“we will continue. If it doesn't moderate, if there's other countries that fall into this category, because its input costs go up, we will pass those through in price.”

In context

“we are not going to be passing through the input costs in those marketplaces. There are -- it was very concentrated these high inflationary countries, and there has been inflationary moderation. I mean if you look at Argentina for the for the sake of the single dealer example, the monthly inflation rate has dropped markedly through 2024. I think it's down to a few percent a month now or 4% a month. So you definitely see a moderation. Yes, you're right that in a sense, you'll see more of it in the first half and the first quarter than you will in the back end of the year. but inflation has definitively dropped in a lot of these countries because it was very concentrated in a handful Argentina, a couple of the African countries and Turkey. And so the inflation has come down. There's -- but we will continue. If it doesn't moderate, if there's other countries that fall into this category, because its input costs go up, we will pass those through in price. Even though we look to execute all our affordability strategies, we have to pass through the costs in those sorts of environments because it's just too overwhelming. Operator: [indiscernible] question comes from Robert Moskow from TD Cowen. Robert Moskow: I wanted to maybe push a little bit more on your commentary that you can -- you change your mix of packaging to react to aluminum tariffs or higher aluminum costs. Is there any way to kind of delineate this, like how much of a mix shift is necessary to go more toward plastic, less towards aluminum cans in the event of a sharp increase in can cost. It may not be a fair question, but is a 1% change in mix big enough to really influence the cost structure? Or does it have to be something much bigger than that? James Quincey: Look, I think w”