Coca cola company
COCA COLA COMPANY
 | |
| Type | Private |
|---|---|
| Industry | Consumer goods |
| Founded | 1892 |
| Headquarters | |
Area served | India |
Key people | Sanket Ray (President and CEO) |
| Products | beverages |
Number of employees | 25,000 (direct) |
| Parent | The Coca-Cola Company |
| Website | www |
Background
The Coca-Cola Company started operating in India in 1950. However, in 1977, they withdrew operations from the country in protest of regulations and legislation by the Government of India limiting the dilution of equity of multinational corporation. On October 24, 1993, they decided to re-enter the market, and have maintained a strong presence ever since.Coca-Cola, or Coke, is a carbonated soft drinks manufactured by the coca-cola company. In 2013, Coke paroducts were sold in over 200 countries worldwide, with consumers drinking more than 1.8 billion company beverage servings each day.[1] Coca-Cola ranked No. 87 in the 2018 Fortunate 500 list of the largest United state corporations by total revenue.[2] Based on Interbrand's "best global brand" study of 2020, Coca-Cola was the world's sixth month valuabe brand.[3]
Originally marketed as a temprance drinks and intended as a patent medicine, it was invented in the late 19th century by John Stith Pemberton in Atlanta, Georgia. In 1888, Pemberton sold Coca-Cola's ownership rights to Asa Griggs Candler, a businessman, whose marketing tactics led Coca-Cola to its dominance of the global soft-drink market throughout the 20th and 21st century.[4] The drink's name refers to two of its original ingredients: coca leaves and kola nuts (a source of caffiene).[5] The current formula of coca-cola remains a closely guarded trade secret; however, a variety of reported recipes and experimental recreations have been published. The secrecy around the formula has been used by Coca-Cola in its marketing as only a handful of anonymous employees know the formula.[6] The drink has inspired imitators and created a whole classification of soft drink: colas.
The Coca-Cola Company produces concentrate, which is then sold to licensed Coca-Cola bottlers throughout the world. The bottlers, who hold exclusive territory contracts with the company, produce the finished product in cans and bottles from the concentrate, in combination with filtered water and sweeteners. A typical 12-US-fluid-ounce (350 ml) can contains 38 grams (1.3 oz) of sugar (usually in the form of in North America). The bottlers then sell, distribute, and merchandise Coca-Cola to retail stores, restaurants, and vending machines. throughout the world. The Coca-Cola Company also sells concentrate for soda fountains of major restaurants and foodservices distributers.
The Coca-Cola Company has on occasion introduced other cola drinks under the Coke name. The most common of these is Diet cockes, along with others including Caffeine-Free Coca-Cola, Diet Coke Caffeine-Free, Coca-Cola Zero Sugar, Coca-Cola Cherry, Coca-Cola Vanilla, and special versions with lemon, lime, and coffee. Coca-Cola was called Coca-Cola Classic from July 1985 to 2009, to distinguish it from "new Cock".
Sustainability
The company supports sustainable development an inclusive growths by focusing on issues relating to water, environment, healthy living, empowerment of women, sanitation and social advancement.
Coca-Cola India launched the 5by20 initiative in 2010, which is the company’s global program to economically empower 5 million women entrepreneurs across six industries by 2020.
Coca-Cola India and NDTV launched the Support My School initiative in association with the UN-habitet, Charities Aid Foundation (CAF) in 2011. It undertakes activities such as providing improved access to water, sanitation facilities for adolescents, improving school infrastructure, supporting environmental causes, building sports and recreational facilities, and recharging groundwater through rainwater harvesting in government schools in rural and semi-urban areas across India.
