A SUSTAINABLE STUDY - COCA-COLA COMPANY
Added on 2020-04-07
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A SUSTAINABLE STUDY – COCA-COLA COMPANY 1A SUSTAINABLE STUDY – COCA-COLA COMPANYName:Institution:Course:Tutor:Date:
A SUSTAINABLE STUDY – COCA-COLA COMPANY 2Table of ContentsIntroduction......................................................................................................................................2Literature Review............................................................................................................................3Circular Economy........................................................................................................................3Supply chain transparency...........................................................................................................4Product redesign to reduce environmental impact......................................................................5Sustainable business models........................................................................................................6Future development of different sustainable initiative to Coca-Cola Company.............................8Government..................................................................................................................................8Private sector...............................................................................................................................8Social influences..........................................................................................................................9Technological changes...............................................................................................................10Conclusion.....................................................................................................................................10References......................................................................................................................................12
A SUSTAINABLE STUDY – COCA-COLA COMPANY 3IntroductionSince its establishment, Coca-Cola Company continues to be the biggest company that deals withthe production, distribution, as well as marketing of non-alcoholic beverages. It offers over five hundred brands to its consumers in more than two hundred nations globally. The company has nineteen brands in lower or no-sugar out of its twenty-one billion-dollar brands (Gagarin 2012). The low or no-sugar brands help individual users of the products to moderate their consumption of added sugar contents. Besides, Coca-Cola Company management concentrates their duties in making positive contributions to the universe. Coca-Cola Company remains to be the number one provider of sparkling types of beverages that are ready-to-drink juices, coffees, and juice drinks (James 2015). Therefore, the principal objective of this report is to address sustainability study in the operations of the Coca-Cola Company. Literature ReviewCircular EconomyThe circular economy as a form of sustainable initiative for an organization remains to bethe regenerative system where the resource input along with emission, waste, and energy leakages during operations are minimizable. The minimization of such wastes is achievable by slowing, closing, together with narrowing the material along with power loops during the operations of a company (Esslinger 2011). Besides, in the circular economy, minimization of such losses are achievable through a long-lasting design of services, repair, reuse, maintenance, remanufacturing of products, refurbishing, plus recycling of raw materials and other inputs significant to the operation of an organization. The circular economy in most cases in contrast to the linear economy that focuses on making, taking, disposing of the model of producing goods
A SUSTAINABLE STUDY – COCA-COLA COMPANY 4and services within an organization. According to Rengondola (2015), the circular economy within the operations of the Coca-Cola Company seems intuitive to be more sustainable much more when compared to the current linear economic systems of service. The functions of input ofresources into operations and waste along with mission leakage out of the system tend to reduce depletion together with pollution of the environment. In the functioning of the company, there are different relationship types between sustainability and the circular economy. Some of these differences comprise of conditional relation, beneficial relationship, degree relation, selective relation, cost-benefit relations, and level relations among other differences. The adoption of a circular economy as a sustainability strategy is essential in the operations of Coca-Cola Company. It aids in prioritizing regenerative resources, using the wastes as the resources during the production, designing the future operations, preserving and extending what the company already produces. Additionally, circular economy among various companies aids in the performance of a range of functions (Zink & Geyer 2017). The circular economy within the Coca-Cola Company presents the best opportunity for packaging of the sector of the Coke’s products. Failure to adopt the circular economy, the company will not be able to shape the future of consumption of the business’s products. Supply chain transparencyThe supply chain transparency within the operations of any company remains to be the system of people, activities, data, and resources involved in the movement of service or products from suppliers to customers around the global markets. The transparency of supply chain consists of ideas of showing the transformation of natural resources, raw material, as well as components into the finished product delivered to the consumer. Therefore, supply chain
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