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Logroño, La Rioja, Spain. 04 August 2021. The article “The evolution of sustainability models for Open Educational Resources: insights from Read more
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The World's Most Trusted Business Sustainability Ratings
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EcoVadis helps you manage your network both upstream and downstream, either by sharing your performance with your stakeholders or monitoring the performance of your own upstream value chain.
Tens of thousands of companies partner with EcoVadis to collaborate on sustainability with a common platform, universal scorecard, benchmarks and performance improvement tools.
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Leading companies are working with high-performing trading partners to develop new large coca cola piggy bank products and revenue opportunities.
Johnson & Johnson is a holding company, which engages in the research and development, manufacture and sale of large coca cola piggy bank in the health care field. It operates through the following segments: Consumer, Pharmaceutical, and Medical Devices.
By partnering with our suppliers, we can strengthen the social, environmental and economic performance of our supply chain, reducing our collective footprints and strengthening our companies as well. EcoVadis helps us to map our supplier conformance to J&J Responsibility Standards.
Len DeCandiaChief Procurement Officer
Nestlé SA is a nutrition, health and wellness company, which engages in the manufacture, supply and production of prepared dishes and cooking aids, milk-based products, pharmaceuticals and ophthalmic goods, baby foods and cereals.
We have found EcoVadis to be extremely efficient and useful to manage most of our service and indirect materials suppliers. Through EcoVadis we are able to get a deep understanding of our suppliers' practices. Aligned with Nestlé Responsible Sourcing, EcoVadis gives suppliers a unique way to demonstrate their sustainability performance by building on what they already have. For buying organizations such as Nestlé, the EcoVadis platform is one of the tools we use to avoid duplication and to ensure effective collaboration on responsible sourcing with our strategic suppliers.
Taylor MillerResponsible Sourcing Manager
Centrica plc is a British multinational energy and services company with its headquarters in Windsor, Berkshire. Its principal activity is the supply of electricity and gas to businesses and consumers in the United Kingdom, Ireland and North America.
EcoVadis has enabled us to take our responsible procurement program to the next step. We especially appreciate its engagement with suppliers in multiple languages and regions. The ratings and benchmarking make it easy for our procurement teams to make decisions and to maintain and improve performance.
LVMH Moet Hennessy Louis Vuitton SE is a luxury goods company. Its business activities are divided into various business groups, including Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective retailing and Other activities.
New regulations can be helpful because until recently sustainability was something that each LVMH House had to approach on its own. Now, with Sapin II and "Devoir de vigilance" (Duty of Care) regulations, especially in France, the group as a whole is also responsible for what happens at the subsidiary level. This means we need to create more links between what can be done at House level, the business line level, or at the group level. It also strengthens all the synergies we want to create between our subsidiaries. This is a very positive thing for us. The advice I would give about using EcoVadis is that it can help you to make a quick and fairly accurate mapping of the suppliers who are at risk
Christian GalichonCPO, LVMH
Founded in 1876, Henkel operates worldwide in three business areas: Adhesive Technologies, Beauty Care and Laundry & Home Care.
The company holds leading positions in both industrial and consumer businesses thanks to brands, innovations and technologies such as Persil, Schwarzkopf and Loctite.
Besides the metrics, EcoVadis provides a point of entry for discussion with our suppliers, enabling dialogue about innovation. These can potentially result in joint opportunities, creating a competitive advantage for Henkel or simply securing supply.
Katrin FeyerabendGlobal Head Responsible Sourcing
L’Oréal S.A. is a French personal care company headquartered in Clichy, Hauts-de-Seine with a registered office in Paris. It is the world’s largest cosmetics company and has developed activities in the field concentrating on large coca cola piggy bank colour, skin care, sun protection, make-up, perfume, and hair care.
We have more than 70.000 suppliers, and I'm just talking about tier one. Knowing this very large scope, I need people around me to help me drive my action plans.
Regine LucasChief Procurement Officer, L'Oréal
Atos is a French multinational information technology (IT) service and consulting company headquartered in Bezons, France and offices worldwide. It specialises in hi-tech transactional services, unified communications, cloud, big data and cybersecurity services.
We at procurement have to help our sales large coca cola piggy bank with bids to our customers or clients or potential clients. Certainly, we've seen recently that more clients are asking for a sustainability criteria or even an EcoVadis score within the bid package that we're putting back. In the UK, we won a public sector bid. The difference was the fact that we had a CSR score and a sustainability program that we could reference and that they recognized.
Group PSA is a French multinational manufacturer of automobiles and motorcycles sold under the Peugeot, Citroën, DS, Opel and Vauxhall brands.
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Erik RichterSustainable Procurement Manager
If you look at our vehicles, more than 90% of what they are made of is purchased.This is why we are working in the purchasing department to ensure that all the vehicles on the street are produced in a sustainable way. Here we really have a very big job to do. There’s also something for us in it, it's a pleasure to do that and we really feel empowered to do it to really drive the industry in that. I think this is a natural thing to do.
Erik RichterSustainable Procurement Manager
Founded in 1933, Air France is a founding Member of SkyTeam. Air France is always pursuing an ongoing policy focused on quality and innovation. Tailoring products and services to customers’ expectations is one of the most important challenges of Air France. Our efforts have led to major overhauls, such as the introduction of the New Travel Concept on long-haul flights, in particular with the new cabin layout in La Première (First Class), Affaires (Business Class), Premium Voyageur (Premium Economy) and Voyageur (Economy) cabins, along with significant changes to medium-haul flights.
We chose EcoVadis because we believe that we should work with subject matter experts, because we do not have the resources in-house and because EcoVadis has made it possible for us to have a procedure, a network of suppliers and a structured method for the evaluation of suppliers. It fully meets our needs and I think it can meet the needs of many companies.
Christine MaginotProcurement Process and Performance Senior Manager
Founded in 1964, Cascades offers sustainable, innovative and value-added packaging, hygiene and recovery solutions. Cascades provides innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet.
