Coca Cola and PepsiCo

The Chief Executive Officers of two of the world’s top soft drink makers — PepsiCo and Coca Cola — came together yesterday for talks on how to control and recycle plastic waste in the world.

The CEOs, Ramon Laguarta and James Quincey, were both participants during a panel on how to control the waste economy. This has so far been a pertinent topic, and is dominating discussions at the ongoing World Economic Forum in Davos.

Meanwhile, the CEO of the plastic manufacturing company Dow Chemical, Jim Fitterling, also joined in on the discussion which ended with a resolution to considerably reduce plastic waste by 2030.

PepsiCO, Coca Cola, and Dow Chemical have long been at the forefront of efforts to end plastic waste which is harmful to marine life especially, and by extension humans and the earth at large.

According to CNBC, PepsiCo is particularly working hard to ensure that all of its packaging materials are recyclable and biodegradable come 2025. So far, the company has already begun testing out biodegradable materials in readiness for full implementation.

During the panel, the company’s CEO, Ramon Laguarta, was also emphatic about the PepsiCo’s commitment to drastically reduce plastic waste by the set date of 2030.

“We can reduce the amount of plastics in the system, both in our beverages and in our snack businesses. I am quite optimistic by 2030 that we will be solving the problem.” – Laguarta

Plastic waste have been an issue of serious concern to many. And while there has been a lot of talks about solving the problem, many environmentalists believe that little action has so far been taken. This is despite comments by Mr Quincey of Coca Cola that “there are countries where we have already solved the problem.”

Note that Coca Cola and PepsiCo are serious competitors who do not come together often. But whenever they do come together, it is always for something nice.

Emmanuel holds an MSc. in Political Science and a B.A in Philosophy & Logic from the University of Ibadan. He is experienced in such areas as Media/Communications, Administration, and Nonprofit. As an Editor at Nairametrics, his job entails managing a team of talented business writers/analysts who break and analyse some of the biggest news in Nigeria and elsewhere. Prior to this time, he served as a Business Analyst at Nairametrics, with focus on big corporations whose equities are listed on the Nigerian Stock Exchange. Keep in touch with him via emmanuel.abara@nairametrics.com

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