Coca-Cola CEO: “Cost-Conscious” Consumers Trade Down Some Products As Inflation Bites
Despite the Biden administration claiming ‘Bidenomics’ has kick-started an economic renaissance and the Conference Board’s Consumer Confidence Index for July rising, cautionary signs from corporations suggest inflation continues to crush the pocketbooks of the working class. The latest warning comes from Coca-Cola’s CEO, who highlighted a trend of consumers becoming more budget-conscious and switching to …