Buffalo Rock Pepsi and Coke Consolidated Plan for Return to Pricing, Volume Normalcy
January 18, 2024
During Beverage Digest’s recent Future Smarts conference in New York, Editor & Publisher Duane Stanford conducted on-stage interviews with two of the largest independent PepsiCo and Coca-Cola bottlers in the US, Matthew Dent and Dave Katz. Below are key takeaways from those discussions.
Matthew Dent President & CEO Buffalo Rock
PRICING GROWTH OUTLOOK. “There's going to have to be a study around the effect on elasticities during the pandemic and what that did for our products,” Dent said, adding that price elasticities are
Finished Non-Carb, Energy Beverages Also Decelerated
January 18, 2024
GREEN SHEETS included: Concentrate-Pricing-2024-01-18Concentrate list pricing for flagship Coca-Cola, Diet Coke, Sprite, Coca-Cola Zero Sugar and other carbonated soft drinks produced by US Coke bottlers rose +5.8% starting Jan. 1, according to BD sources. The increase is far less than the +27% increase implemented last July to cover higher input and product costs. At PepsiCo, concentrate pricing for brands including Pepsi, Pepsi Zero Sugar, Diet Pepsi, Mtn Dew and other CSDs produced by...
Multi-serve Glass Bottle Planned for Spring. Single-Serve Version to Follow. Plus: Coke Expands Lemon-Dou to India.
December 19, 2023
Coca-Cola’s Red Tree Beverages is planning a spring launch of the US alcohol unit’s first wine-based product, named Minute Maid Spiked. The drink was developed for the large percentage of legal drinking age consumers who regularly mix alcohol into non-alcoholic juice and juice drinks, including Minute Maid products, Red Tree ...
Coke North America President Mann to Keep Volume Pressure in Focus.
PBNA Supply Chain Chief Jordan Talks AI, Automation, Electric Trucks.
Whitmore Intent on Territory Optimization. Watching U.S. Alcohol Sector.
December 19, 2023
Beverage Digest hosted its annual Future Smarts conference in New York on Dec. 11. The day’s lineup of speakers included leaders from three of the largest US beverage companies — Coca-Cola, PepsiCo, and Keurig Dr Pepper. The executives sat for interviews on stage with Beverage Digest Editor & Publisher Duane Stanford. Below are highlights from those discussions. Takeaways from other sessions will be featured in subsequent issues of this newsletter...
Multi-serve Glass Bottle Planned for Spring. Single-Serve Version to Follow
December 18, 2023
Coca-Cola’s Red Tree Beverages is planning a spring launch of the US alcohol unit’s first wine-based product, named Minute Maid Spiked. The drink was developed for the large percentage of legal drinking age consumers who regularly mix alcohol into non-alcoholic juice and juice drinks, including Minute Maid products, Red Tree President Jenny Dowdy said in an interview. “We saw this as a ...
We’re excited to brief you on what to expect at Beverage Digest’s 2023 Future Smarts conference. The main event will take place on Dec. 11 in New York City, with a reception the evening of Dec. 10. The program features accomplished and knowledgeable experts in the world's most profitable beverage market.
Through a series of fast-paced interviews, panels, and presentations in a single productive day, Future Smarts illuminates coming opportunities and challenges for our dynamic industry. Our speakers identify urgent trends and market forces that will drive business performance during the next three to five years – and in some cases longer.
Here’s a look at what to expect:
The day will begin with Jennifer Mann, who took the helm as president of Coca-Cola North America this past January. I’ll ask her how she will accelerate total beverage growth at Coke’s largest global operating unit at a time when rapidly fragmenting product categories, competitive sets, and market conditions demand both precision and agility.
Then we’ll shift to Karen Jordan. As Chief Supply Chain Officer for PepsiCo Beverage North America, she’ll discuss the evolving set of lessons learned from one of the worst global supply chain disruptions of the past century.
Rounding out the big three US beverage firms, Keurig Dr Pepper Chief Strategy Officer Justin Whitmore will shed light on how recent partnerships with brands including Electrolit, Nutrabolt, and Athletic Brewing will help maximize growth and value.
Next, I’ll dive deep with our always popular Wall Street analyst panel featuring Goldman Sachs Managing Director Bonnie Herzog, Barclays Managing Director, CHPC & Beverages Analyst,Lauren Lieberman, and RBC Capital Markets Managing DirectorNik Modi. I’ll look forward to their views on how consumer sentiment in these volatile times will affect beverage company pricing and volume strategies.
Adams Berzins, senior manager for global stevia application and technical service at PureCircle by Ingredion, will join me for a discussion of the future of sugar reduction at a time when clean labels are an important driver for consumers. (FS23 Headline Sponsor)
Melody Richard, senior vice president for U.S. Pantry at Walmart, will illuminate both sides of the supplier-customer partnership in a discussion covering key consumer, retail, and beverage category trends. Her expertise includes two decades at Coca-Cola.
Then I’ll ask Coca-Cola Consolidated President and Chief Operating Officer Dave Katz about the critical role innovation plays for a major beverage bottler when it comes to products, customer relationships, and manufacturing efficiency.
Next, I’ll lead a discussion with Mobi by MFMsoft founder Nick Karapetian about the importance of using AI-driven technology to capture real-time product sales data in channels that traditionally haven’t had the kind of visibility and interactivity brands need. (FS23 Platinum Sponsor)
Then we’ll ask Buffalo Rock President & Chief Executive Officer Matthew Dent about the independent Pepsi bottler’s diversification strategy on its path to growth. We’ll also talk about the importance of efficiency in a modern manufacturing and distribution environment.
Paul Pisano, the senior vice president of industry affairs and general counsel for the National Beer Wholesalers Association, help make sense of the emerging crossover between two massive beverage sectors – alcohol and non-alcohol. We’ll explore questions of risk and opportunity through his independent beer distributor lens.
That’s not all. Look for more speaker announcements to come.
The day also will include an announcement of winners in our 2023 Beverage Digest Awards. This is a fast way to catch up on the breadth of innovation in our industry.
Future Smarts will be a great way for you to close 2023 with a strong finish and to begin 2024 with a head start.
The following is transcript of Beverage Digest's podcast, The Breeze, Episode 8. PepsiCo's announced investment in online grocery delivery service Instacart begs a question: Isn’t PepsiCo essentially competing now against some of its most important retail customers? Take Walmart, for example, which is aggressively expanding an online grocery delivery business of its own. There was a time when such a customer conflict would have been avoided. But PepsiCo isn't alone in tossing conventional wisdom these days. Coke is doing it, too. So what's going on?...