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Published byMarshall Lamb Modified over 9 years ago
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Kelsey Griffith Arata Doba Brent Hampson
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Coke just launched a new global ad campaign for its signature cola, and is seeking to build a global juice business through deals in Latin America, Russia, and China. 80% of Coke’s profits come from outside of North America. Coke sells more than 400 different kinds of drinks globally.
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Pepsi dominated during Soviet Era In 2008, Coke had 28% market share of carbonated drinks, Pepsi had 15% Each have 23.5% of nonalcoholic beverages
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Oil prices and an outflow of capital has shaken the Russian economy. Russia’s banking system has made it tough for distributors to access credit they need to deliver goods.
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52% of Coke’s annual volume in Russia comes from noncarbonated drinks. Coke expanded in Russia by buying out it’s second largest juice company for $500 million. One of Russia’s new drinks is it kvas, Kruzhka i Bochka (Mug and Barrel)
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