Coca-Cola India’s Strengths with respect to its competitors
1. Dominant market share in beverage industry
With a humongous portfolio of over 500 brands, spread across
the globe in 200 countries, and providing source of income to over 700000 employees worldwide, the Coca-Cola company is the world’s largest non-alcoholic beverage company. While Parle Agro has its presence in over 50 countries. In India’s non- alcoholic beverage market the Coca-Cola India accounts for 32.9%, whereas on other hand the Pepsico india ltd. And Parle Agro comprise for 21.8% and 4.8% respectively.
Being large and having dominant market share has a few
advantages over competitors like economies of scale, market power over suppliers and competitors, power over the buyers, wide audience reach etc.
2. Diversified product portfolio with 21 billion-dollar brand
The Coca-Cola has over 500 brands under its umbrella which is the most extensive beverage brand portfolio across the globe.
The Coca-Cola company offers beverages for different taste in
various beverages categories like carbonated soft drinks, bottled water, juice and juice drinks, sports drink, tea and coffee, energy drinks & shots, alternative drinks etc. Almost 21 of brands under coca-cola group were valued at a whopping $1 billion each. 3. The most recognizable brand in the world
As we know the more valuable a brand is the better it is
recognized worldwide. The coca-cola company, which operates over 200 countries with huge populations living there, enjoys some of the greatest brand awareness among all global corporations. In 2017 coca-cola was termed as 5th most valuable brand in the world with brand value of $56.4 billion by Forbes. Coca-cola was the only beverage company who got a spot in the top 20 entries in the list. Its main competitor pepsico inc. was placed 30th, with a brand value of $18.2 billion.
4. Strong partnerships with bottling companies leading to some of
the most extensive distribution channels in the industry. The coca-cola company emphasizes its franchise leadership and its bottling and distribution operations as key capabilities and strengths. Coca-cola India sells its products through over 7000 distributors in almost 2.6 million outlets. The parent company has plans to invest over $7 billion in india by 2030.
5. Potential to change as per customers need.
Coca-cola always has a customer centric approach. They have the
potential and resource to alter to the need of customer. That’s why they analyzed the future customers need of leading a healthy lifestyle and have plans of selling less on signature brands and focus on the healthy juices by 2025-2030. 6. Focused on every sector of society The coca-cola company has 57 manufacturing plants in rural areas spread across the globe thus providing largescale livelihood in underdeveloped sectors. This shows that the company has a optimistic outlook towards the society and its people. When they got to know the higher priced units were not popular in rural areas, they introduced lower-priced products in these market.
7. Huge customer base in India as median age in 2017 was 27-
indicating a non-alcoholic sector 8. Coco-cola is highly involved in campaigning and active on social media. It has 105.67 million followers on Facebook. 9. The coca cola company has 57 manufacturing plants in rural areas spread across the globe thus providing largescale livelihood in the underdeveloped sectors . this sj