Business Services Industry
A baffling career move
Journal Record, The (Oklahoma City), May 9, 2002
The switch to driving is inspiring travelers to install wireless laptops and portable desks so they can get work done along the way. They are leasing motor homes that come equipped with swivel chairs, desks and even showers. And some are taking new city-to-city limousine services that charge flat, rather than hourly, rates.
Will this bring a blue Britney?
NEW YORK (AP) -- PepsiCo., thirsting for more of the sales generated by a cherry-red version of its Mountain Dew soda, will broaden the strategy by introducing a new, blue variation of its flagship soft drink this summer. The Purchase, N.Y.-based company said it will begin selling Pepsi Blue, a berry-flavored cola, in August, in a bid to reach more teens, the biggest consumers of carbonated drinks.
Pepsi announced its new drink a day as Coca-Cola prepares a new vanilla version of its namesake beverage. The moves show how both soft drink makers are working to revive sales of carbonated drinks, an enormous but largely static market. "This could well be the answers that these companies have sought in returning their cola businesses to stronger growth," said John Sicher, publisher of Beverage Digest, an industry magazine. "The carbonated soft drink market is over 10 times as big as the next largest category, bottled water, so achieving healthy growth in such a big category has a huge leverage effect."
One of the few drinks to draw new consumers recently was Mountain Dew Code Red, a cherry-flavored drink introduced by Pepsi last spring that has proven a quick success with teens. Both Code Red and Pepsi Blue have 16-year-old males as their target consumer.
This year, Pepsi said it expects to sell about 100 million cases of Code Red, out of total Mountain Dew sales of 850 million cases. A case is a standard industry measure equivalent to 192 ounces of a drink.
"Code Red is a great success model for us to follow," said Dave Burwick, senior vice president of marketing for Pepsi-Cola North America. "We basically hope Pepsi Blue can do for the (Pepsi) trademark what Code Red has done for the Mountain Dew trademark."
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