In 2012, all the evaluations were conducted in-house and our sustainable development team looked at several companies that could support us. EcoVadis was the most advanced among them and the one we decided to go for. And last year, when it was time to renew our contract, we looked again at what's available in the market and decided to continue with EcoVadis. One of the things we really appreciate is the support we receive from the experts who work with us to help us improve.
Chantale RouleauProcurement Director
Belron International Ltd. is the world’s leading provider of vehicle glass repair and replacement (VGRR) services. The company operates a network of thousands of glass replacement service centers, backed by a mobile repair fleet.
For me, as a CSR director, it is very important to have this kind of tool to engage people in the strategy. We send the score to the partners that ask us to be evaluated by EcoVadis, and we also give this score to the other partners who have not asked us to be evaluated. This gives us an external approval, external approach of what we do, and this is something very important.
Céline Coulibre-DuménilCSR & Corporate Communication Officer
We adopted the EcoVadis platform because it was one of the longest established assessment platforms with a good robust approach to assessing and reviewing performance in the sustainability area. Also, we had one of our key clients who was requiring us to complete it as a supplier, and this basically gave us a really good synergy to adopt a program, which not only was satisfying our clients, but which large coca cola piggy bank was helping us internally to drive sustainable thinking and embedding a sustainable approach to business within each of our organizations. The thing that we really like about the EcoVadis platform is a template which each of our businesses can adopt and can use to help them for their own purposes, for their own priorities within their particular country, within their particular market and it gives them their own local ownership.
Justin BazalgetteHead of CSR Measurement & Environmental Efficiency
Atlinks is principally engaged in home and office telecommunication product large coca cola piggy bank. Their customers include large consumers retail chain stores, telecom operators and distributors mainly located in Europe and Latin America.
Back in 2012, one first-tier telecom operator customer requested us to fill in the questionnaire as a supplier and then a second one. We soon saw the benefits of joining the EcoVadis program. It is a very well-known platform for CSR evaluation and other customers were also asking to see our assessment. Plus the fact that we got good results encouraged us to communicate this more widely to our customers. Sustainability assessments are now part of our management system and are planned at the end of the yearly cycle of activities, programs, training, audits, awareness and reviews. This has also proved very useful for our IPO because the Hong Kong Exchange market is very demanding when it comes to sustainability. We had a number of initiatives in place before but EcoVadis helped us structure them and create value for our customers.
Carmen HualdaCSR Manager
AXA is a French multinational insurance firm headquartered in the 8th arrondissement of Paris that engages in global insurance, investment management, and other financial services.
The benefit of working with EcoVadis is their expertise and their support to train our procurement colleagues and helping us to redefined our processes to understand the risks and proactively address them.
Simon LodgeHead of category management, AXA UK
The Beckers Group is a global coatings company that is focused on developing high-quality environmentally compatible paint systems. With expertise based on their long history dating back over 150 years, Beckers today provides solutions to customers in 60 countries.
EcoVadis is a good guideline for the suppliers to develop their processes and performance, diminishing the long term supply risk [for Becker's Group]
Thomas LuederGlobal Director Procurement and Supply Chain Management
Ciena is a networking systems, services and software company. They provide solutions that help their clients create the Adaptive NetworkTM in response to the constantly changing demands of their users.
The scorecard feedback is relatively easy to use and understand and includes integrated corrective actions. The format highlights focus areas which is helpful when talking with buyers about a supplier’s performance.
Mark StevensDirector of Corporate Social Responsibility"
Clariant AG is a Swiss speciality chemicals company, formed in 1995 as a spin-off from Sandoz. The company is focused on four business areas: care chemicals (consumer and industrial); catalysis; natural resources (oil & mining, minerals); and plastics & coatings.
The key advantages and benefits of the EcoVadis methodology are that it is extremely flexible, so it can adapt to the supplier profile across industries, geographies and sizes. Additionally, it not only provides a score, but it provides a basis for suppliers to drive an improvement program. The suppliers are therefore able to show us and themselves how much they have improved in terms of sustainability performance.
Cesare GuariniHead of Procurement - Strategy Initiatives
Coca-Cola Amatil Limited (CCA) is one of the largest bottlers of non-alcoholic ready-to-drink beverages in the Asia-Pacific region and one of the world’s five major Coca-Cola bottlers.
Sustainable procurement for us started in the 'Protect' area, where we are all about risk management and brand reputation, making sure citibank government travel card sign in suppliers are doing the right thing. A rigorous internal communication and engagement plan was developed in order to gain support and incorporate feedback prior the program launch.
Michael HaynesGroup Procurement Category Manager & Sustainable Procurement
EA is a 100% employee-owned public benefit corporation that provides environmental, compliance, natural resources, and infrastructure engineering and management solutions to a wide range of public and private sector clients.
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Michael BattleChief Operating Officer
Firmenich SA is a private Swiss company in the fragrance and flavor business. It is the largest privately owned company in the field and ranks number two worldwide. Firmenich has created perfumes for over 100 years and produced a number of well-known scents.
EcoVadis has become a strategic tool for us and a way to structure what we do. And also a way to engage our teams. From a business point of view, a lot of our clients who know EcoVadis ask for EcoVadis Rating. It certainly helps create a common ground with our clients as well. I think we are looking forward in the future to do the same with our suppliers and to create this very interesting positive chain, from brands all the way down to farmers or suppliers in our other fields.
Bérangère Magarinos-RuchatGlobal Head of Sustainability
ManpowerGroup is the world leader in innovative workforce solutions, connecting human potential to the power of business. ManpowerGroup serves both large and small organizations across all industry sectors through our brands and offerings: ManpowerGroup Solutions, Experis, Manpower and Right Management.
We use the EcoVadis assessment as our common standard to educate local teams about global client expectations, discover areas of potential risk, and identify good practices to share across the organization.
