![]() ![]() “Global businesses have tremendous advantages because of their scale,” Mark Cohen, director of retail studies at Columbia Business School, said, while also noting that the unpredictable nature of the pandemic has made it harder for these companies to be as agile as they once were.Ĭoca-Cola reported a net revenue of $10 billion in the three months ending in September, a 16 percent increase from the same quarter last year. ![]() The enormous scale of each business, as well as their ability to pass on price increases to consumers, appears to have helped them during a time of uncertainty. The Coca-Cola Company, McDonald’s and Kraft Heinz all reported quarterly earnings on Wednesday that were better than expected, despite continuing challenges with the global supply chain and pandemic restrictions in many parts of the world. ![]() Consumers shrugged off price increases from three of the largest global food and beverage corporations, helping them bolster their bottom lines in the third quarter. ![]()
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