Coca-Cola System’s U.S. economic impact At $57.8 billion In 2022
Coca-Cola Bottling Company United, Inc. (UNITED) and The Coca-Cola Company have announced the release of a new study that shows the Coca-Cola system, made up of independently owned bottlers that work with a network of manufacturers, suppliers and service workers, accounts for $57.8 billion in value-added economic activity to the U.S. economy.
The Coca-Cola system supports more than 854,000 jobs across the country in sectors like services, manufacturing, agriculture, trade and transport. This includes over 84,000 direct system jobs and 770,000 jobs that are supported across the value chain, meaning the system collectively supports nine additional jobs for every one it directly creates.
By making its beverages available to consumers nationwide, the Coca-Cola system has an economic impact in all 50 states. The study, conducted by global consultancy Steward Redqueen, shows that in total the system invested $27.8 billion in the U.S. economy through the purchase of goods and services from American suppliers.
“The Coca-Cola Company is, first and foremost, a homegrown U.S. business with a unique story of American resilience and transformation,” said Jennifer Mann, SVP and President of Coca-Cola North America. “Our operating model is what really allows us to have the impact that we do.”
“Coca-Cola UNITED’s impact is attributed to the strong local relationships we’ve built over the past 121 years,” said Mike Suco, Coca-Cola UNITED President and CEO. “We firmly believe that our business can only prosper if the communities where we live, work and serve are strong and vibrant.”
Coca-Cola UNITED employs more than 10,000 associates in more than 50 facilities across six southeastern states – Alabama, Florida, Georgia, Louisiana, Mississippi and Tennessee. The Coca-Cola System accounts for $13.6 billion in value-added economic activity to these states. Investment in community programs in these states total $62 million.
See the results at Coke.com/USImpact.
Here is a link to the Mississippi Economic Impact one-pager.