JoAnn StrickonGlobal Sustainability Manager
UPM products include pulp, paper, plywood, sawn timber, labels and composites, bioenergy, biofuels for transport, biochemicals and nano products. The company is the world’s leading producer of graphic papers and second-largest producer of self-adhesive label materials.
UPM has a rather large supply base. We have over 25,000 suppliers, and we source a lot of different raw materials. For us, it's crucial to know where the risks are. We need tools that help us first security bank of missoula mt where to focus our actions.
Nina NjoramaDirector of Social Responsibility
Verescence is the world leader in glass bottle manufacturing large coca cola piggy bank the Perfumery and Cosmetics Industry and has been supplying the biggest brands with glass for over 120 years.
We were evaluated EcoVadis for several years due to our customers' request. Three years ago, large coca cola piggy bank took the decision at the executive committee level to choose Ecovadis as the internal reference for our sustainability initiatives. That allowed us to structure our CSR system because the EcoVadis reference framework covers all of the CSR issues and, on the other hand, it also allowed us to align the different subsidiaries with the group's strategy and ensure that the deployment of this strategy was both measurable and aligned with the group's strategies.
Alain ThorreExecutive Director of Quality CSR and Continuous Improvement
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The Coca-Cola Company is an American multinationalbeverage corporation incorporated under Delaware's General Corporation Law[a] and headquartered in Atlanta, Georgia. The Coca-Cola Company has interests in the manufacturing, retailing, and marketing of nonalcoholic beverage concentrates and syrups, and alcoholic beverages. The company produces Coca-Cola, the sugary drink for which it is best known, invented in 1886 by pharmacist John Stith Pemberton. At the time, the product was made with coca leaves, which added an amount of cocaine to the drink, and with kola nuts, which added caffeine, so that the coca and the kola together provided a stimulative effect. This stimulative effect is the reason the drink was sold to the public as a healthy "tonic," and the coca and the kola are also the source of the name of the product and of the company.[2] In 1889, the formula and brand were sold for $2,300 (roughly $68,000 in 2021) to Asa Griggs Candler, who incorporated The Coca-Cola Company in Atlanta in 1892.
The company has operated a franchised distribution system since 1889.[3] The company largely produces syrup concentrate, which is then sold to various bottlers throughout the world who hold exclusive territories. The company owns its anchor bottler in North America, Coca-Cola Refreshments.[4] The company's stock is listed on the NYSE and is part of DJIA and the S&P 500 and S&P 100 indexes. The Coca-Cola Company is the world's largest producer of plastic waste.[5]
History[edit]
Main article: Coca-Cola
The Coca-Cola Company logo until June 2020. This logo is still used for secondary purposes, such as the footer of their website.
In July 1886, pharmacist John Stith Pemberton from Columbus, Georgia invented the original Coca-Cola drink, which was advertised as helpful in the relief of headache, to be placed primarily on sale in drugstores as a medicinal beverage, Pemberton continued mixing experiments and reached his goal during the month of May, the new product as yet unnamed nor a carbonated drink, was ready for the market and was made available for sale. Pemberton's bookkeeper, Frank M. Robinson, is credited with naming the product and creating its logo.[7] Robinson chose the name Coca-Cola because of its two main ingredients (coca leaves and kola nuts) and because it sounded like an alliteration. John Pemberton had taken a break and left Robinson to make and promote, as well as sell Coca-Cola on his own. He promoted the drink with the limited budget that he had, and succeeded.[8]
In 1889, American businessman Asa Griggs Candler completed his purchase of the Coca-Cola formula and brand from Pemberton's heirs.[citation needed] In 1892, the Coca-Cola Company was formally founded in Atlanta by Candler. By 1895, Coca-Cola was being sold in every state in the union.[9] In 1919, the company was sold to Ernest Woodruff's Trust Company of Georgia.[10]
Coca-Cola's first ad read "Coca Cola. Delicious! Refreshing! Exhilarating! Invigorating!"[8] Candler was one of the first businessmen to use merchandising in his advertising strategy.[citation needed] As of 1948, Coca-Cola had claimed about 60% of its market share.[9] By 1984, The Coca-Cola Company's market share decreased to 21.8% due to new competitors, namely Pepsi.[9]
Acquisitions[edit]
Coca-Cola acquired Minute Maid in 1960 for an undisclosed amount.[11][12] In 1982, it acquired the movie studio Columbia Pictures for $692 million.[13] Columbia was sold to Sony for $3 billion in 1989.[13]
The company acquired the Indian cola brand Thums Up in 1993,[14] and Barq's in 1995.[15] In 1999, Coca-Cola purchased 50% of the shares of Inca Kola for $200 million, subsequently taking control of overseas marketing and production for the brand.[16] In 2001, it acquired the Odwalla brand of fruit juices, smoothies, and bars for $181 million.[17][18] It announced Odwalla's discontinuation in 2020.[19] In 2007, it acquired Fuze Beverage from founder Lance Collins and Castanea Partners for an estimated $250 million.[20][21]
The company's 2009 bid to buy Chinese juice maker Huiyuan Juice Group ended when China rejected its $2.4 billion bid, on the grounds the resulting company would be a virtual monopoly.[22] Nationalism was also thought to be a reason for aborting the deal.[23]
In 2011, it acquired the remaining stake in Honest Tea, having bought a 40% stake in 2008 for $43 million.[24] In 2013, it finalized its purchase of ZICO, a coconut water company.[25][26][27] In August 2014, it acquired a 16.7% (currently 19.36% due to stock buy backs) stake in Monster Beverage for $2.15 billion with an option to increase it to 25%, as part of a long-term strategic partnership that includes marketing and distribution alliance, and product line swap.[28] In 2015, the company took a minority stake ownership in the cold pressed juice manufacturer, Suja Life LLC.[29][30] In December 2016, it bought many of the former SABMiller's Coca-Cola operations.[31] The Coca-Cola Company owns a 68.3% stake in Coca-Cola Bottlers Africa. Coca-Cola Bottlers Africa's headquarters located in Port Elizabeth South Africa.
