“And of course, we're expecting, as we go through the fourth quarter into next year, to go to a more normal construct where we'll see decent results in the developed economies and faster growth in the emerging markets, and that will then have a normal shape -- more normal shape to its volume and a more normal shape to its price mix.”

In context

“er that be premium waters or fairlife or some of the Coke SKUs to get the mix to be up. And so the more enduring piece is that ongoing management of affordability and premiumizations to drive our mix. The bit that was more temporary, which is relatively atypical in the last number of years, remember that the average price in emerging markets is lower than average price in the developed economies. Typically speaking, the emerging markets grow faster, so mechanically they are a headwind in price mix because they obviously have a lower price. In this quarter, atypically, the emerging markets have grown slower or have declined relative to the major economies, U.S., Europe, Japan, Australia. And so that actually has a kind of automatic stabilizer effect, which is that it makes price/mix go up. And of course, we're expecting, as we go through the fourth quarter into next year, to go to a more normal construct where we'll see decent results in the developed economies and faster growth in the emerging markets, and that will then have a normal shape -- more normal shape to its volume and a more normal shape to its price mix. So I think we feel good about where this is likely to go. Operator: Our next question comes from Lauren Lieberman from Barclays. Please go ahead. Your line is open. Lauren Lieberman: Great. Thanks. I would love to hear a bit more about those adapted-quickly items, James, that you kind of spoke to. So believing in our control, there's a lot there, right? So I just would love if we could get some more maybe tangible examples of what you're doing to adapt quickly that is having -- you're able to execute quickly and have a quick payback. And since you teased the macro, let's get your view on the macro environment as well. Thanks. James Quincey: Sure. I mean I don't think my view on the macro environment is going to take us too far. It's basically two big thoughts. One, at a global level, the”