Pursuits
Sugar Is So Scarce in Venezuela That Coca-Cola Will Stop Production
- Beverage maker joins Kraft, Clorox in interrupting operations
- Country’s economic crisis has led to shortage of raw materials
Coca-Cola to Halt Production in Venezuela
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Coca-Cola Co. is halting production of sugar-sweetened beverages in Venezuela as the company’s namesake soda pop becomes the latest victim of a lack of raw materials in the cash-strapped country.
The iconic drink is the latest to join a group of basic products becoming scarce in a country beset by currency controls, goods shortages and the world’s highest inflation rate. Kraft Heinz Co. and Clorox Co. have also had to interrupt operations in Venezuela, where it’s now common for citizens to wait in long lines for household items such as deodorant, toilet paper and medicine.