The Coca-Cola Company acquired a 40% stake in Chi Ltd on January 30, 2016. The Coca-Cola Company acquired the remaining 60% stake in Chi Ltd on January 30, 2019.
In 2017, The Coca-Cola Company acquired Mexican sparkling water brand Topo Chico.[32]
On August 31, 2018, it agreed to acquire Costa Coffee from Whitbread for £3.9bn. The acquisition closed on January 3, 2019.[33] During August 2018, The Coca-Cola Company acquired Moxie for an undisclosed amount.[34] On August 14, 2018, The Coca-Cola Company announced a minority interest in Body Armor.[35] On September 19, 2018, The Coca-Cola Company acquired Organic & Raw Trading Co. Pty Ltd the manufacturer of MOJO Kombucha in Willunga, Australia.
On October 5, 2018, The Coca-Cola Company acquired a 22.5% stake in MADE Group from the company's three founders: Luke Marget, Matt Dennis, and Brad Wilson. The Coca-Cola Company owns a 30.8% stake in Coca-Cola Amatil Ltd; therefore, The Coca-Cola Company owns a further 6.93% stake in MADE Group through its ownership stake in Coca-Cola Amatil Ltd.
Revenue and sales[edit]
According to The Coca-Cola Company's 2005 Annual Report, it had sold beverage products in more than 200 countries that year.[36] The 2005 report further states that of the more than 50 billion beverage servings of all types consumed worldwide, daily, beverages bearing the trademarks owned by or licensed to Coca-Cola account for approximately $1.5 billion. Of these, beverages bearing the trademark "Coca-Cola" or "Coke" accounted for approximately 78% of the company's total gallon sales.[36]
In 2010, it was announced that Coca-Cola had become the first brand to top £1 billion in annual UK grocery sales.[37] In 2017, Coca-Cola sales were down 11% from the year before due to consumer tastes shifting away from sugary drinks.[38]
Year
Revenue in mil. USD
Net income in mil. USD
Price per Share in USD
Employees
2000[39]
17,354
2,177
27.71
2001[39]
17,545
3,969
24.35
2002[39]
19,394
3,050
24.88
2003[39]
20,857
4,347
22.04
2004[40]
21,742
4,847
23.22
2005[41]
23,104
4,872
21.38
2006[42]
24,088
5,080
21.94
2007[43]
28,857
5,981
26.89
90,500
2008[44]
31,944
5,807
26.91
92,400
2009[45]
30,990
6,824
24.38
92,800
2010[46]
35,119
11,787
28.26
139,600
2011[47]
46,542
8,584
33.32
146,200
2012[48]
48,017
9,019
37.06
150,900
2013[49]
46,854
8,584
39.66
130,600
2014[50]
45,998
7,098
40.84
129,200
2015[51]
44,294
7,351
41.24
123,200
2016[52]
41,863
6,527
43.54
100,300
2017[53]
35,410
1,248
44.34
61,800
2018[54]
34,300
6,434
45.41
62,600
2019[55]
37,266
8,920
50.82
86,200
2020[56]
33,014
7,747
49.95
80,300
Stock[edit]
Certificate of Purchase Class A Stock for 20 Shares of The Coca-Cola Company, issued February 20, 1929
Since 1919, Coca-Cola has been a publicly traded company. Its stock is listed on the New York Stock Exchange under the ticker symbol "KO".[58] One share of stock purchased in 1919 for $40, with all dividends reinvested, would have been worth $9.8 million in 2012, a 10.7% annual increase adjusted for inflation.[59] A predecessor bank of SunTrust received $100,000 for underwriting Coca-Cola's 1919 public offering; the bank sold that stock for over $2 billion in 2012.[60] In 1987, Coca-Cola once again became one of the 30 stocks which makes up the Dow Jones Industrial Average, which is commonly referenced as a proxy for stock market performance; it had previously been a Dow stock from 1932 to 1935.[61] Coca-Cola has paid a dividend since 1920 and, as of 2019, had increased it each year for 57 years straight.[62][63][64][65]
Staff and management[edit]
Main page: Category:Coca-Cola people
The following are key management as of July 2021 (excluding VP positions and regional leaders):[66]
James Quincey (Chairman of the Board and chief executive officer)
Brian Smith (president and chief operating officer)
Manuel Arroyo (chief marketing officer)
Alfredo Rivera (President, North America Operating Unit)
Beatriz Perez (chief of communications, sustainability & strategic partnerships)
John Murphy (chief financial officer)
Giles Leclerc (President, The McDonald's Division)
The following are all directors as of November 2016:[66]
See also: Category:Directors of The Coca-Cola Company
Bottlers[edit]
In general, The Coca-Cola Company and its subsidiaries only produce syrup concentrate, which is then sold to various bottlers throughout the world who hold a local Coca-Cola franchise.[67] Coca-Cola bottlers, who hold territorially exclusive contracts with the company, produce the finished product in cans and bottles from the concentrate, in combination with filtered water and sweeteners. The bottlers then sell, distribute, and merchandise the Coca-Cola product to retail stores, vending machines, restaurants, and food service distributors.[67] Outside the United States, these bottlers also control the fountain business.[citation needed]
Since the 1980s, the company has actively encouraged the consolidation of bottlers, with the company often owning a share of these "anchor bottlers."[68]
Outside North America
The company's largest bottlers outside North America are:[69]
Coca-Cola Europacific Partners PLC, based in the United Kingdom (western Europe) (Company owns 19.36%)
National Beverage Company Sal, based in Beirut, Lebanon
International Beverages Pvt. Ltd., based in Bangladesh (Fully owned subsidiary of The Coca-Cola Company)[70]
Coca-Cola Bottling Shqipëria, based in Albania
Coca-Cola Beverages Philippines, based in the Philippines (fully owned subsidiary of The Coca-Cola Company)
Coca-Cola FEMSA, based in Mexico (Mexico, Argentina, Brazil, Colombia, Guatemala, Nicaragua, Panama, Uruguay and Venezuela) (Company owns 27.8%)
Arca Continental, also based in Mexico (parts of Mexico and Latin America and in US under Coca-Cola Southwest Beverages LLC in the state of Texas and parts of New Mexico, Oklahoma and Arkansas ) (independent)
Embotelladora Andina S.A, based in Chile (southern South America) (Company owns 14.7% of series A common stock outstanding & 14.7% of series B common stock outstanding)
Coca-Cola Beverages Africa, based in Port Elizabeth, South Africa (southern and eastern Africa) (company owns 68.3%)
Coca-Cola Beverages Korea, based in South Korea (independent; owned by LG Household & Health Care)
Coca-Cola HBC AG, originally based in Greece but now located in Switzerland (Greece, Ireland, Eastern Europe, Russia, and Nigeria) (Company owns 23.2%)
Coca-Cola Icecek Based in Turkey (Turkey, South West Asia, Arabia) (Company owns 20.1%)
Swire, based in Hong Kong (China, Taiwan, Hong Kong) (independent)
Kirin Company, based in Japan (independent)
Coca-Cola Bottlers Japan (through a holding company, Company owns 16.3%)