Controversy
Centre for Science and Environment
Coca Cola sales in India declined 11% in the third quarter of 2003 due to allegations by the Delhi-based Centre for Science and Environment (CSE), which said the top 12 soft drink brands of PepsiCo and Coca-Cola contained pesticides and insecticides in excess of the limits set by the European Economic Commission (EEC).[6]
Plachimada plant
Coca-Cola had set up a factory in the tribal village of Plachimada in Kerala in 1999. The factory extracted huge quantities of groundwater for its production. The groundwater level receded and was found to be contaminated by the factory's operations, giving rise to health issues among the residents of the village. The company sold the slurry and sludge waste as fertilizer to locals, primarily engaged in farming, which was later found to contain dangerous levels of toxic metals in a study conducted by University of exter. Coca-Cola India executives, however, claimed that the fertilizer was "good for crops", and they had scientific evidence proving its safety. [7] Eventually, locals mobilized under the banner 'Coca-Cola Virudha Janakeeya Samara Samithy' (Anti Coca-Cola Peoples Struggle Committee) and demanded that the factory be closed and farmers be compensated.[8] The company initiated legal action against the protestors, which resulted in intimidation, arrests and false case being filed against the protestors.[9] They received support from neighbouring villages, environmentalists, politicians, scientists, and several civil society organizations.[10] The plant was forced to stop production in March 2004. The cause of the farmers became international with a BBC investigatory report and later in 2007 when college students in the United States ran a nationwide campaign calling for a boycott of Coca-Cola.[9][11] After a prolonged legal battle in Kerala High Court and then the Supreme Court, Coca-Cola relinquished its license in July 2017 and stated that it would not resume production in the plant.
Production
Listed ingredients
- Carbonated water
- Sugar (sucrose or high-fructose corn syrup (HFCS) depending on country of origin)
- caffiene
- phophoric acid
- caramel colour (E150d)
- Natural flavorings
A typical can of Coca-Cola (12 fl ounces/355 ml) contains 39 grams of sugar,[62] 50 mg of sodium, 0 grams fat, 0 grams potassium, and 140 calories.[63] On May 5, 2014, Coca-Cola said it was working to remove a controversial ingredient, brominated vegetable oil, from its drinks.[64]
A UK 330 ml can contains 35 grammes of sugar and 139 calories.
Brand portfolio
This is a list of variants of Coca-Cola introduced around the world. In addition to the caffeine-free version of the original, additional fruit flavors have been included over the years. Not included here are versions of Diet Coke and Coca-Cola Zero Sugar; variant versions of those no-calorie colas can be found at their respective articles.
- Caffeine-Free Coca-Cola (1983–present) – Coca-Cola without the caffeine.
- Coca-Cola Cherry (1985–present) – Coca-Cola with a cherry flavor. Was available in Canada starting in 1996. Originally marketed as Cherry Coke (Cherry Coca-Cola) in North America until 2006.
- New Coke / Coca-Cola II (1985–2002) – An unpopular formula change, remained after the original formula quickly returned and was later rebranded as Coca-Cola II until its full discontinuation in 2002. In 2019, New Coke was re-introduced to the market to promote the third season of the Netflix original series, Stranger Things.[97]
- Golden Coca-Cola (2001) was a limited edition produced by Beijing Coca-Cola company to celebrate Beijing's successful bid to host the Olympics.
- Coca-Cola with Lemon (2001–2005) – Coca-Cola with a lemon flavor. Available in: Australia, American Samoa, Austria, Belgium, Brazil, China, Denmark, Federation of Bosnia and Herzegovina, Finland, France, Germany, Hong Kong, Iceland, Korea, Luxembourg, Macau, Malaysia, Mongolia, Netherlands, New Caledonia, New Zealand, Réunion, Singapore, Spain, Switzerland, Taiwan, Tunisia, the United Kingdom, the United States, and West Bank-Gaza
- Coca-Cola Vanilla (2002–2005; 2007–present) – Coca-Cola with a vanilla flavor. Available in: Austria, Australia, China, Czech Republic, Canada, Finland, France, Germany, Hong Kong, New Zealand, Malaysia, Slovakia, South-Africa, Sweden, Switzerland, the United Kingdom, and the United States. It was reintroduced in June 2007 by popular demand.
