Studio Dialect’s Post

Coca-Cola’s FTSE 100-listed packaging wing Coca-Cola HBC AG delivered 16.9% in organic revenue growth to €10.2 billion (£8.7 billion) in the past financial year. Organic volumes in the core sparkling category were hit by Coca-Cola’s withdrawal from the Russian market, coming in at 2.5%. However, energy drink volumes surged by over 27% and coffee by over 31%. Underlying earnings (EBIT) grew 17.7% year on year to €1.1 billion, making for a 9.4% margin. Comparable earnings per share grew by 21.8% to €2.08, “supported by strong profit delivery and effective management of finance costs”, while net profit after tax of €636.5 was a new record. “We have delivered a stronger-than-expected financial performance in 2023, despite the significant headwinds to our business,” said the group. “While we expect the macroeconomic and geopolitical environment to remain challenging, we have high confidence in our 24/7... More at #Proactive #ProactiveInvestors http://ow.ly/s42f105gOF9

There is often more than meets the eye when it comes to manufacturing, and many consumers remain blissfully unaware of this complexity. I like to think of Coca-Cola as a good example. Most consumers don't think past the The Coca-Cola Company itself when purchasing their products. How these products are made if often a mystery to them. The Coca-Cola System (that's the official name) starts with Coca-Cola manufacturing the concentrates, bases, and syrups with which the end products are produced. In most cases, they do not actually make the final drinks or do any bottling. The base products are sold to independent partners which can range from large multinationals to family-owned businesses. In Australia it's Coca-Cola Europacific Partners that make the end products that we see on our shelves. The system removes a lot of complexity from the supply chain for Coca-Cola and provides a boost for local economies around the world. Shout out if any other examples spring to mind! #foodandbeverage #manufacturing #supplychain #FMCG

Certification schemes often started with aim of improving livelihood of smallholder farmers. But often have transformed into a tool where brands reap the value and suppliers / smallholders carry the costs without substantial improvement to close the living income gap. Nothing new I am afraid. But how to respond , move to real transformation of sectors and fairer distribution of value? Will CSDDD be the next ‘producer tax’ or move the needle to improve the position of smallholders? There is potential on paper, but can we avoid the certification experience?

The Coca-Cola Company records 6% growth in net revenue for FY 2023  https://lnkd.in/dTVYmNyD #beverages #softdrinks #financialresults #quarterlyreport #beverages #beverageindustry #foodindustry #foodbusiness #foodbusinessafrica

Latest for Coffee Intelligence featuring excellent insights from Diana Ayala Gomez, Alison Streacker and Vicente Mejia Isaza. Who benefits most from certifications, and does due diligence compliance run the risk of becoming a "producer tax" without co-investment? Read below ⬇

Certifications have become a pivotal but contentious aspect of the industry. While brands leverage #certifications to enhance their market position and #consumer appeal, questions arise about who shoulders the burden of securing these stamps of approval and who truly benefits from them. In 2020-22, approximately 55% of global #coffee production was certified, but less than 26% of it was purchased by the industry. Certification often means high upfront investment, but low profitability for producers. Sarah Charles speaks with Diana Ayala Gomez (International Women's Coffee Alliance Spain and IPD - Import Promotion Desk), Vicente Mejia Isaza (Clearpath Coffee) and Alison Streacker (African Fine Coffees Association (AFCA)) about whether certification has become a producer tax, and who benefits? https://lnkd.in/eMU7wiNf

One of the biggest contributing categories to #foodwaste, across all levels of our food system, is individual households. Have you ever thrown food away, unsure if it had expired or not? We've all been there! We love the bipartisan Food Date Labeling Act of 2023 proposed by Rep. Pingree! If passed, this bill would require standardization of food labels on all food packaging.

🚨 Did you know there's over 60 date labels used in the US alone? 🚨 The plethora of terms used on food, such as sell by, use by, and best by, lead to unnecessary consumer confusion causing nearly 7% of food to go unsold or uneaten every year. 😯 But there’s good news: The bipartisan Food Date Labeling Act of 2023 would standardize and clarify food labels, replacing the current inconsistent patchwork of date label regulations across states. AND some of the biggest food companies (like Danone, Unilever, Grubhub, and Kroger) are standing behind it. 👀 Read the Zero Food Waste Coalition's open letter, calling on Congress to take action here: https://lnkd.in/e-7q7vtX

Coca-Cola HBC invests over €42m in production plant 👏 The soft drinks giant has announced plans to invest in its Oricola (L'Aquila) factory in Abruzzo, Italy. The company says this will lead to the introduction of two new production lines for cans by the end of 2024. With one new line dedicated to energy drink production, the other will be utilised to help reduce the energy required to bottle one litre of drink by more than 25%. The investment highlights the significance of the Abruzzo region for Coca Cola with it being a major contributor to the region's economy and employment. Giangiacomo Pierini, Coporate Affairs and Sustainability Director of Coca Cola HBC, commented: "Oricola is historically a cutting-edge factory: it was among the first production sites in Italy to use recycled plastic and today, with the announcement of the new modernisation and expansion, we confirm the central role of this factory and this region in the strategies of growth of Coca-Cola HBC Italia.” #Drinks #Production #Investment #SoftDrinks

The Coca-Cola Company (NYSE:KO) has achieved its goal of replenishing all the water it uses globally. In 2022, the company returned nearly 192 billion liters of water to nature and communities through various projects. In 2022, The Coca-Cola Foundation awarded $27 million in grants for water and environmental initiatives globally. The Coca-Cola Company (NYSE:KO) contributed more than $6 million to Project Catalyst, which improved the quality of an estimated 150 billion liters of water in the Great Barrier Reef region. In Q1 2024, their net revenues increased 3% to $11.3 billion. The Coca-Cola Company (NYSE:KO)'s Sparkling soft drinks volume grew 2%, led by Latin America and Juice, dairy, and plant-based beverages grew 2%, led by North America. However, water, sports, coffee and tea volume declined 2% during the same period. #cocacola #branding #watwr #beverage #culture #communities #poverty #globally #growth #business #leadership