just On Call - CAGNY 2013: Get ready for North America rebound - Coca-Cola Co
Coca-Cola is bullish on North America
The Coca-Cola Co has predicted North America's NARTD category will revitalise over the next decade as “headwinds turn to tailwinds”.
At the Consumer Analyst Group of New York conference in Florida today (22 February), Coca-Cola Americas EVP & president Steve Cahillane said the region still has great potential, and has grown volumes by 6% in the past three years. “If these are the results that our industry has generated in what I think we can all accept is a very tumultuous and very difficult three years, then imagine what we can accomplish when the headwinds turn to tailwinds,” he said.
Coca-Cola is “bullish” on North America as the region is expected to increase its population by 30m between 2010 and 2020, Cahillane said. “Think about it - 30m extra people on the richest nation in the world,” he said.
Cahillane also said pressure on Coca-Cola over obesity issues will not deter it from building strong brands.
“As the leading beverage business in this market, we will continue to raise awareness of the need to balance calories,” he said. “This does not mean that we are taking our eye of the ball in the most important thing we do, which is build brand love for our core brands.”
Last month Coca-Cola launched a TV ad addressing the issue of obesity, admitting it has an "important role" to play in the fight against the problem.
Coca-Cola Co's chief executive Muhtar Kent has argued that the group's second quarter performance is an "anomaly" caused by a combination of uncontrollable factors and not a "systemic" issue. ...
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