By Dez Duran-Lamanilao

 

Innovation is the result of a meticulous and comprehensive process of studying and experimentation of an idea. Without it, companies take the risk of being left out by their competitors and the industry in which they belong. It requires creativity, infinite imagination, strategic identification of a company’s competencies, assets, and needs, and resources to execute the idea.

Let us take a look at the companies in the beverage industry from around the world that made it to the Forbes Top 100 Most Innovative Companies 2016. They were ranked by their innovation premium, which Forbes defines as the difference between market capitalization and the net present value of cash flows from current businesses.

  1. Monster Beverage (US) #7

  2. Brown-Forman (US) #60

  3. Molson Coors Brewing (US) #75

  4. SAB Miller (UK) #79

  5. Constellation Brands (US) #92

  6. Coca-Cola (US) #93

Having made it to the Top 10 with a 25-billion dollar market cap, as of May 2016, is Monster Beverage Corp. who have increased their focus on innovation in the past years. In fact, the company is expected to launch a new product for 2017 in the coffee category, months after it launched Mutant, an energy super soda, and Hydro, a bottled water energy drink.

Amidst the innovative technologies that abound in various industries, the American Beverage Association has taken steps to lead the way on sustainable solutions. Here are some examples of innovation taking place in the beverage industry that demonstrate environmental stewardship:

  • The Coca-Cola Company has replenished more than 150 billion liters of water in 61 countries.

  • Member companies purchase more than 50,000 Energy Star-related or hydrofluorocarbon (HFC)-free equipment yearly.

  • Industry-wide, the average fleet miles per gallon improved by 13% since 2010.

  • Dr. Pepper Snapple Group has developed the lightest 2-liter plastic bottle ever.

  • Each member company is targeting to eliminate waste to landfills.

On their part, the founders and the research and development team of Sweet Brew Tea & Sugar Co. have managed to yield the industry’s most efficient and cost effective system for consistently flavored, fresh brewed sweet teas, flavored teas, and most recently, lemonade. Its industry-first Fresh Brewed Lemonade™, which is made using the patented Sweet Brew Pouch containing a special lemonade blend and pure cane sugar and the Sweet Brew Funnel, is a delightful concoction of sweet and tart that customers are ordering by the tractor trailer load— literally!

Ask us today how we can help you increase your beverage profits with Sweet Brew’s revolutionary system that your customers and servers will love.