No More Coca-Cola to be Produced in Venezuela
Count Coca-Cola as another one of the victims of Venezuela’s strife and struggles now.
Coca-Cola has released a statement on slideshare.com saying that the company will be ceasing production of its name-sake products in Venezuela, at least for the time being, due to a sugar shortage. However, there would be no change to any of its sugar free products on the market. This comes only a month after Empresas Polar, Venezuela’s largest food and drink company, shut down production of beer due to a shortage of its own.
All of this has happened only a week after violent clashes between opposition party members and security forces in the country, on top of president Nicolas Maduro successfully declaring a state of emergency. The state of emergency allows the president and security forces extra powers in order to try and maintain a sense of stability in the country.
The famous soft drink company is only the latest victim in the crisis in Venezuela, which according to analyst David Osio is currently undergoing turmoil and political and economic issues. This also includes having to put up with electricity shortages and water rationing, due to a drought causing a record water level reduction in the country’s main dam.