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Improved Packaging Sustainability Is A Major Priority Of CCEP

According to Joe Franses, VP Sustainability for Coca-Cola European Partners (CCEP), a major priority for the company is reducing the environmental impact of its packaging. It is working on a number of initiatives to improve the packaging sustainability, including removing unnecessary plastic and developing innovative ways to get its products to consumers. In a recent interview, Franses said the company wants to make sure all packaging is 100 percent recyclable, but the most challenging goal is to “collect a bottle or can for everyone that we sell.”  To achieve these goals Franses said the company is implementing a cross-system working model with Coca-Cola to ensure packaging sustainability. This includes: investing in new manufacturing lines at sites across Europe; increasing capacity for refillable glass bottles and resting new routes to market; and – to encourage use of refillable packaging – looking closely at the different collection and recycling schemes in place in Western ...  More

"5 Minutes With… Joe Franses from Coca-Cola European Partners", Bio Market Insights, September 02, 2019

Coca-Cola India Is The Innovation Spark Plug Driving Asia-Pacific Region Growth

The Asia-Pacific region is a key growth engine for Coca-Cola, but innovation in India is sparking that engine. Coca-Cola India is perceived as “agile and swift when it comes to introducing innovations:” product innovations in India have almost doubled over the last three years.” In a recent interview, Shell Huang, vice-president for R&D, Asia-Pacific, noted that Coca-Cola India has launched nearly 25 new products since 2016, applying an incubation model that cuts development time from the concept stage to the retail shelves to 12 weeks from 2-3 years. Collaborating with the Shanghai R&D Center, Coca-Cola India is currently testing products such as spiced buttermilk fortified with fiber to strengthen its dairy play, a fruit puree product under the Minute Maid brand, and a non-alcoholic malt drink under the Barbican brand. The spiced buttermilk product is likely to be launched nationally in the first quarter of 2020, while the fruit puree product will be launched in select urban markets ...  More

"Coca-Cola sees fizz in India’s innovation potential", The Hindu Business Line, September 02, 2019

Coke Korea Names First Woman As CEO

Coca-Cola Korea has named its first female CEO to replace 12-year-veteran Lee Chang-yeob. Choi Su-chong, who is said to have “a proven record of growing businesses and managing large transitions,” will be responsible for managing operations as well as building a brand through competitive differentiation. Choi joined Coca-Cola Korea as a brand manager for Sprite and Fanta in 2006 and was promoted to various positions in marketing soda brands. Most recently she was responsible for the launch of new products such as Seagrams, Georgia Coffee, Toreta, and AdeS.

"Coca-Cola Korea names new CEO", Korea Times, September 02, 2019

Innovators At Coca-Cola Plan For Industry, Societal Change

In a recent interview, Matt Hughes, Coca-Cola’s vice president for incubation and a founding member of its Venturing and Emerging Brands unit, pointed to “beverages for life,” water usage, women empowerment, and environmental sustainability as top priorities of the company’s “mission approach to things.” As to specific product areas, Hughes said “plant-based is an interesting space … that is an adjacent area to dairy from a protein perspective.” As it thinks about the future and “where consumers are going to be five or 10 years from now,” Coca-Cola invests time, energy and money to gain expertise in new technologies, marketing and digital platforms, and other areas that can help drive growth. Hughes said he expects Coca-Cola to be as “on-trend” 30 years from now as it is today, and he is very enthusiastic about the prospects for sparkling water Topo Chico and sports hydration beverage Body Armor.

"Coke's Venture Group Looks Out 10 Years at Plant Based & Female Empowerment", Forbes Media, August 28, 2019

Coke and Pepsi To Leave Plastics Industry Association

PepsiCo and Coca-Cola have told Greenpeace USA of their decision to withdraw from the Plastics Industry Association. Greenpeace highlights the dichotomy of pledging to end plastic pollution at the same time as supporting bodies that lobby for continued reliance on single-use plastic. Greenpeace says that The Plastics Industry Association uses the American Progressive Bag Alliance (APBA) as a front to advocate against plastic bans in the US. Greenpeace says 15 states have to date passed “pro-pollution preemption laws”. 

"Industry giants Coca-Cola and PepsiCo ditching pro-plastics lobbying association", Greenpeace, August 23, 2019

Unilever’s Magnum Ice Cream Launches Some Plastic Jars Made With Recycled Plastic

Magnum said it would be the first ice cream brand to use recycled polypropylene plastic for its packaging. In a limited trial it will launch 600,000 new Magnum jars in Belgium, Spain and the Netherlands, then release over 3 million in 2020 as it goes worldwide. Recycled polypropylene (rPP) has been used before for beauty and hygiene care applications but not for food packaging. To develop a solution, Unilever has worked with chemicals company SABIC since early 2018. Unilever did not indicate the percentage of plastic that is recycled, but acknowledged it uses a ‘mass balancing’ approach. It proclaimed the effort as part of its plan to ensure that by 2025 25% of plastic used in its packaging is recycled.

"Magnum launches the first recycled plastic jars", Unilever France, August 08, 2019

Sainsbury’s To Remove Hard-To-Recycle Black Plastic Trays From The Chiller Cabinets

The UK supermarket chain Sainsbury’s said it will be first among retailers to eliminate the black plastic trays often used for chilled ready meals, in favour of a recyclable tray made from natural CPET. Sainsbury’s says the move, to be completed by November 2019, will reduce the volume of hard-to-recycle plastic by over 1,000 metric tonnes a year. Earlier in the same week, the company announced a trial to take away the single use plastic bags for loose fruit and vegetable, and replace them with reusable drawstring bags.

"Sainsbury's becomes first retailer to remove all black plastic from chilled ready meals", Sainsbury’s, July 25, 2019

Coke Turns In Strong 2nd Q Financials, Paints Rosier Growth Picture

Coca-Cola reported healthy second-quarter 2019 results, as earnings and sales beat Wall Street estimates. Shares were up five percent in morning trading after the company raised its revenue forecast; Coke now expects organic revenue growth of five percent rather than four percent. Second-quarter earnings of 63 cents a share beat the Zacks consensus of 62 cents. The bottom line also improved four percent from the year-ago period, driven by a focus on consumer-centric innovation, solid core brand performance, and improved execution in the marketplace. Currency translations negatively impacted earnings by nine percent. Revenues of $9.997 billion also surpassed consensus estimates and increased six percent year over year. Organic revenues grew six percent. The company raised its revenue forecast, after noting that concerns about economic uncertainty had faded. “We saw some clouds on the horizon, too,” CEO James Quincey said. “But the storm never arrived, so by sticking to our plan, by ...  More

"Coca-Cola CEO: ‘The storm never arrived’ as beverage giant raises revenue forecast", CNBC, July 23, 2019

 
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