The Chronicle of Coca-Cola: A Global Business (2024)

01-01-2012

Entering the last quarter of the 20th century, the deep emotional bond betweenCoca‑Colaand its consumers grew even more powerful and more global. In 1971, young people from around the world gathered on a hilltop in Italy to sing "I'd Like to Buy the World a co*ke," a counterpoint to turbulent times. This was also a glimpse into the Company's future: an expanding global presence and an even closer attachment to the world's most cherished trademark.

The power and prestige ofCoca‑Colawere exemplified in 1988, when three independent worldwide surveys conducted by Landor & Associates confirmedCoca‑Colaas the best-known, most-admired trademark in the world.

Perhaps a more human assessment of consumers' loyalty toCoca‑Colahad come in 1985. The Company startled the American public by announcing anew taste for co*ke, the first change in the secret formula sinceCoca‑Colawas created in 1886. The new taste was overwhelmingly preferred in taste tests, but all the testing and research could not measure the emotional attachment Americans had for the original formula. That original taste had become more than just a soft drink, and consumers' deep feelings, memories and loyalties to it came alive. The Company listened to its consumers and quickly responded by returning the original formula to the market asCoca‑Colaclassic®.

The Company's global strategy during the 1980s continued to bring consumers on every continent refreshing products for every occasion and every lifestyle. In 1982, soft-drink history was made with the introduction of Diet co*ke®, the first extension of the trademarksCoca‑Colaand co*ke, and the most successful new soft drink sinceCoca‑Colaitself. Within two years, Diet co*ke had become the top low-calorie soft drink in the world.

Advertising during the 1970s and 1980s continued a long tradition that presentedCoca‑Colaas one of life's simple pleasures,distinctive and acceptable anywhere. In 1976, the "co*ke Adds Life" campaign was introduced, laying the foundation for the 1979 introduction of "Have a co*ke and a Smile," a campaign of heart-warming emotion best captured by the famous television commercial featuring Pittsburgh Steelers tackle "Mean" Joe Greene.

In early 1982, the theme "co*ke Is It!" was launched around the world to reflect the resurgent, positive spirit of the 1980s and to reaffirm the leadership ofCoca‑Cola. "Can't Beat the Feeling" wrapped up the 1980s, while "Can't Beat the Real Thing" led the way into the 1990s, and the innovative "AlwaysCoca‑Cola" campaign debuted in 1993, followed by "Coca‑Cola… Real" in 2003 and "The co*ke Side of Life" in 2006.

From Small Beginnings

TheCoca‑ColaCompany began building its global network in the 1920s. Now operating in more than 200 countries and producing nearly 450 brands, theCoca‑Colasystem has successfully applied a simple formula on a global scale: provide a moment of refreshment for a very small amount of money -- a billion times a day.

TheCoca‑ColaCompany and its network of bottlers comprise the most sophisticated and pervasive production and distribution system in the world. More than anything, that system is dedicated to people working long and hard to sellCoca‑Cola, Diet co*ke, Sprite, Fanta and other Company products.

From Boston to Beijing, from Montreal to Moscow,Coca‑Cola, more than any other consumer product, has brought pleasure to thirsty consumers around the globe. For 125 years,Coca‑Colahas created a special moment of pleasure for hundreds of millions of people every day.

The history ofCoca‑Colais a story of special moments. Moments that originated with Dr. Pemberton in Atlanta and have been multiplied billions of times around the world. Moments made familiar and universal by Mr. Candlers's unique advertising and Mr. Woodruff's vision to putCoca‑Cola"within an arm's reach of desire." Moments that today makeCoca‑Colathe most ubiquitous consumer product in the world. Each day,Coca‑Colastrengthens its position as the world's soft drink. Every day, people experience a delicious, refreshing moment that onlyCoca‑Colacan bring them. Through more than a century of change,Coca‑Colaremains a timeless symbol of quality refreshment.

