Beverage companies are getting squeezed by higher production costs across the board, but rising prices for plastic are posing the biggest threat to the price of a soda, according to The Wall Street Journal.
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Editor's Insight: Costs continue to rise for product manufacturers that eventually get passed along to both retailers and customers. The political unrest in Egypt, meanwhile, is driving up the cost of oil, which will drive consumer product costs up even more.
Refreshment service operators need to plan now for cost increases this year. Operators must consider that costs will go up faster than sales.
All business owners need to have a strategic plan to survive in today's operating environment. 01-31-11 Elliot Maras