter of 2021

The company reported third-quarter revenue of $20.189 billion, up 11.6 per cent from a year earlier, but operating costs and sales expenses both rose more than 10 per cent.

After easing quarantine restrictions caused by previous outbreaks, the global catering industry has seen a surge in demand for Pepsi products and shortages of raw materials such as beverage bottles and cans, Xinhua reported.

In addition, in the financial report, PepsiCo pointed out that in addition to the shortage of raw materials, labor shortages, reduced availability of aviation or other commercial transport, port closures or border restrictions have also adversely affected the supply chain. these may affect Pepsi's ability to produce and sell products.

Pepsi said it expects to raise prices again early next year.

PepsiCo has raised the price of soda and snacks in North America after rising raw material prices squeezed the profit margins of the packaged food industry.

In fact, we also reported that the price of Coca-Cola will rise in April this year. The news became the focus of attention on April 19th when James Quincy, CEO of Coca-Cola, said the company's beverage prices would rise in response to rising commodity prices. The direct reason for "Coca-Cola will rise in price" is the rise in commodity prices. For example, the metal aluminum needed for Coca-Cola cans has increased by 23.2%, resulting in an increase of 5 cents in the cost of Coca-Cola cans. If you add high fructose syrup, PET materials and other packaging materials, it means that this round of commodity prices in Coca-Cola production costs is even higher. Pepsi will raise prices this time because of rising raw material prices and supply chain shortages such as a shortage of beverage bottles and truck drivers. For the food industry as a whole, however, beverage giant Pepsi is far from the only one with supply chain shortages. In April, pearls in American milk tea shops were completely out of stock because of a serious shortage of raw materials for pearl milk tea. At that time, the founder of a US milk tea chain said that there was an "industry-wide" shortage in the US milk tea industry. In addition, it is not only the shortage of raw materials for making pearl milk tea, but the ecosystem of the entire industry is heavily dependent on overseas, and due to the epidemic and waterway blockage, coupled with the Suez Canal accident in March this year, the container ship "Changzhi" ran aground on the Suez Canal, directly leading to delays in the delivery of raw materials imported from the United States.

In June, Starbucks suspended the sale of at least 25 items because of a shortage of goods. Starbucks suspended orders for at least 25 items from June 4 due to supply chain problems, including hazelnut syrup, toffee syrup, Indian tea bags, green iced tea and other popular items.

In September this year, KFC in the United States was exposed that there was a shortage of chicken products, which directly led to the temporary cancellation of the advertising of the product.

Not long ago, CCTV Finance also reported that under the impact of the epidemic, the global supply chain was continuously affected, with soaring prices, production disruptions, delays in receiving goods, and so on. * Image source: Internet