In the United States, the company bypasses bottlers by manufacturing and selling fountain syrups directly to authorized fountain wholesalers and some fountain retailers.[71]
As of 2014, after purchasing the North American assets of Coca-Cola Enterprises, the company directly owns 100% of Coca-Cola Refreshments, the anchor bottler of Coca-Cola products in North America, representing about 90% of Canada and 80% of the United States.[citation needed]
Other major bottlers in the United States are:
In September 2015, the company announced the sale of several production plants and territories to Swire, Consolidated, and United, and creation of the Coca-Cola National Product Supply System which controls 95% of the territory in the United States.[72]
Consumer relations and civic involvement[edit]
After Martin Luther King, Jr. won the 1964 Nobel Peace Prize, plans for an interracial celebratory dinner in still-segregated Atlanta were not initially well supported by the city's business elite until Coca-Cola intervened.[73]
J. Paul Austin, the chairman and CEO of Coca-Cola, and Mayor Ivan Allen summoned key Atlanta business leaders to the Commerce Club's eighteenth-floor dining room, where Austin told them flatly, 'It is embarrassing for Coca-Cola to be located in a city that refuses to honor its Nobel Prize winner. We are an international business. The Coca-Cola Company does not need Atlanta. You all need to decide whether Atlanta needs the Coca-Cola Company.' Within two hours of the end of that meeting, every ticket to the dinner was sold.
— Andrew Young[74]
Throughout 2012, Coca-Cola contributed $1,700,500 to a $46 million political campaign known as "The Coalition Against The Costly Food Labeling Proposition, sponsored by Farmers and Food Producers".[75] This organization was set up to oppose a citizen's initiative, known as Proposition 37, demanding mandatory labeling of foods containing genetically modified ingredients.[76]
In 2012, Coca-Cola was listed as a partner of the (RED) campaign, together with other brands such as Nike, Girl, American Express, and Converse. The campaign's mission is to prevent the transmission of the HIV virus from mother to child by 2015 (the campaign's byline is "Fighting for an AIDS Free Generation").[77]
Plastic production and waste[edit]
See also: Plastic pollution
Discussion about plastic waste with the Coca-Cola CEO
The Coca-Cola Company is the world's largest producer of plastic waste, for two years in a row[5] producing over 3 million tonnes of plastic packaging each year including 110 billion plastic bottles. The company's global chief executive has admitted that Coca-Cola has no plans to reduce its use of plastic bottles;[78] in fact, the company has "quietly fought efforts" to reduce the amount of plastic waste it creates, partly by opposing bottle bill legislation.[79] The head of sustainability Bea Perez has said they will continue to use plastic, claiming "customers like them because they reseal and are lightweight".
Criticism[edit]
Main article: Criticism of Coca-Cola
Since the early 2000s, the criticisms over the use of Coca-Cola products as well as the company itself, escalated with concerns over health effects, environmental issues, animal testing, economic business practices and employee issues.[80] The Coca-Cola Company has been faced with multiple lawsuits concerning these various criticisms.[81]
Advertising[edit]
Coca-Cola advertising has "been among the most prolific in marketing history," with a notable and major impact on popular culture and society as a whole.[82] The company in recent years has spent approximately an annual $4 billion globally to promote its drinks to the public; and spent approximately $4.24 billion on advertising in fiscal year 2019, the lion's share of which was spent to advertise Coca Cola.[83]
Coca-Cola advertises through direct marketing, web-based media, social media, text messaging, and sales promotions. The company also markets via mobile marketing in text messages, e.g. viral marketing campaigns.[82]
Fan engagement spans 86 million globally across social media channels: online interaction, and social, cultural, or sporting events.[82]
In the retail setting, direct store beverage delivery trucks (mobile advertising) as well as point of sale coolers and vending machines have bright red logo blazoned branding. In terms of foodservice, Coca-Cola is a food pairing suggestion that is now ingrained as a food match, e.g., for popcorn, hamburgers, french fries, and hot dog combos.[82]
Products and brands[edit]
Main article: List of Coca-Cola brands
See also: List of assets owned by The Coca-Cola Company
Coca-Cola Company's office building in Madrid(Spain)
As of 2020, the Coca-Cola Company offers more than 500 brands in over 200 countries. In September 2020, the company announced that it would cut more than half of its brands, as a result of the economic effects caused by the COVID-19 pandemic.[84]
Non-food assets[edit]
Columbia Pictures[edit]
Coca-Cola bought Columbia Pictures in 1982, owing to the low monetary value of the studio. The film company was the first and only studio ever be owned by Coca-Cola. During its ownership of the studio, Columbia released many popular films including Ghostbusters, Stripes, The Karate Kid, and some others. However, two years after the critical and commercial failure of the 1987 film Ishtar, Columbia was spun-off and then sold to Tokyo-based Sony in 1989.[13]
World of Coca-Cola[edit]
Main article: World of Coca-Cola
Coca-Cola operates a soft drink themed tourist attraction in Atlanta, Georgia; the World of Coca-Cola is a multi-storied exhibition. It features flavor sampling and a history museum, with locations in Las Vegas, Nevada, and Lake Buena Vista, Florida.[85][86]
Brands[edit]
Other soft drinks[edit]
The Coca-Cola Company also produces a number of other soft drinks including Fanta (introduced circa 1941) and Sprite. Fanta's origins date back to World War II during a trade embargo against Germany on cola syrup, making it impossible to sell Coca-Cola in Germany. Max Keith, the head of Coca-Cola's German office during the war, decided to create a new product for the German market, made only from products available in Germany at the time, which they named Fanta.[87] The drink proved to be a hit, and when Coke took over again after the war, it adopted the Fanta brand as well. Fanta was originally an orange-flavored soft drink that can come in plastic bottles or cans. It has become available in many different flavors now such as grape, peach, grapefruit, apple, pineapple, and strawberry.
