Coca-Cola will shut down the juice and smoothie brand Odwalla at the end of July due to a "rapidly shifting marketplace" with health-conscious consumers becoming less interested in smoothies.
It is not directly related to the coronavirus pandemic.
According to John Hackett, president of Coca-Cola's (KO) Minute Maid business unit, the decision was made when the company is evaluating where it can improve efficiencies in their business and operations.
Coca-Cola acquired Odwalla in 2001.
Food companies are reducing their product offerings during the pandemic to make operations more efficient and meet the demand for their most popular items.
Coke CEO James Quincey said April while outlining the tactic that the less complexity in the supply chain, the higher the chance for success and focusing on the most significant brands would benefit consumers.
Delivering Odwalla products to retail locations would require a fleet of about 230 refrigerated trucks, which could complicate Coke's supply chain.


Ford Takes $19.5 Billion Charge as EV Strategy Shifts Toward Hybrids
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag
FDA Says No Black Box Warning Planned for COVID-19 Vaccines Despite Safety Debate
Trump Sues BBC for Defamation Over Edited Capitol Riot Speech Clip
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit
FAA Unveils Flight Plan 2026 to Strengthen Aviation Safety and Workforce Development
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles
EU Signals Major Shift on 2035 Combustion Engine Ban Amid Auto Industry Pressure
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 



