Business Standard

From Caterpillar to Coca-Cola, America Inc's stockpiles set to hit US GDP

Bottlers stocking up ahead of a potentially disruptive Brexit added to Coke's first-quarter profits

Inflation leaves Coca-Cola's bottling arm HCCB thirsty in Indi
Premium

Steve Matthews | Bloomberg
US companies including Coca-Cola Co., Whirlpool Corp. and Caterpillar Inc. confront the need to reverse bloated stockpiles of products after inventories surged across corporate America the past three quarters.

At Coca-Cola, the largest soft-drink maker, European customers bought in advance of possible disruptions from the U.K. exit from the European Union. At appliance seller Whirlpool and construction-equipment giant Caterpillar, there are moves to better align stocks with sales.

In the first quarter, surging inventories contributed to 3.2 percent annualized growth in gross domestic product, far more than economists expected, Commerce Department figures showed Friday. Companies built stocks in advance of potential tariffs

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 27 2019 | 9:00 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com