In 1961, Coca-Cola introduced Sprite, a lemon-lime soft drink, another of the company's bestsellers and its response to 7 Up.
Tab was Coca-Cola's first attempt to develop a diet soft drink, using saccharin as a sugar substitute. Introduced in 1963, the product was sold until fall 2020,[88] although its sales had dwindled since the introduction of Diet Coke.[89]
An ad in Berlin, Germany.
Coca-Cola South Africa also released Valpre Bottled "still" and "sparkling" water.
In 1969, the company released Simba, which was a take on Mountain Dew, and had packaging that was African desert-themed, replete with an African Lion as the symbol of the brand. The tagline was "Simba – It Conquers the African Thirst."
Also in 1969, the company released a line of products under the name of Santiba, which was targeted for mixing cocktails and party usage, products including Quinine water and Ginger Ale. Like the above-mentioned Simba, the Santiba line of products was short-lived in the marketplace.
BreakMate[edit]
Main article: BreakMate
No longer manufactured, the Coca-Cola BreakMate was a three-flavor dispenser introduced by Coca-Cola and Siemens in 1988. Intended for use in offices with five to fifty people,[90] its refrigerated compartment held three individual one-litre plastic containers of soda syrup and a CO2 tank. Like a soda fountain, it mixed syrup in a 1:5 ratio with carbonated water. In North America, Coca-Cola discontinued spare BreakMate parts in 2007 and stopped distributing the syrup in 2010.[91]
Healthy beverages[edit]
During the 1990s, the company responded to the growing consumer interest in healthy beverages by introducing several new non-carbonated beverage brands. These included Minute Maid Juices to Go, Powerade sports beverage, flavored tea Nestea (in a joint venture with Nestlé), Fruitopia fruit drink, and Dasani water, among others. In 2001, the Minute Maid division launched the Simply Orange brand of juices including orange juice. In 2016, Coca-Cola India introduced Vio to enter into the value-added dairy category. The product lays the foundation for Coca-Cola's new segment after carbonated beverages, water and juices.[92]
In 2004, perhaps in response to the burgeoning popularity of low-carbohydrate diets such as the Atkins diet, Coca-Cola announced its intention to develop and sell a low-carbohydrate alternative to Coke Classic, dubbed C2 Cola. C2 contains a mix of high fructose corn syrup, aspartame, sucralose, and Acesulfame potassium. C2 is designed to more closely emulate the taste of Coca-Cola Classic. Even with less than half of the food energy and carbohydrates of standard soft drinks, C2 is not a replacement for zero-calorie soft drinks such as Diet Coke. C2 went on sale in the U.S. on June 11, 2004, and in Canada in August 2004; it was replaced in 2013 by Coca-Cola Life.
Starting in 2009, The Coca-Cola Company invested in Innocent Drinks, first with a minor stake, increasing to 90% in the first quarter of 2013.[93]
It was in May 2014 when Finley, a sparkling fruit-flavored drink, was launched in France. It was launched in other countries later,[94] including Belgium and Luxembourg in September 2014. Coca-Cola first started developing the drink in Belgium in 2001.[95] As of 2014, the drink is targeted for adults, and is low in sugar with four flavors.[94]
Best selling[edit]
Coca-Cola is the best-selling soft drink in most countries, and was recognized as the number one global brand in 2010.[96] While the Middle East is one of the few regions in the world where Coca-Cola is not the number one soda drink, Coca-Cola nonetheless holds almost 25% market share (to Pepsi's 75%) and had double-digit growth in 2003.[97] Similarly, in Scotland, where the locally produced Irn-Bru was once more popular, 2005 figures show that both Coca-Cola and Diet Coke now outsell Irn-Bru.[98] In Peru, the native Inca Kola has been more popular than Coca-Cola, which prompted Coca-Cola to enter in negotiations with the soft drink's company and buy 50% of its stakes. In Japan, the best selling soft drink is not cola, as (canned) tea and coffee are more popular.[99] As such, The Coca-Cola Company's best selling brand there is not Coca-Cola, but Georgia.[100] In May 2016, The Coca-Cola Company temporarily halted production of its signature drink in Venezuela due to sugar shortages.[101] Since then, The Coca-Cola Company has been using "minimum inventories of raw material" to make their signature drinks at two production plants in Venezuela.[102]
Information[edit]
On July 6, 2006, a Coca-Cola employee and two other people were arrested and charged with trying to sell trade secret information to the soft drink maker's competitor PepsiCo for $1.5 million. The recipe for Coca-Cola, perhaps the company's most closely guarded secret, was never in jeopardy; instead, the information was related to a new beverage in development. Coca-Cola executives verified that the trade secret documents in question were genuine and proprietary to the company. At least one glass vial containing a sample of a new drink was offered for sale, court documents said. The conspiracy was revealed by PepsiCo, which notified authorities when it was approached by the conspirators.[103]
Green tea[edit]
The company announced a new "negative calorie" green tea drink, Enviga, in 2006, along with trying coffee retail concepts Far Coast and Chaqwa.
