In the same vain, te company has participated in many forums and competitions and won several prestigious awards including the 2008 United Kingdom Grocery Award for being the first company to achieve the 1billion benchmark. Te winning of this award elevated the Company’s reputation to the international stage. Fr many years, te company has remained competitive in business cycles and managed to outdo its arch rivalries by expanding its operations. Tday, te company is operational in more than 200 territories where it has established its distribution and processing outlets.
a result, te company only derives less than 25% of its total revenue from the domestic market (America). Te company has managed to attain this tremendous growth by diversifying its products and services because it deals a wide range of soft beverages including energy giving drinks, ta, cffee, Cke brand and water, t highlight, a few. Bair and Herbert (106) affirm that the company serves more than 2 million customers daily and has employed more than 150 employees. Te report indicated that the company has continued to increase total revenue since 2009.
I 2010, te company gathered more than $15 million as the total revenue, wich was 13. 4 higher than the total revenue of 2009 (Elmore, 720). Tis significant increase in revenue collection attributed to an increment of about 1. 2 in unit rate and 4. 8 in volume capacity. Te report further projected that the company will increase its current revenue margin by 20% in 2020 following the opening of new markets in other regions. Cca Cola Bottling Company in Saudi Arabia faces a lot cultural diversity.
Tcker (122) noted that between the years 1968-1991, te Arab League had boycotted this beverage to serve as a punishment for the company’s business in Israel. Sme of these cultural hindrances seem to challenge Coca Cola. Oher cultural diversities include understanding the people’s perceptions, sereotyping, ad their expectations and values. Dsani bottled water is a good and it continues to face challenges even in Saudi Arabia. Cca Cola Company tried to purchase Orangima, wich is a European soft drink company, bt unfortunately, te market regulators terminated. I further diversification, Cca Cola Company in Saudi Arabia plans to merge with Cadbury Schweppes, wich enable the...
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