Laura and I just returned from a week rafting the Colorado River through the Grand Canyon. The 188-mile trip in a 15-person motorized raft included six nights of camping along the river, more than 60 rapids, several hikes to springs and waterfalls, and a helicopter ride out of the canyon. It was exhilarating and exhausting.
Here are my quick takeaways from the adventure:
— Laura and I completely disconnected from our business for seven days — no cell signal, and satellite phones weren’t allowed. While unsettling, it was remarkable how quickly and easily our focus shifted entirely to the river and the moments at hand.
— Most of the liquid we consumed was water and powdered sports drinks dispensed from large coolers. We took along canned soft drinks and beer, which were chilled in mesh bags dragged through the cold river behind the raft. I was surprised how quickly we got used to packaged drinks chilled to 50-degrees rather than 34-degrees, and just how refreshing they still were after a day on the river under an often blistering sun. And, as anywhere, those drinks were the social glue every evening as the group of 29 sat in circles and swapped stories.
— I learned just how resilient aluminum cans are, and that all are not made equal. Most cans survived the rapids. A few broke, especially a particular root beer brand whose lightweighted can apparently hadn’t been designed with a river drag in mind. And while days pulled through sandy water does a number on a can’s paint job, they remained readable! I wonder if Ball has considered testing here?
— Interrupting a cushy lifestyle in one’s 50s to sleep on foldable cots on silt beaches under the stars for six nights is a shock to the system. Sand blown in your face at night. Bats. Aching back. Middle-of-the-night temperature changes. A lack of privacy (I won’t even describe the bathroom situation – look it up). Despite it all, I feel fortunate to have gotten so out of my life’s comfort zone and to have experienced a world’s wonder up close.
A year ago, I wrote that US beverage bottlers saw no “competitive stupid” retail soft drink pricing, as one person put it, during the Memorial Day weekend. This year, a quick informal survey of supermarket circulars across the country finds the same rational promotional landscape, even as pricing remains elevated.
Our team has just released the 28th Edition of the Beverage Digest Fact Book, detailing 2022 in-depth sales results and other data across the US non-alcoholic beverage industry. This data differs from the quarterly data reports published in BD’s newsletters because it includes sales of packaged and fountain drinks across all channels, including retail stores and foodservice outlets.
Today’s special issue is a top-level view of that annual all-channel Fact Book report. The following pages cover major beverage companies, categories, trademarks, and brands. It’s your quick reference guide to how the biggest players are performing in both liquid refreshment beverages and carbonated soft drinks, and it provides a snapshot of the intense competition in the U.S. beverage business.
For much more detail into the numbers, you’ll want to purchase the full Fact Book, available HERE. This deep 67-page report covers CSDs, packaged water, sports drinks, energy drinks, juice, and ready-to-drink coffee and tea. It includes...
I’m beyond pleased to announce our first confirmed speaker for Future Smarts 2023: Coca-Cola Consolidated President and COO Dave Katz.
Dave will bring to December’s Future Smarts audience a deep expertise and broad perspective when it comes to the US Coke system. Having joined the former Coca-Cola Enterprises in 1993 as a logistics consultant, his work at the massive North America bottler included managing supply chain strategy, procuring billions of dollars worth of materials for the Coke system, and managing sales operations on the East Coast. Dave joined Coca-Cola in 2011 after the company’s acquisition of CCE, running bottling operations in the Midwest. After moving to Coca-Cola Consolidated in 2013 as a senior vice president, Dave would eventually serve as CFO before being named COO in late 2018.
Dave manages daily operations at a bellwether bottler within the US Coke system. Based in Charlotte, North Carolina, Coke Consolidated is the largest US Coke bottler, handling a fifth of Coca-Cola’s bottle and can volume in the country, according to BD’s The Coke and Pepsi Systems franchise map book. Operations stretch across 14 Southeast, Midwest, and Mid-Atlantic states and Washington D.C. The company is the only publicly traded bottler in the US Coke system.
I’ll sit down with Dave for a fireside chat to discuss his up-to-date views on soft drink pricing, important consumer and retail shifts, sustainability pressures, and more. He’ll also discuss how Consolidated’s focus on culture and purpose drives business decisions.
That interview and our other stage chats, presentations, and panels will be hosted on Dec. 11 at a venue that is new to Future Smarts. We chose Convene in part for its modern networking spaces that will make connecting easy and productive. Our conference sessions, sampling expo, networking meals and breaks, and registration will be on a single floor with plenty of room to both mingle and do business.
In addition to this terrific venue, our content will be as compelling and timely ever. And that now starts with Dave Katz. Look for more announcements soon and we’ll see you at Future Smarts 2023.
I’m beyond pleased to announce our first confirmed speaker for Future Smarts 2023: Coca-Cola Consolidated President and COO Dave Katz.
Dave will bring to December’s Future Smarts audience a deep expertise and broad perspective when it comes to the US Coke system. Having joined the former Coca-Cola Enterprises in 1993 as a logistics consultant, his work at the massive North America bottler included managing supply chain strategy, procuring billions of dollars worth of materials for the Coke system, and managing sales operations on the East Coast. Dave joined Coca-Cola in 2011 after the company’s acquisition of CCE, running bottling operations in the Midwest. After moving to Coca-Cola Consolidated in 2013 as a senior vice president, Dave would eventually serve as CFO before being named COO in late 2018.