Glaceau[edit]
On May 25, 2007, Coca-Cola announced it would purchase Glaceau, a maker of flavored vitamin-enhanced drinks (vitamin water), flavored waters, and Burn energy drinks, for $4.1 billion in cash.[104]
Huiyuan Juice[edit]
On September 3, 2008, Coca-Cola announced its intention to make cash offers to purchase China Huiyuan Juice Group Limited (which had a 42% share of the Chinese pure fruit juice market[105]) for US$2.4bn (HK$12.20 per share).[106] China's ministry of commerce blocked the deal on March 18, 2009, arguing that the deal would hurt small local juice companies, could have pushed up juice market prices, and limited consumers' choices.[107]
Coke Mini can[edit]
In October 2009, Coca-Cola revealed its new 90-calorie mini can that holds 7.5 fluid ounces.[108] The mini can is often sold in 8 packs. Despite costing nearly 30 percent more per ounce, the mini cans have been met with positive sales figures.[109]
Holiday can[edit]
In November 2011, Coca-Cola revealed a seasonal design for its regular Coke cans as part of a partnership with the World Wildlife Fund. However, it was withdrawn only a month after release due to consumer complaints about a similar look to the silver cans commonly used for Diet Coke. There were also complaints about deviating from traditional red as the color of Coca-Cola cans previously.[110]
Stake in Monster Beverage[edit]
It was announced on August 14, 2014, that Coca-Cola Co is making a cash payment of $2.15 billion for a 16.7 percent stake in Monster Beverage Corp to expand its market for energy drinks. Coke's ownership in Full Throttle and Burn will be transferred to Monster. In return, Monster will transfer its ownership in Hansen's Natural Sodas and Peace Iced Tea and Blue Sky Soda to The Coca-Cola Company. Muhtar Kent, Coke's former chief executive officer, stated that the company has the option to increase its stake to 25 percent but cannot exceed that percentage in the next four years.[111][112] Due to share buy backs by the board of directors of Monster Beverage Corporation, The Coca-Cola Company's stake has since increased to 19.36% 102121602 shares.
Alcoholic beverages[edit]
In 2021, the Coca-Cola Co used its Mexican[113] sparkling mineral water brand Topo Chico to launch a range of vegan friendly[114]alcoholic hard seltzers in the United Kingdom and in the United States.[115][116][117]
Front groups[edit]
As part of its corporate propaganda campaign to deflect public attention away from the harmful health effects of its sugary drinks, the Coca-Cola company has funded front organizations. The company funded creation of the front organization the Global Energy Balance Network (GEBN) to address the growing evidence that the company's products are a leading cause of the epidemic of childhood obesity in the United States and the growing number of Americans, including children, with Type 2 diabetes. GEBN designed its own studies to arrive at conclusions set in advance and cherry picked data to support its corporate public relations agenda. After an August 2015 investigative report exposed the GEBN as a Coca-Cola Company front organization, GEBN was shut down.[118]
Three years after the shutdown of GEBN, the company, together with several other junk food giants, was revealed to be behind an initiative in China called "Happy 10 Minutes," funded through a shadowy group called the International Life Sciences Institute (ILSI). The aim of the initiative was to address decades of research on diet-related diseases, such as Type 2 diabetes and hypertension, by promoting physical exercise to the population but avoiding discussion of the link between such diseases and junk foods, including sugary drinks.[119][120] ILSI through the 1980s and 1990s had been promoting the tobacco industry's agenda in Europe and the United States.[121]
[edit]
Coca-Cola's advertising expenses accounted for US$3.256 billion in 2011.[122]
Sports[edit]
Coca-Cola sponsored the English Football League from the beginning of the 2004–05 season (beginning August 2004) to the start of 2010/11 season, when the Football League replaced it with NPower.[citation needed] Along with this, Coca-Cola sponsored the Coca-Cola Football Camp, that took place in Pretoria, South Africa during the 2010 FIFA World Cup.[citation needed]
Other major sponsorships include the AFL, NHRA, NASCAR, the PGA Tour, NCAA Championships, the Olympic Games, the NRL, the FIFA World Cups, Premier League and the UEFA European Championships.[citation needed] The company partnered with Panini to produce the first virtual sticker album for the 2006 FIFA World Cup, and they have collaborated for every World Cup since.[123] Each fall, Coca-Cola is the sponsor of the TOUR Championship by Coca-Cola held at the East Lake Golf Club in Atlanta, Georgia. The Tour Championship is the season ending tournament of the PGA Tour.[citation needed] In the Philippines, it has a team in the Philippine Basketball Association, the Powerade Tigers.[citation needed]
In 2017, Major League Baseball signed a multi-year deal with Coca-Cola to be the official soft drink, replacing Pepsi. Eighteen MLB teams (Los Angeles Angels, Houston Astros, Toronto Blue Jays, Atlanta Braves, St. Louis Cardinals, Los Angeles Dodgers, San Francisco Giants, New York Mets, Washington Nationals, San Diego Padres, Philadelphia Phillies, Pittsburgh Pirates, Texas Rangers, Tampa Bay Rays, Cincinnati Reds, Boston Red Sox, Colorado Rockies and Chicago White Sox ) have Coca-Cola products sold in their ballparks.
