the carbonated soft drink industry: challenges and strategies

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The Carbonated Soft Drink Industry's Challenges & Strategies: Increasing Millennial Appeal & Consumption From a Marketing Management Perspective Sashenka Goodall Professor Hirschberg Golden Gate University – MKT 300

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Page 1: The Carbonated Soft Drink Industry: Challenges and Strategies

The Carbonated Soft Drink Industry'sChallenges & Strategies:

Increasing MillennialAppeal & ConsumptionFrom a Marketing Management PerspectiveSashenka GoodallProfessor HirschbergGolden Gate University – MKT 300

Page 2: The Carbonated Soft Drink Industry: Challenges and Strategies

Agenda• Recent Sales• Consumer

Concerns• Marketing

Translation• Conclusion

Page 3: The Carbonated Soft Drink Industry: Challenges and Strategies

Carbonated Beverage Sales by Variety

Page 4: The Carbonated Soft Drink Industry: Challenges and Strategies

Why are Sales Declining?

United States of Fatties

High Fructose Corn Syrup

24/7 Information

Page 5: The Carbonated Soft Drink Industry: Challenges and Strategies

Other Challenges Facing CSD's

Diet Coke is for Women….

…Men Drink Regular Coke

Age Entry Point for Millennial Children

&

Page 6: The Carbonated Soft Drink Industry: Challenges and Strategies

For CSD's… It's What's OUTSIDE that Counts

Bigger is NOT Better

Keep it Glassy

Continental Appeal

Page 7: The Carbonated Soft Drink Industry: Challenges and Strategies

…because outside can be AMAZING!!!

Page 8: The Carbonated Soft Drink Industry: Challenges and Strategies

Especially When you Share!!

Page 9: The Carbonated Soft Drink Industry: Challenges and Strategies

Even If Dr. Pepper Doesn't Agree

Page 10: The Carbonated Soft Drink Industry: Challenges and Strategies

DEWshine Craft Soda by Mountain Dew

• Compete with Craft Soda Products

• Real Citrus Juice and Cane Sugar

• Glass bottle 4-packs• Refreshing, Natural and New

Page 11: The Carbonated Soft Drink Industry: Challenges and Strategies

Marketing Management Translationof CSD Challenges & StrategiesConsumer Concern Marketing Principle(s) Internal or External?Obesity Concerns Lifestyle Choices Internal

Ingredients & Artificial Sugar

Cognitive Learning, Search for Information

Both

Men & Soda:Diet vs. Mid-Calorie

Gender RolesBrand Personality

InternalExternal

Mini Cans Low-Involvement Learning External

Glass Bottles Appeal to Social Class ExternalLatin Pivot Cultural Values

DemographyExternalInternal

Share a Coke With Opinion Leaders, SocialDemographic Appeal

ExternalInternal

DEWshine Craft Soda Perception, Cultural Values External

Page 12: The Carbonated Soft Drink Industry: Challenges and Strategies

Impact on the Decision Making Process

• Increase Motivation & Change Perception• Marketing and Information

• Problem Recognition is unavoidable• Alternatives Evaluation Attribute-Based Choices

Page 13: The Carbonated Soft Drink Industry: Challenges and Strategies

ConclusionThere is no such thing as too Big to

Fail……(Unless You're a Bank)

Understanding Your Customer is CRITICAL

Page 14: The Carbonated Soft Drink Industry: Challenges and Strategies

Questions?

Comments?

Page 15: The Carbonated Soft Drink Industry: Challenges and Strategies

The

End!