Dave manages daily operations at a bellwether bottler within the US Coke system. Based in Charlotte, North Carolina, Coke Consolidated is the largest US Coke bottler, handling a fifth of Coca-Cola’s bottle and can volume in the country, according to BD’s The Coke and Pepsi Systems franchise map book. Operations stretch across 14 Southeast, Midwest, and Mid-Atlantic states and Washington D.C. The company is the only publicly traded bottler in the US Coke system.
I’ll sit down with Dave for a fireside chat to discuss his up-to-date views on soft drink pricing, important consumer and retail shifts, sustainability pressures, and more. He’ll also discuss how Consolidated’s focus on culture and purpose drives business decisions.
That interview and our other stage chats, presentations, and panels will be hosted on Dec. 11 at a venue that is new to Future Smarts. We chose Convene in part for its modern networking spaces that will make connecting easy and productive. Our conference sessions, sampling expo, networking meals and breaks, and registration will be on a single floor with plenty of room to...
Occasionally, my late grandfather drank an ice-cold Miller Lite after mowing his yard on a humid Memphis day. He’d pour it into a mug and tap in a bit of salt. He had quit any social drinking decades earlier, but that cold beer spelled refreshment to him.
Refreshment has never been my only reason for drinking beer. Which is probably why the appeal of non-alcoholic beer has puzzled me, especially at the same price as a regular beer. Beer commands the price it does in part because of the functionality of alcohol. For refreshment, I’ll take a sports drink, or a soda. That’s why I wrote in this column last year that I am a non-alcoholic beer skeptic. I write today to tell you that I am becoming a believer — with a caveat.
Our debut episode, “Is Gatorade Beatable?” explores Coca-Cola’s mission to use a combined BodyArmor and Powerade to overtake sports drink leader Gatorade in the coming years. Coke leaders are through being an also-ran in this category, and PepsiCo has no plans to give up its supremacy. That will make for great competition, even as the category shifts beneath both companies’ feet with the emergence of “rapid hydration.”
Episode 2, “Is Sprite Beatable?” delves into PepsiCo’s Starry lemon-lime soda launch and the company’s plans to disrupt the dominance of Coca-Cola’s Sprite. We discuss how Sprite spent decades embracing hip-hop and the NBA to build a loyal consumer base, and how PepsiCo has decided to start from scratch with Starry to reach Gen Z consumers after years of struggles with lemon-lime brands including Sierra Mist.
Back in my Bloomberg News days a decade ago, a colleague and ex-options trader, who was often intrigued by health and profit hacks, brewed a cup of Keurig coffee one morning and whisked it with grass-fed butter. He extolled the virtues of the concoction for both health and mental acuity. He believed it gave him the kind of physical edge that folks on Wall Street and Silicon Valley are forever striving to unlock.
Before long, seemingly everyone looking for an edge was talking about that trend and the brand fueling it, Bulletproof. Founder David Asprey had been energized by the yak-butter tea he drank during a meditation excursion in Tibet. Asprey introduced US consumers to grass-fed butter coffee by way of Bulletproof in 2013. The company included a healthy fat called MCT oil to provide energy to the brain and body. Bulletproof became a cornerstone of the keto diet fad, a modern on a low-carb diet. Keto encouraged consumption of quality fats and protein.
Bulletproof sold plenty of coffee beans, pods, and MCT oil. However, the company’s ready-to-drink offering, launched in 2017, hasn’t caught on and may have been too late, despite the brand’s keto-on-the-go promise. Instead, Super Coffee has dominated the MCT-infused keto coffee space. A 2018 appearance on Shark Tank, investments from the likes of NFL quarterback Aaron Rogers and pop star Jennifer Lopez, and a 2020 national distribution partnership with Anheuser-Busch has propelled that brand to the forefront.
That’s why Starbucks’ launch of olive oil infused coffees at a cafe in Italy is especially eye-catching. Called Oleato, the barista-prepared drinks — in hot and iced forms — appear to take cues from the MCT coffee craze, although Starbucks’ pitch is all about mouthfeel. “The alchemy of Starbucks arabica coffee and premium Partanna extra virgin olive oil (EVOO) creates an entirely new experience, taking on a depth and dimension that simply must be tasted to be believed,” the company’s website states. The drinks are headed to California in the spring.
As I tweeted last week, Oleato is just the kind of innovation that could one day jump to the RTD market by way of Starbucks’ JV with PepsiCo. That successful partnership has...
The past year brought considerable backlash to environmental, social, and governance (ESG) activities within corporate America and finance. Republicans like former Vice President Mike Pence say “the woke left” wants to impose “a radical environmental and social agenda on publicly traded corporations.” Alternatively, environmentalist organizations like the Sierra Club have sued Coca-Cola and other beverage companies for allegedly “greenwashing” the negative impact of their operations. The SEC has proposed new ...
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