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Daily Newsletter

11 September 2023

Daily Newsletter

11 September 2023

“Lots of work to do” on Bodyarmor, Coca-Cola says

The soft-drinks giant cited declining Bodyarmor and Powerade volumes in the US as the driving factor behind declining sports-drinks sales globally in Q1 and Q2.

Jessica Broadbent September 07 2023

Coca-Cola’s Bodyarmor Sports Drink /credit: Billy F Blume Jr / Shutterstock

Diageo must “right-size” its business after a period of over-investment, CEO Sir Dave Lewis has said after outlining plans to extract $1bn in savings from the company.

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Non-alcoholic beverages (NAB) market remain resilient despite inflationary pressure

Per GlobalData analysis, the NAB market has a strong outlook in terms of value and steady forecasting for volume up to 2026. The industry has been resilient to the pandemic and inflationary pressure as consumers continue to up their intake of NABs. Rising health and wellness trends mean that a growing number of consumers are swapping alcohol consumption for NABs while others are adding more drinks to their diet for improved hydration and extra nutritional value from fortified and functional NABs.

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