In 2022, Pepsi invested a whopping $550 million in Celsius, a deal that allowed the energy drink company to open more distribution channels, including food service. Foodservice currently represents 11% of the company’s PepsiCo revenue in the second quarter. Its food service division includes restaurants, colleges and hotels.
Click here to read the story at modernretail.co.
Discussion Questions:
- What is the marketing mix?
- What is “place” as it relates the marketing mix?
- Why is place an important piece of the marketing mix?
- How might this story represent an example of place?
- What is distribution?
- What is a distribution channel?
- Can you think of the last time you saw a Celsius product being sold? Where was it?
- How would you describe Celsius’s distribution strategy, based on what you learned from this news story?
- What is a business plan?
- Why are business plans important?
- What did we learn from this news story about how Celsius’s growth strategy?
- Why is distribution important to Celsius’s growth strategy?