Contingency plans have been put in place to ensure the supply of Coca-Cola products is not disrupted amid rising tensions between Russia and Ukraine, according to Coca-Cola HBC’s CEO. Speaking after the release of the company’s full-year results yesterday, Zoran Bogdanovic revealed an alternative supply of Coca-Cola concentrate is being sourced in the event that supply from Europe becomes restricted. The company holds the franchise agreement to bottle and sell the Coca-Cola Co's portfolio of brands in both the Russian and Ukrainian markets. “In case we are unable to source from Europe, alternative supply points have already been arranged and they are on standby,” Bogdanovic said. “On top of that, we are sitting on a very good level of current stock. “Alternative supply points would include Africa as well as Asia," he added. "This would not be the first time we would be activating those. We know that it can work quite well." The CEO acknowledged that both Russia and Ukraine had been “strong contributors” to CCHBC's growth last year. Sales in the group's ‘Emerging’ markets reporting division - which includes the two countries - were up almost a quarter on 2020. Bogdanovic insisted that although there had been “no impact” from the geopolitical situation so far, the group continues to monitor the situation in the region. “We have assessed various possible scenarios for which we have precise contingency plans, and we are ready to activate any of those plans depending how the situation evolves,” he said. “These are holistic plans dealing with all elements and angles; supply point, production, operating, financial aspects, as well as people's safety and protection aspect. We are fully on top of it.” Yesterday, CCHBC posted sales of almost EUR7.2bn from the 12 months to the end of December, with the fourth quarter coming in 22.1% ahead of the same period the previous year. Supply Chain Special: What’s the impact on soft drinks? – Just Drinks comment