Since the season of 2019 is the title sponsor of the Uzbekistan Super League in football, and this league is officially called Coca-Cola Uzbekistan Super League. Coca-Cola has also sponsored the Overwatch league since season two. They also sponsor all major Overwatch tournaments such as the world cup .[124] In February 2020, Coca-Cola became the title sponsor for the eNASCAR iRacing series.[125][126] In October 2018, Coca-Cola started sponsoring the Formula 1 team McLaren with several 1 year deals being signed since then.[127][128]
Television[edit]
The company sponsored the popular Fox singing-competition series American Idol from 2002 until 2014.[citation needed]
Coca-Cola was a sponsor of the nightly talk show on PBS, Charlie Rose in the US.[129]
Coca-Cola is also an executive producer of Coke Studio (Pakistan). It was a franchising that started in Brazil, broadcast by MTV Brasil and there are various adaptations of Coke Studio such as Coke Studio (India) and Coke Studio (Africa).[130]
Theme parks[edit]
While not necessarily having naming rights to anything in all locations, the company does sponsor and provide beverages in many theme parks, usually in an exclusive capacity. This includes the Walt Disney Parks and Resorts,[b]Merlin Entertainment, Universal Parks & Resorts, Six Flags, Cedar Fair, and SeaWorld Entertainment which are six of the nine largest theme park operators worldwide (it is unknown whether OCT Parks China, the Chimelong Group, or Fantawild, the fourth, seventh, and eighth largest theme park operators respectively, use Coca-Cola).[133]
The company also directly sponsors, with naming rights, the Coca-Cola London Eye and the Coca-Cola Orlando Eye.[134][135]
The company also operates "Coca-Cola" visitor centers in Israel, Belgium and Turkey.[136][137][138]
See also[edit]
References[edit]
Notes[edit]
Citations[edit]
^ abcdef"2019 Annual Report (Form 10-K)"(PDF). The Coca-Cola Company. February 24, 2020. Retrieved September 5, 2020.
^Boville Luca de Tena, Belén (2004). The Cocaine War: In Context: Drugs and Politics. Algora Publishing. pp. 61–62. ISBN .
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^Merced, Michael J. de la (February 25, 2010). "Coke Acquires North American Unit of Bottler (Published 2010)". The New York Times. ISSN 0362-4331. Retrieved November 30, 2020.
^ ab"Coca-Cola named worst plastic polluter for second year in a row". The Independent. October 24, 2019. Retrieved January 23, 2020.
^"Where did Coca-Cola really come from? Company responds to surprising rumor". TODAY.com. Archived from the original on September 7, 2018. Retrieved September 6, 2018.
^ abPendergrast, Mark (2013). For God, Country, and Coca-Cola: The Definitive History of the Great American Soft Drink and the Company That Makes It, 3d ed. New York: Basic Books.
^ abc"What Coca-Cola's Marketing Blunder Can Teach Us About America". Time. Archived from the original on August 21, 2018. Retrieved September 6, 2018.
^"7 strategies Coca-Cola used to become one of the world's most recognizable brands". Business Insider. Archived from the original on September 7, 2018. Retrieved September 6, 2018.
^"History of The Minute Maid Company". Fundinguniverse.com. Archived from the original on January 5, 2012. Retrieved July 29, 2012.
^"Merger Discussions Being Held By Coca-Cola and Minute Maid; Soft Drink Company Would Issue 1 Share for 2.2 of Citras Juice Concern COCA-COLA HOLDS TALKS ON MERGER (Published 1960)". The New York Times. September 9, 1960. ISSN 0362-4331. Retrieved November 30, 2020.
^ abcSellers, Patricia; Woods, Wilton (October 13, 1997). "WHERE COKE GOES FROM HERE". Fortune. Archived from the original on August 21, 2011. Retrieved October 10, 2011.
^"Strong Cola Taste, Macho Personality". Archived from the original on February 26, 2009.
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Beverage brand Jade Forest raises $1 million from Mumbai Angels Network
The funds will be used to expand the reach of the premium cocktail mixer as well as enter the ready-to-drink beverage segment.
Jade Forest was launched in 2019 by Shuchir Suri and Punweet Singh. Its products are currently priced between ₹80 and ₹85 for a 250ml glass bottle. The brand retails across the country’s top metros; in all, it is available in 23 cities pan India. It is also sold online via Amazon, as well as last-mile delivery platforms. The company had raised a seed round of $ 2,50,000 in November 2020.
The brand plans to expand its portfolio of drinks into different verticals as well as venture into the export market in the coming years, the company said in a statement on Monday.
Younger consumers are constantly on the lookout for beverages that are low on sugar and carbs and yet please their taste buds, said Nandini Mansinghka, co-Founder and CEO of Mumbai Angels Network.
“Jade Forest has managed to capture the attention of thousands of Millennials and Genz consumers and has established its presence in 23 cities in 2 years," said Mansinghka.
India’s beverages market is dominated by large beverage companies including Coca-Cola, Parle Agro, Dabur India Ltd, ITC Ltd., and PepsiCo apart from regional players that sell everything from dairy-based drinks and fizzy beverages. The market has however seen a string of beverage launches as consumers seek more variety and replicate out-of-home drinking experiences at home. The pandemic has also driven the demand for such beverages as consumers used mixers to consume alcohol at home.
But reaching a wider consumer base and driving deep distribution remain the key challenges as companies try and expand their reach.
“Post covid-19 the Indian consumer has not only become more health-conscious but prefers homegrown products that are transparent with their ingredients and supply chain. We believe the market is massive and ripe for disruption and with Jade Forest, we plan to capture the market with regular innovative launches," said Shuchir Suri, Co-Founder Jade Forest.
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LARGE COKE COLA BOTTLE PIGGY BANK COIN STORAGE KIDS MONEY RED DECOR 23" PLASTIC
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LARGE COKE COLA BOTTLE PIGGY BANK COIN STORAGE KIDS MONEY RED DECOR 23" PLASTIC
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