The soft drinks maker, which already has revenue in the region of £100bn, will also attempt to double daily servings to over three billion and be the ‘number 1’ non-alcoholic ready-to-drink brand in every market and every category within a decade.
The vision was laid out during a two-day investor meeting in Atlanta, where chairman and chief executive, Muhtar Kent, said the company was “laser-focused” on targeting the right consumers with fully integrated global marketing campaigns that work on many levels, across many geographies and cultures, and leverage a “rich variety” of media and channels.
Coca-Cola believes emerging markets will be key to the strategy. In the third quarter, the company’s profit rose less than 1%, though the results were buoyed by stronger performance in emerging markets with unit case volume growth of 15% and 37% in China and India respectively.
By 2020, the company says the world will look very different, hence the “right consumers” will include the increased numbers of middle class people living in urban areas.
Kent says there will also be a renewed focus on older, wealthier consumers. “To target aging and affluent consumer globally, we are actively exploring new ingredients, new functionality and new occasions. At the same time we are creating new strategies that are winning over a massive new generation of teens to drive growth of Trademark Coca-Cola.”
The company will also be upping its game in Brazil ahead of the 2014 World Cup, and plans to open a ‘green’ plant in the country.
Sustainability features strongly in the company’s vision. Its aim is to be “the global leader” in sustainable water use, while leading the industry in terms of energy, climate protection and packaging.
Coke said it expected to have two billion of its “PlantBottle”, which is made partially out of plants, in production by the end of next year.
Meanwhile, PepsiCo recently announced plans to boost its global ad spend next year, putting more weight behind its Gatorade brand.