CCEP to invest €700m in 2023
Coca-Cola Europacific Partners (CCEP), the world’s largest Coca-Cola bottler, is investing at least €700m in 2023 in capital expenditure to deliver an even better service to customers and make progress toward its sustainability commitments.
CCEP will better support customers and create value for them through continued investment in technology and digital tools and increased supply chain capacity to deliver the drinks consumers love.
CCEP’s online customer portal – MyCCEP.com – has received a new look and feel to make it easier to use for customers. New tools and functionalities are constantly being added to MyCCEP.com including point of sale materials and consumer insights to help customers grow their businesses.
MyCCEP.com continues to be an important part of our business, with revenues on the platform up over 20% in Q1.
CCEP is also investing in building digital, data and analytics capabilities, making data and analytics a competitive strength for CCEP. This includes identifying and utilising key customer and shopper insights to get the right products to the right types of customers at the right times.
It will also help optimise our operations and asset use, so we meet our revenue growth projections while fulfilling sustainability commitments and meeting consumer demands.
A new programme to develop commercial skills and capabilities among our colleagues – The Way We Sell - has also been launched and is rolling out across CCEP this year.
Expanding supply chain capacity – to give consumers the drinks they want and better serve our customers – is also a significant focus. Investments include:
Notably all these lines use the latest technology to minimise water and energy usage.
Up to 40,000 connected coolers will also be added to our existing portfolio of coolers, providing customers with real-time equipment data and leverage insights to improve sales.
new can lines
connected coolers installed
Achieving our sustainability commitments
Investment will also be focused on helping CCEP achieve its sustainability commitments – particularly across packaging and climate. Key highlights include:
In addition to these initiatives, CCEP Ventures continues to explore new ways of delivering our sustainability commitments, including:
We're supporting the continued rollout of attached caps by converting 29 lines
Investing in new lines to respond to consumer and customer demand for more cans
A multi-year investment in returnable glass bottles in France
Investing in new or improved automated storage and retrieval systems like this one in GB
We’ve had an encouraging start to 2023, delivering solid top-line growth. Our disciplined and targeted investment plans for the year highlight our commitment to going further together for our customers and shareholders and delivering our sustainability commitments.
* Iceland, the Netherlands, Norway and Sweden use 100% rPET for all locally produced bottles; Belgium, Luxembourg, Germany, GB, Australia, Fiji and New Zealand use 100% rPET across all single serve bottles; Fuze Tea, Smartwater, Chaudfontaine and Vio are 100% rPET brands; in 2022 we introduced rPET in our 390ml carbonated soft drinks bottles in Indonesia, using material from our Amandina PET recycling plant, which is a joint venture with Dynapack Asia.