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The Coca-Cola Company

The Coca-Cola Company

The Coca-Cola Company is an Atlanta-based beverage company.

Overview

The Coca-Cola Company was founded in 1886 and is headquartered in Atlanta, Georgia. The company was incorporated in the State of Delaware in September 1919. The Coca-Cola company is one of the largest beverage companies in the world and owns or licenses and markets more than 500 non-alcoholic beverage brands. The beverages are mostly sparkling beverages, but also include waters, enhanced waters, juices, juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. This includes four of the world's top five sparkling beverage brands: Coca-Cola, Diet Coke, Fanta, and Sprite.

In the fiscal year for 2020, Coca-Cola reported a consolidated net operating revenue of $33 billion for the full year. The bulk of that revenue is derived from its two key businesses: its concentrate business and its finished products business.

Concentrate business

Through The Coca-Cola Company's concentrate business, the company manufactures and sells syrups to their authorized bottlers, who add water and carbonation to make and sell the finished products. The company has supported consolidation of these bottlers, as they caused several challenges for the company. This was done through the Bottling Investments Group, which identifies struggling franchises and provides them with financial and institutional support. Bottling Investments Group operates in parts of Africa, South Asia, and Southeast Asia, and completed re-franchising in Canada, the United States, Guatemala, Uruguay, and China.

Finished product business

Alongside the company's concentrate business, it manages several bottling operations and collects revenues on finished products. These products fall under the finished product operations, which is made up of both company-owned or controlled operations in sales and distribution, including the sale of beverages to retailers, distributors, or wholesalers.

Coca-Cola

Coca-Cola, or Coke, is a carbonated soft drink manufactured by The Coca-Cola Company. Originally marketed as a temperance drink and intended as a patent medicine, it was invented in the late 19th century by John Stith Pemberton and was bought out by businessman Asa Griggs Candler, whose marketing tactics led Coca-Cola to its dominance of the world soft-drink market throughout the 20th century.

The drink's name refers to two of its original ingredients: coca leaves, and kola nuts (a source of caffeine). The current formula of Coca-Cola remains a trade secret; however, a variety of reported recipes and experimental recreations have been published. The drink has inspired imitators and has created a whole classification of soft drink: colas.

Timeline

March 8, 2022
Coca-Cola and PepsiCo pull back from Russia as the Ukraine crisis deepens.
February 2021
Coca-Cola states it will start selling its sodas in bottles made from 100% recycled plastic material in the United States, and by 2030 plans to recycle one bottle or can for each one it sold. Coca-Cola starts by selling 2000 paper bottles to see if they held up due to the risk of safety and of changing the taste of the drink.
2020
Coca-Cola, with its partners, is to invest US$5 billion in its operations in India.
2012
Coca-Cola resumes business in Myanmar after sixty years of absence due to US-imposed investment sanctions against the country.
November 2009
Due to a dispute over wholesale prices of Coca-Cola products, Costco stops restocking its shelves with Coke and Diet Coke for two months
January 31, 2009
Coca-Cola deletes "Classic" from the Coke label, twenty-four years after the "New Coke" debacle.
July 5, 2005
Coca-Cola resumes operations in Iraq for the first time since the Arab League boycotted the company in 1968.
September 1919
The Coca-Cola Company was founded by John Pemberton.

Products

Acquisitions

Invested in

Patents

Further reading

Title
Author
Link
Type
Date

The History of Coca-Cola

Mary Bellis

Web

November 7, 2005

Documentaries, videos and podcasts

Title
Date
Link

History and Facts about Coca-Cola!

December 21, 2016

Why Coca-Cola Still Dominates The Beverage Market

May 15, 2021

News

Title
Author
Date
Publisher
Description
Nidhi Taneja
June 16, 2021
news.google.com
Little did Cristiano Ronaldo know that his gesture of removing a couple of coke bottles would cause a heavy loss to the company.
Alex Bitter
February 10, 2021
Business Insider
Coca Cola CFO John Murphy said the soda maker used a century of data on military conflicts and economic downturns to provide 2021 guidance.
Kate Nicholson
November 27, 2019
Express.co.uk
RICHARD BRANSON, the tycoon behind Virgin Group, once described his launch of 'Virgin Cola' in opposition to Coca Cola his "worst decision ever", according to an unearthed report.

References

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