The Chronicle of Coca-Cola: A Global Business (2024)

FAQs

Is Coca-Cola a global business? ›

Now operating in more than 200 countries and producing over 200 brands, our system has successfully applied a simple formula on a global scale: Refresh the World. Make a Difference. Learn more about the history of The Coca‑Cola Company.

How does Coca-Cola compete globally? ›

Coca-Cola's global expansion has been fueled by a combination of factors, including its innovative marketing campaigns, strategic partnerships, and a relentless focus on delivering high-quality products that consumers love. Coca-Cola's early years were marked by rapid expansion within the United States.

How Coca-Cola was turned into a global brand? ›

The Coca-Cola Company's rapid expansion around the world can be attributed to its unique franchise distribution system (known as the Coca-Cola System) that they have operated since 1889. Coca-Cola produces syrup concentrate which is then sold to various bottlers around the world.

How is Coca-Cola an example of globalization? ›

Globalization occurs when a company seeks revenue by expanding and developing markets outside of its home country's borders. Coca-Cola's globalization strategy has been successful for many reasons. It has worked with governments, invested in global sponsorships, and used unique packaging to be recognizable.

Is Coca-Cola International or global? ›

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.'

How many brands does Coca-Cola have globally? ›

Our beverage portfolio has expanded to more than 200 brands and thousands of beverages around the world, from soft drinks and waters, to coffee and teas. Learn more about our brands and our commitment to quality products.

How much Coca-Cola is consumed globally? ›

More than 1.9 billion servings of our drinks are enjoyed in more than 200 countries each day.

Why is World of Coca-Cola important? ›

World of Coca‑Cola allows you to explore the fascinating story of Coca‑Cola – the world's best-known beverage brand.

How does Coca-Cola influence global economic? ›

The Coca‑Cola system creates local jobs to make, distribute and sell our drinks that refresh local communities. “We are a global company, operating as a local business. This means we have a major local economic and employment multiplier effect in the communities we serve.

Who is Coca-Cola owned by? ›

Why did Coca-Cola become actively involved in global development issues? ›

Coca-Cola became actively involved in global development issues for several reasons. Firstly, as a large multinational corporation with a presence in over 200 countries, the company recognized that it had a responsibility to contribute to the communities in which it operates.

When did Coca-Cola start globalization? ›

The Coca‑Cola Company began building its global network in the 1920s. Now operating in more than 200 countries and producing nearly 450 brands, the Coca‑Cola system has successfully applied a simple formula on a global scale: provide a moment of refreshment for a very small amount of money -- a billion times a day.

What are the strategies of Coca-Cola's expansion in the globalization era? ›

These strategies include brand strengthening, network distribu- tion, improving its human resources and also mindfulness of the local cultures in every country which Co- ca-Cola operates. These strategies helped Coca-Cola Company to become very competitive in the global market and beat down most of its competitors.

What is glocalization in Coca-Cola? ›

Coca Cola has implemented glocalization strategies to adapt to local cultures and attract consumers in different markets. One example is the use of local cultural indicators in their brand campaigns, such as incorporating cultural values and elements specific to the target market .

What countries does Coca-Cola do business in? ›

  • Africa (14) Africa Cluster | Amharic. Africa Cluster | English. ...
  • Greater China & Mongolia (3) China. China | Hong Kong SAR | English. ...
  • India & Southwest Asia (12) Bangladesh | Bangla. Bangladesh | English. ...
  • Japan & South Korea (2) Japan. Republic of Korea.
  • Latin America (15) Argentina. Bolivia. ...
  • North America (3) United States.

Is Pepsi Cola a global company? ›

Global Leader in Convenient Foods and Beverages

PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world.

What is an example of a globalization business? ›

McDonald's, Costco, The Coca-Cola Company, Starbucks, and ZARA are 5 companies that successfully expand beyond their domestic markets. Today, these examples of globalization are some of the world's most valuable brands.

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