In the following video, Fool contributor Matt Thalman discuss why he thinks both Coca-Cola (KO 2.14%) and PepsiCo (PEP 1.08%) 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.