Fatty happy water? is a favorite drink of many people, so-called? Fat house happy water? refers to carbonated beverages. The world's two giants in the production of carbonated drinks, one is Coca-Cola, the other is Pepsi. The Coca-Cola Company was founded in 1891 and has been in business for almost 150 years. Coca-Cola has always been a favorite drink all over the world, and it was a huge seller all over the world, and at one time it was popular all over the world. However, with the outbreak of the New Crown epidemic in 2020, many companies' revenue generation has been affected, and Coca-Cola is no exception. According to news reports, Coca-Cola's revenue plummeted by 28% in 2020. Such a value is a fatal blow to any company. So what are the reasons for Coca-Cola Company's revenue plummet of 28% and revenue decline? Here is my opinion:

I. Impact of the New Crown Epidemic

In 2020, a sudden epidemic hit the world's economy hard. With such a global economic downturn, it is kind of reasonable that the Coca-Cola Company's revenue plummeted. So, part of the reason for Coca-Cola's decrease in revenue is also due to the impact of the epidemic.

II. Competition from similar brands

If a field is profitable, peers will enter the field quickly. The Coca-Cola Company is also facing competition with its peers, for example, Pepsi, which is now in the ascendancy, has taken a lot of Coca-Cola's market, resulting in a decrease in Coca-Cola's income.

Third, the attraction of Coca-Cola itself decreases

The Coca-Cola Company is an old company, but with the change of times, the attraction of Coca-Cola Company itself to the consumers is also decreasing, so this also leads to the decrease of the income of Coca-Cola Company.

About Coca-Cola Company's revenue has plummeted by 28%, what are the reasons for the decline in revenue? The above is my opinion, what is your opinion? Welcome to leave a comment to exchange.