Globalisation and the Coca-Cola Company
Globalization and the Coca-Cola Company
Introduction
Today, Coca-Cola is one of most well-known brands in the world. This company has continued to gain momentum and growth, capitalizing on the rapidly expanding beverage industry and ranking as the largest beverage company in the world. With its push for global market share, Coca-Cola now operates in over 200 countries with over
84,000 suppliers. Currently, over 70% of Coca Cola’s business income is generated from non-US sources (Coca-Cola Company, 2012). In over a century, Coca-Cola has grown the company into a multi-million dollar business.
However, the road to success has not always been easy for Coca-Cola. Many countries have banned the use of Coca-Cola products, claiming that these products are
“threatening public health” and “encouraging obesity.” Many labor practice suits have been filed against the mega beverage company with accusations of “child labor sweatshops” and “discrimination in providing health care benefits to workers.” In addition, the beverage industry has been flooded with competitors introducing new soft drink products, such as Pepsi, along with soft drink alternatives, such as Gatorade, bottled water, fruit juice, and energy drinks. Coca-Cola has faced the challenge by introducing new beverage brands including Sprite, Fanta, Minute Maid, Simply Orange,
Fresca, Vitamin Water, Smart Water, Odwalla, and Powerade.
In light of the obstacles Coca-Cola has overcome, the company has remained true to its commitment to provide quality, refreshing, and satisfying products to consumers. In order to ensure each product tastes the same across the globe, Coca-Cola continues to keep the beverage recipes secret with tightly controlled manufacturing facilities. CocaCola has never lost sight of its goal to be the best beverage company in the world. Now, let us take a closer look at Coca Cola’s journey to globalization.
Coca-Cola’s Journey to Globalization
Founded back in the 1880’s,
Introduction
Today, Coca-Cola is one of most well-known brands in the world. This company has continued to gain momentum and growth, capitalizing on the rapidly expanding beverage industry and ranking as the largest beverage company in the world. With its push for global market share, Coca-Cola now operates in over 200 countries with over
84,000 suppliers. Currently, over 70% of Coca Cola’s business income is generated from non-US sources (Coca-Cola Company, 2012). In over a century, Coca-Cola has grown the company into a multi-million dollar business.
However, the road to success has not always been easy for Coca-Cola. Many countries have banned the use of Coca-Cola products, claiming that these products are
“threatening public health” and “encouraging obesity.” Many labor practice suits have been filed against the mega beverage company with accusations of “child labor sweatshops” and “discrimination in providing health care benefits to workers.” In addition, the beverage industry has been flooded with competitors introducing new soft drink products, such as Pepsi, along with soft drink alternatives, such as Gatorade, bottled water, fruit juice, and energy drinks. Coca-Cola has faced the challenge by introducing new beverage brands including Sprite, Fanta, Minute Maid, Simply Orange,
Fresca, Vitamin Water, Smart Water, Odwalla, and Powerade.
In light of the obstacles Coca-Cola has overcome, the company has remained true to its commitment to provide quality, refreshing, and satisfying products to consumers. In order to ensure each product tastes the same across the globe, Coca-Cola continues to keep the beverage recipes secret with tightly controlled manufacturing facilities. CocaCola has never lost sight of its goal to be the best beverage company in the world. Now, let us take a closer look at Coca Cola’s journey to globalization.
Coca-Cola’s Journey to Globalization
Founded back in the 1880’s,
References: Coca-Cola Company (2012). Wikinvest. Retrieved December 11, 2012. http://www.wikinvest.com/stock/Coca-Cola_Company_(KO) Saylor URL: www.saylor.org/bus208#2.5.6 The Saylor Foundation Saylor.org Page 4 of 4