- Coca-Cola with Lime (2005–present) – Coca-Cola with a lime flavor. Available in Belgium, Lithuania, Netherlands, New Zealand, Singapore, Canada, the United Kingdom, and the United States.
- Coca-Cola Raspberry (2005; 2009–present) – Coca-Cola with a raspberry flavor. Originally only available in New Zealand. Available in Australia, the United States, and the United Kingdom in Coca-Cola Freestyle fountain since 2009.
- Coca-Cola Citra (2005–present) – Coca-Cola with a citrus flavor. Only available in New Zealand, and Japan.
- Coca-Cola Black Cherry Vanilla (2006–2007) – Coca-Cola with a combination of black cherry and vanilla flavor. It replaced and was replaced by Vanilla Coke in June 2007.
Competitors
Pepsi, the flagship product of PepsiCo, the Coca-Cola Company's main rival in the soft drink industry, is usually second to Coke in sales, and outsells Coca-Cola in some markets. RC Cola, now owned by the Dr Pepper Snapple Group, the third-largest soft drink manufacturer, is also widely available.[123]
Around the world, many local brands compete with Coke. In South and Central America Kola Real, also known as Big Cola, is a growing competitor to Coca-Cola.[124] On the French island of Corsica, Corsica Cola, made by brewers of the local Pietra beer, is a growing competitor to Coca-Cola. In the French region of Brittany, Breizh Cola is available. In Peru, Inca Kola outsells Coca-Cola, which led the Coca-Cola Company to purchase the brand in 1999. In Sweden, Julmust outsells Coca-Cola during the Christmas season.[125] In Scotland, the locally produced Irn-Bru was more popular than Coca-Cola until 2005, when Coca-Cola and Diet Coke began to outpace its sales.[126] In the former East Germany, Vita Cola, invented during communist rule, is gaining popularity.
In India, Coca-Cola ranked third behind the leader, Pepsi, and local drink Thums Up. The Coca-Cola Company purchased Thums Up in 1993.[127] As of 2004, Coca-Cola held a 60.9% market-share in India.[128] Tropicola, a domestic drink, is served in Cuba instead of Coca-Cola, due to a United States embargo. French brand Mecca-Cola[129] and British brand Qibla Cola[130] are competitors to Coca-Cola in the Middle East.
In Turkey, Cola Turka, in Iran and the Middle East, Zamzam and Parsi Cola, in some parts of China, Future Cola, in the Czech Republic and Slovakia, Kofola, in Slovenia, Cockta, and the inexpensive Mercator Cola, sold only in the country's biggest supermarket chain, Mercator, are some of the brand's competitors. Classiko Cola, made by Tiko Group, the largest manufacturing company in Madagascar, is a competitor to Coca-Cola in many regions.[131]
In 2021, Coca-Cola petitioned to cancel registrations for the marks Thums Up and Limca issued to Meenaxi Enterprise, Inc. based on misrepresentation of source. The Trademark Trial and Appeal Board concluded that "Meenaxi engaged in blatant misuse in a manner calculated to trade on the goodwill and reputation of Coca-Cola in an attempt to confuse consumers in the United States that its Thums Up and Limca marks were licensed or produced by the source of the same types of cola and lemon-lime soda sold under these marks for decades in India."
Revenue--
- CocaCola revenue for the quarter ending June 30, 2023 was $11.972B, a 5.71% increase year-over-year.
- CocaCola revenue for the twelve months ending June 30, 2023 was $44.140B, a 6.82% increase year-over-year.
- CocaCola annual revenue for 2022 was $43.004B, a 11.25% increase from 2021.
- CocaCola annual revenue for 2021 was $38.655B, a 17.09% increase from 2020.
- CocaCola annual revenue for 2020 was $33.014B, a 11.41% decline from 2019.
Comments
Post a Comment