In the following video, Fool contributor Matt Thalman discuss why he thinks both Coca-Cola (NYSE:KO) and PepsiCo (NYSE:PEP) will survive the test of time, despite being fierce competitors against each other.

In short, both have diversified their businesses and are well positioned to withstand the consumer shift away from soft drinks.

Still, Matt doesn't think the world could survive without Coca-Cola or Pepsi. Watch the video, and then let us know if you agree.

Fool contributor Matt Thalman has no position in any stocks mentioned. Follow Matt on Twitter: @mthalman5513

The Motley Fool recommends Coca-Cola and PepsiCo and owns shares of PepsiCo. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.