• Thu. Jul 25th, 2024

Taarifa News

Latest News Around the Globe

Coca-Cola removes one of its soda from the market

May 17, 2021
402 300

Coke Energy, we hardly knew you. The Coke-energy-drink hybrid is being discontinued in North America, just over a year after it launched.

Coke Energy hit shelves in January 2020, a few months before coronavirus began spreading across the region. However, the pandemic altered the beverage giant’s business strategy and in a statement Coke said that it’s focusing on the drinks that are selling well, including its caffeinated sparkling water and traditional sodas.

“An important component to this strategy is the consistent and constant evaluation of what’s performing and what’s not,” the company. “As we scale our best innovations quickly and effectively, like AHA and Coca-Cola with Coffee, we need to be disciplined with those that don’t get the traction required for further investment”

Four varieties were sold across North America, including Coke Energy, Coke Energy Zero Sugar, Coke Energy Cherry and Coke Energy Cherry Zero Sugar. The beverage is is made with guarana extracts and B-vitamins, has 114 mg of caffeine per 12-ounce serving. A 12-ounce can of regular Coke has about 34 mg of caffeine.

Coke Energy will remain on sale in other parts of the world.

It’s the latest Coke product to be axed from its sprawling lineup. The Atlanta-based company announced last year it was discontinuing 200 brands, or about half of its portfolio. The reduction would allow Coca-Cola to focus on its most profitable offerings.

So far, Zico coconut water, Tab and Odwalla juices have been buried in the beverage graveyard.

Leave a Reply

Your email address will not be published. Required fields are marked *