Investor Relations

Growth Strategy

Accelerated Our Transformation

As a system, we went into the crisis in a strong position, and the system rallied to focus on winning. Importantly, we leveraged the crisis as a catalyst to accelerate the business transformation that was already underway. And we remain guided by our purpose – which is to Refresh the World, and Make a Difference, and rooted in our strategy to drive topline and generate return. We identified key objectives to navigate the pandemic and propel us to a growth trajectory - Win more consumers, gain share, maintain strong system economics, strengthen our impact across our stakeholders, and equip our organization to win in the future. This was our north star in our determination to Emerge Stronger. The pandemic was a catalyst for change for our company and we highlighted Five Priorities to accelerate our transformation in order to Emerge Stronger.

Consumer-Centric Strategy

Brand Portfolio Optimization

We put deep analysis into our portfolio optimization process to focus on brands that will continue to drive the Beverages for Life strategy. We undertook the exercise to shape our portfolio of brands in support of our growth agenda and to ensure we emerge from the crisis strongly. We’ve streamlined our portfolio from 400 to 200 master brands, allowing global category teams to identify the greatest opportunities and allocate investments accordingly.  We aspire to achieve a balanced combination of global, regional and local brands, with scale, that have the strongest potential to help us grow our consumer base, increase frequency and drive system margin accretion. We believe we now have a strong portfolio of brands that will enable us to address all drinking moments and we will continue to grow these brands through focused execution and targeted innovation where relevant.         

Brand Portfolio

Note: 2019 data. The two outer donut charts represent the split of brands in terms of 2019 retail value. The innermost donut represents the split in terms of number of brands.

Networked Organization

Our networked organization is coming together and is already changing the way we work – striking the right balance between scale and intimacy. We’ve created global category leads with clear decision rights to modernize our approach to Marketing and Innovation. We’ve established Platform Services to elevate and accelerate data, analytics and insights capabilities in order to accelerate topline and bottom-line growth. This reduces duplication and drives scale. The actions free up time, resources, and energy for growth and facilitate accountability and speed of execution across the frontline areas closest to the consumer.

Networked Organization

Brand Building

Brand Building

World-Class Marketing...

Great marketing begins with human insights – understanding what the consumer wants, making a superior tasting product and through the consumer passion points, telling the brand story in a relatable way.  We are building targeted, experiential campaigns that are data-driven, occasion-based and always on. And we are launching global campaigns to drive the power of network and scale.

… Through Targeted Resource Allocation

And we will deliver the magic of marketing by being more effective and efficient which in simple terms is aimed at fundamentally transforming the way we execute our marketing programs. It means a model that combines commercial prioritization backed by advanced analytics that drives leverage through scale. The 8 areas mentioned here are the focus areas for us to drive this model. By improving our processes, eliminating duplication, and optimizing spend on things like third-party agencies, we will increase our effectiveness and be able to fuel reinvestment into our brands.

Targeted Resource Allocation


Complementing our work to build great brands is our disciplined approach to innovation, in order to bring new relevant product or equipment or ideas to the table. We are approaching innovation through different lenses and with rigorous objectives: Our pipeline for 2021 has been developed through clear routines and processes to assess the purpose and the right level of innovation. Innovation is more than just flavor extensions - and is driven primarily by our commitment to consumer centricity. Innovation can also be tech driven or enhancing/simplifying a package or formula.

Targeted Resource Allocation


The digital frontier is vast and has many fronts. Our view of digital is one of an integrated eco-system of platforms that create value across the digital and physical world. Our digital strategy creates value not only for our consumers and customers but across our organization and our system as well. The pandemic allowed us to accelerate our digital transformation and evolve into an organization that can execute its marketing, commercial, sales and distribution strategy both in the on-line digital world as well as in the physical world.

At the heart of everything lies data, and our recent organizational changes have set us up to leverage data across the enterprise as well as the system. We’ve reshaped the organization around this opportunity including new O2O Digital Transformation and Chief Data Officer roles. This, combined with cutting-edge digital tools, will facilitate more efficient marketing, strengthen our brands, and improve the execution. 


Revenue Growth Management

We have taken several steps in the ongoing evolution of our revenue growth management (RGM) agenda. RGM is a key commercial capability that answers critical business questions of ‘Within the priority categories, where is the revenue? Which pack? Which price tier? Which channel? Which customer? Which competitor?’

It focuses on identifying revenue pools (where to play) and revenue growth strategies (how to win). RGM is a capability with different markets being at different points of the journey and adjusts based on the business objective and changing landscape.

Digital is beginning to play an integral role in our RGM strategy in order to drive our competitive advantage in making better, more informed decisions faster by translating data into insights into actions. Digital is improving our insights both at the consumer experience level in addition to driving improved execution with our bottlers.

RGM is iterative and infinite. Thus we believe we have a long runway ahead of us.


Ultimately our success as a company is dependent upon our success as a system, and our bottlers’ ability to grow and thrive in the marketplace. That is why we went through a tremendous transformation over the past several years to put the bottling operations in the hands of the most capable and strategically aligned partners. We are seeing our transformation yielding results.