May 17, 2020

$5.1bn Costa purchase to boost Coca-Cola expertise across coffee supply chain

Costa
Coca-Cola
coffee
Whitbread
James Henderson
2 min
$5.1bn Costa purchase to boost Coca-Cola expertise across coffee supply chain
The $5.1bn purchase of Costa Coffee willprovideCoca-Cola with strong expertise across the coffee supply chain, including sourcing, vending and distribut...

The $5.1bn purchase of Costa Coffee will provide Coca-Cola with strong expertise across the coffee supply chain, including sourcing, vending and distribution, the beverage giant has said. 

The acquisition of Costa from parent company Whitbread PLC will give Coca-Cola a strong coffee platform across parts of Europe, Asia Pacific, the Middle East and Africa, with the opportunity for additional expansion.

Costa operations include a leading brand, nearly 4,000 retail outlets with highly trained baristas, a coffee vending operation, for-home coffee formats and Costa’s state-of-the-art roastery.

For Coca-Cola, the expected acquisition adds a scalable coffee platform with critical know-how and expertise in a fast-growing, on-trend category.

Costa ranks as the leading coffee company in the United Kingdom and has a growing footprint in China, among other markets. 

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In a statement, Coca-Cola said: "Costa provides Coca-Cola with strong expertise across the coffee supply chain, including sourcing, vending and distribution. This will be a complement to existing capabilities within the Coca-Cola system.

Coca-Cola President and CEO James Quincey, commented: “Costa gives Coca-Cola new capabilities and expertise in coffee, and our system can create opportunities to grow the Costa brand worldwide. 

“Hot beverages is one of the few segments of the total beverage landscape where Coca-Cola does not have a global brand. Costa gives us access to this market with a strong coffee platform.”

Late last year, Coca-Cola signalled its intent to make significant changes to its supply chain operations, as part of the organisation’s new ‘Sustainability Action Plan’.

Dubbed ‘This is Forward’, the company and its European partners pledged to address some of the biggest issues in society by using their business and brands as a force for good, and with impact to meet complex global challenges.

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Jul 25, 2021

People Moves: Kuehne+Nagel, Asuccini, Algo

supplychain
Procurement
KuehneNagel
Logistics
2 min
Stay up to date on the latest supply chain executive moves and promotions, including Kuehne+Nagel, Algo, and Asuccini LLC

Peer Gjeow Rasmussen

Kuehne+Nagel


Was: Managing Director, Kuehne+Nagel India
Now: Managing Director, Kuehne+Nagel Singapore and Malaysia 

Skilled in freight forwarding, logistics management, and international logistics, Peer Gjeow Rasmussen has worked for almost two decades to make Kuehne+Nagel a global leader in supply chain. With experience in Thailand, China, Denmark, the USA, and India, Rasmussen is poised to excel in the company’s diverse Singapore and Malaysia divisions. Said Jens Drewes, President of Kuehne+Nagel Asia-Pacific: "Peer’s proven leadership will ensure continued strategic growth and success." 

 

Heidi Turk

Algo


Was: SVP Supply Chain, NBC Universal
Now: Chief Customer Success Officer, Algo


Heidi Turk has been named Chief Customer Success Officer at Algo, a leading supply chain intelligence SaaS solutions provider. Prior to joining Algo, Turk spent the 23 years with NBC Universal, most recently as SVP Supply Chain.

Amjad Hussain, Chairman, founder and CEO, said: “Heidi’s deep knowledge of hard-goods manufacturing, distribution and retail channel operations will take Algo's white-glove, customer-centric service and support to the next level."


Jim Vrtis

Asuccini 


Now: Vice Chairman, Board of Directors, Asuccini

Jim Vrtis has been elected to the board of directors at Asuccini LLC, the leading international logistics transportation management software company. Vrtis will join as the Vice Chairman, and continue his role as CEO at Artemis ABA Inc. 

Vrtis has more than 20 years of industry experience working in transportation and logistics. Ashkan Shamili, Founder & CEO, said: “With the addition of Jim to our Board, we are committed to providing our customers with an innovative customised transportation management system built in the Salesforce cloud and tailored to the way our customers run their business.”

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